Reynolds, Web firm team up
DAYTON, Ohio - Reynolds and Reynolds Co. said it will form a business partnership with e-fin LLC, an online loan processor, and become a major shareholder. Terms were not disclosed.
E-fin, of Hickory, N.C., processes financing for franchised and independent dealers. The dealers submit credit applications through a sales kiosk or Web site, then select one or more lenders to receive the information. Financial institutions respond within minutes, e-fin says. Deals are tracked online, providing information about turnaround time.
Reynolds said more than 250 U.S. dealers use e-fin to process loans for prime and subprime customers.
Mark Brown, general manager of e-business at Rey-nolds' Automotive Group, said e-fin would be a boon to dealers who process loans.
ATLANTA - Autotrader.com has attracted the Internet venture-capital firm Kleiner Perkins Caulfield & Byers as a shareholder. Terms were not disclosed.
Kleiner Perkins, of Menlo Park, Calif., will gain a seat on the Autotrader.com board of directors. Other Autotrader.com investors are Cox Enterprises Inc., Manheim Auctions Inc., Automatic Data Processing Inc. and Landmark Communications Inc.
Autotrader.com offers online classified ads.
Kleiner Perkins has invested in some of the best-known Internet and computer companies in recent years, including America Online Inc., Netscape Communications Corp. and Amazon.com Inc.
DEALER CHOOSES CHROME
PORTLAND, Ore. - Chrome Data Corp. said it has supplied its Web Carbook pricing and vehicle configuration product to eNISSAN.com, a Web site operated by Charles Schuss, a Nissan dealer in Thousand Oaks, Calif.
The Carbook technology is used to build a dealer site that has the look and feel of a manufacturer's site. The eNISSAN.com site allows Web shoppers to 'build' cars online with options, get pricing, trade in their existing cars and apply for financing, Schuss said.
After the purchase, eNISSAN.com promises to deliver the vehicle to the customer anywhere in Southern California.
CULVER CITY, Calif. - CarsDirect.com, the Web shopping service backed by Michael Dell of Dell Computer Corp., announced a three-year deal to sponsor the CarsDirect.com 400 Winston Cup race at the Las Vegas Motor Speedway. The first NASCAR race is scheduled for March 5. Terms were not disclosed.