USA: Autobytel.com and Continental in global strategic transaction
Autobytel.com, the automotive e-commerce company, and Continental AG, the tyre and automotive systems manufacturer, announced (29/11/00) that they have entered into a strategic relationship. Under the agreement, Continental will invest in Autobytel companies, making the company a shareholder in Autobytel Europe and Autobytel Sweden. In addition, Continental expects to enter into a development contract with Autobytel and also become the lead partner in the formation of Autobytel Germany. The companies' plans include creating an e-commerce tyre module for the websites, allowing consumers to research and shop for all makes of tyres online.
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