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

Microsoft Corp. on Monday capitulated to customer pressure

Microsoft Bows to Pressure, Extends Support for Older Windows Versions more »

Gates Unveils Innovative New Products and Services at CES

In his keynote address at the 2004 International Consumer Electronics Show (CES), Microsoft Corp. Chairman and Chief Software Architect Bill Gates expanded on the company's vision for "seamless computing" more »

2004 to be year of the 'superworm'

Virus writers create secret P2P virus network more »

Intel launches Celeron M chip line

Lower-cache processors are designed for thin and light notebooks more »

Japan, China, S. Korea developing next Net

Japan, China and South Korea are reportedly planning to jointly develop Internet Protocol version 6 (IPv6), the next-generation Internet standard more »

Online crime up in 2003

It seems 2003 was a productive year for phishers, online auction scammers and Nigerians professing a deep sense of purpose and utmost sincerity more »

search.lt news

search.lt presents newest links more »

'Phisher' site targets Visa, as holiday scams abound

Ruse uses e-mail, Web site to snag account numbers and personal identification numbers more »

search.lt news

search.lt presents newest links more »