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Autobytel CEO Lorimer resigns

LOS ANGELES — Less than a month after General Motors ended its joint venture with the online car-buying service Autobytel, CEO Mark Lorimer has resigned.

Autobytel said Lorimer left “to pursue other interests.” Lorimer could not be reached for comment. He was replaced by Vice Chairman Jeffrey Schwartz on Wednesday, Dec. 5.

Autobytel’s stock price has tumbled from a high of $40.25 in March 1999 to about $1.40. The dot-com has yet to turn a profit.

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