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CarsDirect Refreshes Website

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In the latest makeover of one of the original, Web-based automotive sites, Los Angeles-based CarsDirect has updated its website. CarsDirect is owned by Internet Brands, which recently went private in an acquisition by Hellman & Friedman. READ MORE>>.

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CarsDirect Launches Buying Outlook Feature

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Los Angeles-based CarsDirect has launched a new feature today, aimed at helping consumers figure out if it's a good time to buy a new car. CarsDirect said it is tapping its own database of vehicle buying and pricing data for the estimates. The new feature will also include a graph of recent pricing trends on models. READ MORE>>.

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CarsDirect Targets Former Chrysler, GM Dealers

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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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SharesPost Hooks Up With NASDAQ On Private Shares Market

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Brogger was at CarsDirect with Scott Painter, who heads up TrueCar. It's also a big win for Brogger, who started SharesPost to help angel investors, venture capital investors, and founders in private company find liquidity, in a market which had been starved for IPOs. SharesPost is now up in San Bruno. READ MORE>>.

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Zag Spins Out TrueCar

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Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

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Swagbucks Taps Shopzilla's Weinrot As COO

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Weinrot also previously has served at such companies as CarsDirect, DIsney Online, and BonusMail (MyPoints). Weinrot was previously Chief Marketing Officer and Divisional President for Shopzilla/Bizrate, where he had been for over 14 years.

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SharesPost Raising $3.3M

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Scott Painter is the CEO of TrueCar/Zag, and was also previously CEO of CarsDirect, and has been incubating a number of companies out of his Santa Monica-based BrightHouse incubator. No details on that funding have been announced by the company. SharesPost had originally been based in Santa Monica.