DaimlerChrysler Services - debis - AG to launch giggo.com As an Independent Online Automotive Financial Services Enterprise.Business/Technology Editors & Automotive Writers DALLAS--(BUSINESS WIRE)--April 17, 2000 - Incubation incubation /in·cu·ba·tion/ (in?ku-ba´shun) 1. the provision of proper conditions for growth and development, as for bacterial or tissue cultures. 2. strategy to lead to IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of the Web's premier auto financing source - Venture capital investments to fund initial growth DaimlerChrysler Services (debis) AG will launch its giggo.com unit, the Web's premier automotive financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. enterprise, as an independent venture with plans to grow the business and eventually spin off in an IPO. This move highlights giggo.com as one of debis' key successes in Internet-based automotive financial services. This separation plan, which will involve third-party financial investments in giggo.com's expansion, will give giggo.com the flexibility to aggressively compete in a rapidly evolving market. "giggo.com has built up strong momentum. In order to take it to the next level, this company must be independent from our existing business lines", said Dr. Klaus Klaus is a German given name and surname. It originated as a short form of Nikolaus, a German form of the given name Nicholas. Notable persons whose family name is Klaus
Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased marketing and business development initiatives. He was instrumental in developing giggo.com's incubation strategy for DaimlerChrysler Services (debis) AG. giggo.com's executive management team will be reporting directly to Dr. Klaus Mangold. As an autonomous unit, giggo.com will be based in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . "Our vision is to make giggo.com the premier automotive financial services enterprise on the Web and the most powerful online automotive shopping resource for consumers." said Reed. "We are the only one-stop automotive services site that will put consumers in control of the entire shopping experience - from researching and comparison shopping to financing and insurance." giggo.com will be featuring an expanding array of services, including additional customer shopping information, more financing options, and insurance-related products. "Already we have assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. a powerful consumer offering which includes partnerships with the Web's highest quality companies such as Yahoo!, Go.com, Lending Tree, AutoNationDirect.com, Qspace.com, Intellichoice and several financial institutions. You will see this offering grow, while still providing the best customer support available in our industry," added Reed. About giggo.com giggo.com offers an online automotive financing site that is friendly, fast and easy to use. This innovative online service provides customers with comprehensive automotive information, an easy direct loan process and very competitive rates. giggo.com's dedicated team of customer consultants is available on- and off-line to assist customers with all their financing needs. giggo.com, based in Dallas, Texas, is a fully dedicated e-business division and a member of DaimlerChrysler Services (debis) AG, Berlin. giggo.com's automotive finance site can be accessed at www.giggo.com, or through the pages of GO.com and Yahoo! Finance at www.finance.yahoo.com. giggo.com is also the sole finance provider for AutoNationDirect.com (www.autonationdirect.com). |
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