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Former Hyundai Motor America Chief Executive John Krafcik has been named president of TrueCarInc., the online auto-shopping service that plans to raise $125 million in an initial public offering. TrueCar (www.truecar.com) is currently developing new finance tools called TrueLoan and TrueLease, which are meant to provide users with a more convenient way to finance their cars at TrueCar certified dealers. No IPO date has been set.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
