Tom Marling | June 18, 2019 | Automotive, People on the Move
Li Jian, the CEO of Chinese c-to-c used auto unicorn RenRenChe, has announced the company’s upgrade to a “2.0” business model in an internal letter to company employees. According to one employee, who spoke to 36kr.com (in Chinese), the lay-offs are...
Luigi Serenelli | June 18, 2019 | Automotive
Swiss car subscription start-up Carvolution has signed a cooperation agreement with Galaxus — an online retailer for consumer electronics and telecommunication. Galaxus offers eight subscription models to rent a car as part of its “Mobility as a service”...
Wander Beekhuis | June 17, 2019 | Automotive, Financials / Deals
Dutch De Persgroep and Telegraaf Media Groep (TMG) have announced the launch of Automotive MediaInventions — a joint venture between Gaspedaal.nl (TMG) and Autotrack.nl (De Persgroep). De Persgroep will hold 51% of the shares, TMG the other 49%. With more than...
Tariq Ahmed Saeedi | June 15, 2019 | Automotive
Flea market app Mercari has introduced warranty feature for buyers who purchase used-cars from the site. The warranties cover repairs and tuning for three months after the purchase date. The service is currently available for iOS users. It’s valid for vehicles...
Cila Warncke | June 14, 2019 | Automotive
CarWow.es has announced it expects to sell €200 million ($225 million U.S.) worth of vehicles by the end of its first year in Spain. The site works with more than 1,000 dealers, EuropaPress reported, and 11 manufacturers, according to its website. CarWow Spain was...
Ben Salisbury | June 13, 2019 | Automotive
U.K. used-car classifieds leader AutoTrader.co.uk has introduced a bulk vehicle check service for dealers in April after a four-week trial. The vehicle check system partners with Experian and uses its database to check the history and verify that vehicles have no...
