Rocket Internet, the German start-up incubator that owns a majority stake in Carspring, pulled its investment in the U.K. auto site, reported Techcrunch yesterday. Carspring appears to be failing quickly as a result.
Kate Rodriguez covers the German market for AIM Group. She is a freelance business writer with an extensive background in public policy, business consulting and marketing. Originally from the U.S., Kate is now based in Munich.