Automotive


Girnar co-founders renege on salaries as loss soars

Girnar co-founders renege on salaries as loss soars

The brothers Amit and Anurag Jain, the two co-founders of Girnar Software in 2007, stopped drawing salaries in December and will only start drawing salaries again when the company turns a profit. Girnar Software owns three major auto platforms, namely CarDekho, ZigWheels and Gaadi.com.


In Turkey, auto sites may have to guarantee parts

In Turkey, auto sites may have to guarantee parts

Bulent Tufenkci, Turkey's minister of customs and trade, informed the local auto trade industry that a new regulation will be promulgated to do with guarantees for used autos. The regulation, which will be sent to the Office of the Prime Minister, and then published in the official gazette in the next days, will directly impact local used-auto sites.


Ping An tightens grip on Autohome, directors resign

Ping An tightens grip on Autohome, directors resign

On Febr. 22 Yun Chen Capital Cayman, an affiliate of Ping An Group, acquired about 6.5 percent of the total issued shares of Australia's Telstra Holdings. The move pushed Yun Chen Capital Cayman's beneficial shareholding in Autohome Inc. to about 53.9 percent.


Carview makes it easier for buyer/seller to negotiate

Carview makes it easier for buyer/seller to negotiate

Carview, a Japanese used-car classified jointly operated by Yahoo Japan Corporation, introduced a user-friendly desktop interface for auto buyers, to facilitate the flow of transactions and make negotiation hassle-free.


Beepi.com closes, but may be back

Beepi.com closes, but may be back

The managers of Beepi.com, a used-auto start-up in the Francisco Bay-area, confirmed a Techcrunch report (here) that the site had stopped operating after running out of cash, and before it could be sold to an interested party.


Guazi aims to be world’s No. 1 auto site in 2017

Guazi aims to be world’s No. 1 auto site in 2017

Guazi.com, China’s leading used-auto auto site, held its 2017 annual general meeting at the end of January. At the event, CEO Yang Haochong confirmed that the company had strong revenue growth in 2016, and announced Guazi aims to become the largest used-auto site in the world as measured by the number of transactions - still this year.



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