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Autobytel Com Inc

BUSINESS
March 24, 1999 | JONATHAN GAW, TIMES STAFF WRITER
On a day when the overall stock market plummeted, Santa Clara, Calif.-based Autoweb.com Inc. on Tuesday had a stunning market debut, with its shares nearly tripling in price--an encouraging sign for Irvine-based Autobytel.com, a competitor that plans to go public today.
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BUSINESS
November 10, 2006 | From the Associated Press and Bloomberg News
Auto services marketer Autobytel Inc. said its third-quarter loss widened significantly on lower revenue and higher expenses. But the company's shares surged in late trading on its announcement that it had reached a marketing agreement with Time Warner Inc.'s AOL unit and was exploring strategic alternatives for its Retention Performance Marketing and Automotive Information Center business units.
BUSINESS
December 6, 2001 | James S. Granelli
Mark Lorimer quit as president and chief executive of Autobytel Inc. "to pursue other interests," the online auto marketer said. Lorimer was replaced by Jeffrey Schwartz, who came on board Aug. 14 when Autobytel acquired rival Autoweb.com Inc. Schwartz, who was Autoweb's president and chief executive for two years, became Autobytel's vice chairman at the time. Schwartz said Lorimer's departure was amicable. "It's a perfectly logical time in Mark's career for him to make a change," Schwartz said.
BUSINESS
December 16, 1999 | Dow Jones
Autobytel.com Inc., which operates an Internet car purchasing site, signed an agreement with General Motors Corp.'s Saturn Corp. unit to send inquiries for Saturn cars to the unit's Web site, rather than to a dealership. In a press release Wednesday, Autobytel.com said the agreement will result in more consumer inquiries to the car company's Web site, saturn.com.
BUSINESS
June 9, 1999 | Jonathan Gaw
Irvine-based Autobytel.com Inc. has signed a deal with Yahoo Inc. to offer used cars for sale online, the companies will announce today. The agreement calls for Autobytel to pay on a tiered scale to have listings posted on Yahoo, one of the most-visited sites on the Internet. Financial terms were not disclosed.
BUSINESS
March 22, 2001 | Bloomberg News
General Motors Corp. and Irvine online auto marketer Autobytel.com Inc. said the auto maker's Chevrolet dealers in the Washington area will test an Internet system that lets customers search for a vehicle and price throughout the region. The 90-day test of the largest auto maker's new system will include 22 dealers in northern Virginia, southern Maryland and Washington and will start May 1. The Detroit auto maker, which announced last month that Autobytel.
BUSINESS
July 19, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
Autobytel.com Inc. launches a new advertising campaign today, with the Irvine Internet car-buying service depending heavily on good-old television. Autobytel.com, which was the first Internet company to buy TV time during a Super Bowl (in 1997), has allocated about a third of the new campaign's $15-million budget to television and print.
BUSINESS
November 30, 2000 | Dow Jones
Autobytel.com Inc. said German tire company Continental AG has agreed to become an investor in some of the online car-shopping service's European units. The companies also plan to develop an online service that would allow consumers to research and shop for tires, Irvine-based Autobytel said in a press release. Under the arrangement, Continental will become a shareholder in the Autobytel Europe and Autobytel Sweden units as well as become the lead partner in forming Autobytel Germany.
BUSINESS
September 16, 2000 | Dow Jones
Autobytel.com Inc. said Friday that it expects third-quarter and annual earnings per share to be slightly better than analysts' expectations. The Irvine online automotive broker said in a news release that it expects 65%-70% revenue growth for both the third quarter and the year. At the end of the year, it expects its cash balance to be $80 million to $85 million. Last year, Autobytel lost $23.3 million, or $1.48 a share, on revenue of $40.3 million.
BUSINESS
March 17, 2000
Autobytel.com Inc. founder Pete Ellis plans to sell up to 18% of his holdings in the Irvine Internet auto shopping service, according to a series of documents filed this year with federal regulators. The company's stock has fallen 79% from its 52-week high of $41.88, reached nearly a year ago. The stock closed Thursday at $9 a share, down $1.06 from Wednesday's close.
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