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HolidayBuyer's Guide
Tech Industry

Investments rev up online auto industry

Traditional auto dealers and retailers continue to commit to online ventures, with backing from the likes of Kleiner Perkins and Sequoia Capital, while Net-savvy manufacturers try to shore up their efforts online.

 

  latest developments 

Traditional auto dealers and retailers continue to commit to online ventures, with backing from the likes of Kleiner Perkins and Sequoia Capital, while Net-savvy manufacturers try to shore up their efforts online.

"Great distribution will be the critical factor in determining who the winners are in [online car retail]."

- Maynard Jenkins, CSK chief executive

 


Kleiner Perkins joins car dealer network for Web venture
Top-flight venture capital group Kleiner Perkins Caufield & Byers says it has joined with one of the nation's largest automobile dealer networks to launch Greenlight.com, an online car retailer.

Auto parts market pulls companies online
Bricks-and-mortar auto parts companies Advance Auto Parts and CSK Auto announce an alliance to create PartsAmerica.com, an online store affiliated with their 2,700 combined retail locations.

GM, Ford sign alliances with AOL, Yahoo
Automakers are reinforcing their Web sales through partnerships with Internet companies to reach more car shoppers.

Toyota in talks about joining GM Net venture
Toyota Motor reportedly is in talks about joining General Motors' new online marketplace for suppliers' goods and services.