July 30, 1999 |
Continuing its strategy of expanding beyond vehicle transactions, Irvine-based Autobytel.com Inc. said it will acquire W.G. Nichols, publisher of the Chilton series of auto repair manuals, for $17.5 million in cash and stock. Autobytel.com, one of the largest automotive e-commerce firms, also said it lost $6 million in the second quarter, nearly double its $3.1-million loss for the same period last year. Revenue for the quarter rose 70%, to $9.2 million from $5.4 million.