Automotive Information Center

Published: 24 September 1999 y., Friday
Autoweb.com, an Internet car-shopping service, agreed to buy the automotive-data unit of Canada_s Thomson for $20 million in cash and stock to add services such as repair guides to its site. Autoweb agreed to pay $16 million in cash and $4 million in common stock for Automotive Information Center. The Westborough, Massachusetts-based unit will continue as a separate operation under its current management, Autoweb said. Automotive Information Center provides new-car pricing information online, descriptions of standard and optional equipment, and repair and trouble-shooting guides. The purchase will improve Autoweb_s database and help it attract more people to its site, said chief executive Dean DeBiase. Rival Autobytel.com in July agreed to buy the publisher of Chilton auto-repair manuals for $17.5 million to offer customers a way to price auto repairs.Through yesterday, the Santa Clara, California-based company_s shares had fallen 78 percent since its March initial public offering, as automakers and dealership groups have moved into e-commerce.
Šaltinis: Bloomberg News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Symantec Offers SMBs a Better Sense of Security

Firewalls, VPNs, intrusion detection are becoming as common in the business vernacular as balance sheets, P & L statements and chart of accounts more »

IBM To Bulk Up On-Demand Centers

IBM is set to make a major push in its drive to become the top provider of utility, or "on-demand," computing services more »

search.lt news

search.lt presents newest links more »

CeBIT'2004: Talking technology

Talkative future for every gadget more »

The accusation

Internet suppliers have to connect abroad in order to connect with Poland more »

Panasonic preps 1GB Secure Digital card

Panasonic announced on Friday that it plans to launch a 1GB Secure Digital card first in Japan in April more »

Who should govern the Net?

It's no longer merely an academic question more »

NEC shrinks music, grows phones

NEC has launched the e616, its latest feature-packed 3G handset at CeBIT more »

Sony doubles up with AIT-4

Sony has launched the fourth generation of its AIT (Advanced Intelligent Tape) format at CeBIT more »

ICANN surveys proposed Net domains

The Internet's real estate may soon be expanding, with the proposed addition of up to nine new top-level domains, including .jobs, .xxx, .travel and .mail more »