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FBI hunts £1.8m eBay car fraudster
Sun, 03 Nov 2013The Federal Bureau of Investigation (FBI) in the USA has issued a wanted poster for Nicolae Popescu, a Romanian man they suspect of leading a “sophisticated internet fraud scheme where criminal conspirators, posted advertisements on internet auction sites for merchandise for sale”. The scam – predominantly carried out using eBay Motors – convinced would-be buyers to part with money for cars that didn’t exist. On Bing: see pictures of car fraud 15 car-selling scams every car buyer should know about The conspirators posed as eBay sellers and then sent fraudulent invoices, that appeared to be from legitimate online payment services, with instructions for payment to bank accounts held in the United States.
BMW to supply Toyota with 1.6 & 2.0 litre diesel engines.
Thu, 01 Dec 2011Toyotas to get BMW diesel engines in Europe It has been announced that BMW are to supply Toyota with 1.6 and 2.0 litre diesel engines for Toyota cars in Europe from 2014. Last week we revealed that BMW and Toyota were discussing swapping engines and hybrid technology in an effort to cut costs and improve products. And now we have the first fruits of those discussions confirmed.
News watch September 2011: today's auto industry news
Fri, 30 Sep 2011Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 30 September 2011• Toyota and Honda have both returned to full production after Easter's disastrous earthquake. September car sales will be released next week, and Bloomberg predicts a rise to 12.8 million seasonally adjusted annual rate (Bloomberg)• The US now predicts a slightly smaller 2011 full-year sales total.