TrueCar replaces CEO, lays off just about 1 / 4 of labor drive

BE desk

TrueCar replaces CEO, lays off just about 1 / 4 of labor drive

TrueCar Inc. is shedding a just about 1 / 4 of its paintings drive and appointed COO Jantoon Reigersman as its unused CEO to backup the suffering car listings corporate amid a restructuring.

The Santa Monica, Calif., corporate stated Wednesday that it’ll decrease 102 positions, or 24 % of its paintings drive. Reigersman, 41, replaces CEO Mike Darrow, 66, who additionally has left his board place.

Barbara Carbone, TrueCar’s incoming board chair, stated in a observation that restructuring would backup the corporate higher align its prices with earnings “and is designed to make TrueCar a nimbler, more efficient company.”

Next-gen 240 ton CAT electric haul truck gets to work in Colorado mine

With a massive, 240 ton payload and a host of new features, the first of…

Chinese JAC delivers 100 MD electric trucks to North America [video]

Chinese electric truck maker JAC has shipped 100 MD electric trucks (cab and chassis) from…

ALSET Auto’s expanding franchise business offers Tesla-like experience for EV protection and personalization

ALSET Auto doesn’t protect cars; it protects EVs. This year, the Tesla customization company expanded…