How some retail auto tech companies are addressing generative AI
Tekion, TrueCar, Cox Automotive, Cars Commerce and CarNow are among automotive retail technology companies evaluating generative AI technology......»»
Court OKs sales of Shift Technologies" digital assets
A California bankruptcy court approved dividing up the digital assets of used-vehicle retailer Shift Technologies in separate sales. Bidders on the assets were TrueCar founder Scott Painter, a limited liability company and a Canadian nonautomotive co.....»»
TrueCar"s rebound gains momentum in Q4
The vehicle listings company said its TrueCar+ digital car selling platform will generate significant revenue starting in 2025......»»
TrueCar leader says company continues rebound after restructuring
"We have this huge opportunity," CEO Jantoon Reigersman said during this year's NADA Show in Las Vegas......»»
The top automotive retail technology stories of 2023
Tekion, CDK Global, Reynolds and Reynolds and TrueCar were among the companies making news in 2023 and landed in the top 10 retail tech stories of the year, according to ......»»
TrueCar reduces losses, boosts revenue in Q3
New-vehicle inventory helped the vehicle listings company, but high prices and climbing interest rates remained challenges......»»
New TrueCar CFO is Oliver Foley
TrueCar has hired Oliver Foley as its CFO continuing its leadership shuffle. He starts Oct. 30......»»
Rivian"s board adds former Waymo CEO John Krafcik
John Krafcik has also served on the board of TrueCar. "His expertise in manufacturing engineering and automotive technology will be a valuable addition," said Rivian CEO RJ Scaringe......»»
TrueCar CEO: ‘Nimble team" working well together after job cuts
New CEO Jantoon Reigersman said it is business as usual for the vehicle listings company in the wake of job reductions and a restructuring......»»
TrueCar, amid restructuring and new CEO, says Q2 net losses surpass $20 million
The vehicle listings company said its second-quarter net loss included a $7.1 million charge for restructuring......»»
TrueCar drama: Impatient board wanted faster results, replaced CEO, analysts say
The vehicle listings company said it will cut 102 positions and replaced CEO Mike Darrow, 66, with COO Jantoon Reigersman, 41, who previously was TrueCar's CFO......»»
TrueCar overhaul targets faster results
TrueCar's board grew impatient with the pace of innovation and anemic revenue under Mike Darrow's leadership and moved to appoint a new CEO, analysts say......»»
TrueCar replaces CEO, lays off nearly a quarter of work force
The company said it is restructuring in a bid to align expenses with revenue......»»
TrueCar used-car valuation tool launches as Q1 revenue drops, losses rise
TrueCar Wholesale Solutions is designed to help the company make the most of strong used-car demand......»»
TrueCar pilots online credit app in Southern California
New TrueCar program means customers don't have to go to the dealership to complete F&I paperwork and wait for final payment information......»»
Stock price-induced impairment charge leads to TrueCar net loss of $77.1 million
Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago ......»»
TrueCar sees Q2 revenue slump, reports wider net loss
Executives of the vehicle listings company said low inventory and high vehicle prices have put pressure on its close rates......»»
TrueCar+ online sales tool headed to more markets this year, CEO says
Vehicle listings company TrueCar's acquisition this month of digital retailing provider Digital Motors already has produced new features for TrueCar+......»»
TrueCar acquires dealer sales platform Digital Motors, hopes to ‘accelerate" TrueCar+
Vehicle listings company TrueCar has acquired online dealer sales platform Digital Motors, hoping to bolster the launch of its new digital retailing service, TrueCar+......»»
TrueCar exploring acquisitions as it rolls out digital retailing tool
TrueCar executives said the vehicle listings company could look at "tuck-in" acquisition opportunities to accelerate its product road map around TrueCar+, its new digital retailing tool......»»