TrueCar eyes $20M in profit in 2026 following acquisition
Automotive marketplace TrueCar has generated enough cash flow to turn the company profitable following a series of structural and operational changes after ...
Tag: TrueCar
TrueCar lays off 30% of staff amid reorganization
Automotive marketplace TrueCar today cut 30% of its workforce after the company went private last month in a transaction led by founder Scott Painter. Painter rejoined TrueCar as ...
TrueCar founder Scott Painter eyes cost cuts after closing $227M acquisition
TrueCar founder and returning Chief Executive Scott Painter plans to streamline the company after closing a $227 million take-private acquisition alongside a group of investors today. “Great companies ...
TrueCar to go private in $227 million buyout led by founder
TrueCar Inc. agreed to be taken private in an all-cash deal valued at about $227 million, shaking up the online ...
Chase Auto’s Mike Douglas to lead dealer services, other staff moves
Mike Douglas will oversee Chase Auto’s commercial and retail businesses as the bank’s new head of dealer services. Effective this ...
Opdahl named CEO of Source One Financial Services, and other personnel moves …
Opdahl takes over as CEO at Source One Financial Services Mike Opdahl, has been named chief executive of specialized finance ...
TrueCar cuts 24% of staff amid restructure
Automotive marketplace TrueCar cut 24% of its staff yesterday in a cost-cutting move that also saw the departure of the ...
‘Business as usual’ at TrueCar after SVB shuttered
Automotive pricing and information website TrueCar continued normal operations following a regulatory move to make all insured and uninsured deposits ...
