Automotive

Auto Trader appoints new non-exec

Auto Trader, the U.K.’s largest digital automotive marketplace, appointed Jill Easterbrook as an independent non-executive director from July 1, 2015. Easterbrook will chair the remuneration committee, and will join the audit and nomination committees. Easterbrook is currently a member of the executive committee at Tesco PLC. She joined Tesco in 2001 and has held a variety of strategic and...

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L’Argus now owner of France’s Autoreflex

On June 30 French auto information company L’Argus signed a contract with Axel Springer and Mondadori, which made it the owner of France’s Autoreflex.com, L’Argus reported (in French here). The site was about to be liquidated by the previous owners, when L’Argus came up with an offer (we reported about it here and here). The deal made L’Argus owner of the platform, its...

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Russia’s Rambler appoints new acting director

Rambler&Co, one of Russia’s largest media holdings, hired a new acting director for its website Rambler.ru. She is Anastasia Babkina (photo), who has been a marketing executive of Rambler since 2011. Rambler’s site offers a variety of services, including auto vertical classifieds AutoRambler, email and search, online news and weather. Babkina is expected to add new dynamism to...

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Yandex axes editorial staff of Auto.ru

Yandex, Russia’s Internet search giant, disbanded the editorial department of its leading auto classifieds site Auto.ru. In the wake of the ongoing economic crisis that grips Russia, the company decided to streamline the platform and prioritize aggregation services instead. Following the acquisition of Auto.ru by Yandex in 2014, Russia’s leading auto vertical has seen a shifting of...

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TrueCar dealers sell 2 million vehicles

TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free mobile marketplace, announced that over 2 million vehicles have been bought from TrueCar Certified Dealers in sales originating from its platform, according to PRNewswire. Some $50 billion in vehicles have been sold since the company opened in 2005. “It took eight years to hit the 1 million sales mark, and 19 months for the second...

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ProSiebenSat.1 enters German classifieds with a bang

ProSiebenSat.1, a big, German media group, acquired 80 percent of price comparison platform Verivox for €170 million ($190 million U.S.) plus a performance bonus of up to €40 million, to be paid at the end of the current financial year. How high the bonus falls out, will depend on how successful the platform was in the financial year, online magazine Gründerszene.de reported. The sellers...

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