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CarsDirect Targets Former Chrysler, GM Dealers

socalTECH

El Segundo-based CarsDirect , the online automotive shopping and information site owned by Internet Brands, said Thursday that the firm will offer free online used car inventory listings to the unfortunate Chrysler and General Motors franchise dealers who were recently terminated by those auto brands. READ MORE>>.

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NXCR, J.D. Power In Strategic Alliance

socalTECH

Power's data solutions, vehicle valuations, and "consumer insights" into NXCR's vehicle subscription service. Scott Painter was the founder of TrueCar, CarsDirect, and Fair.com. Financial details of the strategic alliance were not annouced. NXCR will use J.D. NXCR quitely raised $30M in funding back in February.

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Pingo Solar Aiming Comparison Shopping Tool At Solar Consumers

socalTECH

A new, Los Angeles startup, Pingo Solar --backed by technology veterans Jerry Slavonia, Kang Ahn, and others--said it is about to launch a new service to provide more transparency to the solar industry.

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Zag Gets Investment From USAA

socalTECH

Los Angeles-based Zag , the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA , USAA disclosed Thursday. According to USAA, it is taking an equity position in Zag, which is also providing the firm with its car buying services. READ MORE>>.

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Zag: "Strongest Sales So far This Year"

socalTECH

Santa Monica-based Zag.com , the online automobile buying service headed by Scott Painter, is reporting today that it had what is calls its "strongest sales so far this year" in June. Painter was previously CEO of CarsDirect, and is now involved with such firms as TrueCar and SharesPost. READ MORE>>.

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NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team

socalTECH

NextCar (NXCR) is focused on providing vehicle subscriptions to consumers.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. A location based service which incorporates social and gaming elements. They raised around $350 million to try and sell cars direct over the Internet. It’s awesome. Foursquare. -A

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