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

Online Scams Up, Credit Card Hacks Down

Consumers face a rising threat of online rip-offs, but they may be worried about the wrong thing more »

A centralized MMS system

Nokia's MMS Solution Enables TeliaSonera's pan-Nordic Multimedia Messaging Launch more »

Gartner: IT services revenue to grow

Companies will spend slightly more on IT services in 2003 than last year more »

North Korea's School for Hackers

In North Korea's mountainous Hyungsan region, a military academy specializing in electronic warfare has been churning out 100 cybersoldiers every year for nearly two decades more »

search.lt news

search.lt presents newest links more »

Computer Crime Losses Drop Significantly

Financial losses from computer crime are down significantly from last year according to the latest Computer Crime and Security Survey more »

College plans virus-writing course

While many students would be expelled from their computer science programs for writing a virus, the University of Calgary plans to make writing such malicious programs a part of the curriculum more »

Danish prince celebrates 35 with Web site

hkhkronprinsen.dk - a personal Web site of Danish Crown Prince Frederik more »

724 wins messaging upgrade in Estonia

724 Solutions announced Radiolinja Eesti of Estonia will upgrade its messaging gateway to 724’s X-treme Mobility Gateway (XMG) more »

The front runner

EURID will manage .eu top-level domain more »