Amazon does deals on wheels
It's car wars out there
It's all go in the online car selling business. While CarOrder.com shut its doors last week, not everyone agrees with the market's demise. Instead, Amazon is to launch an online car site later this week (in conjunction with Greenlight.com, of which Amazon owns five per cent) and top man Jeff Bezos went on about how "excited" he was. And Auctions.com is to be shut down by parent Classified Ventures - which have chosen to concentrate instead on its car site Cars.com. Funny old game.
lastminute.com has reappointed M&C Saatchi to handle its advertising account. A new advertising campaign will begin in the Autumn.
Drkoop.com has managed to find an investor at the eleventh hour. The online health site said at the end of April in was in dire need of funding but no one seemed to want to bite. However, a consortium of investors including Prime Ventures, JF Shea and RMC Capital have stumped up $20 million in cash to keep it afloat. The investment comes with the condition of a new management team however, led by three members of Prime Ventures.
Two top Swedish banks, SEB and Svenska Handelsbanken, will launch UK Internet banking operations before the end of the year. ®
For more cash related online action visit Cash Register.