GM Looking to eBay to Rev Up Auto Sales
Fresh from bankruptcy, GM gears up to solidify online auto sales at eBay Motors, though details remain sketchy.
InternetNews.com By Michelle Megna
Can eBay help save General Motors?
That's the question being asked after comments by GM CEO Frederick Henderson suggested that the U.S. auto giant is working with eBay to enable customers to buy new cars online.
After GM emerged from bankruptcy protection Friday, Henderson said teaming up to offer cars on eBay Motors would help make auto purchasing more convenient.
"We're also working on new ways to make car buying more convenient for our customers, including an innovative new partnership with eBay in California to revolutionize how people buy vehicles online," Henderson said in a statement.
But eBay (NASDAQ: EBAY) responded on Friday with a statement saying no deal has been finalized, though today the online marketplace company is sounding less surprised and more positive about the GM statement.
"At this time, discussions are underway but not finalized with General Motors. We hope to support GM's new company and vision going forward," an eBay spokesperson today told InternetNews.com. "We are excited about a potential new adventure that supports GM's dealers by expanding on how they already reach consumers through new approaches."
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