TrueCar’s revenue-sharing partnership with USAA represented about 29 percent of the vehicles sold by dealers to buyers who connect through the company’s marketplace.
Bob Brockman, who faces federal charges of tax evasion and wire fraud, also stepped down as chairman. President and COO Tommy Barras will take over as CEO.
Pickups remain popular, but General Motors dealers don’t have enough of them on their lots. The automaker wants to revive its historic Canadian plant to fix that.
VW poised to sign off on $3.7 billion Navistar deal, report says
The automaker’s board is scheduled to meet Saturday to approve the deal, Bloomberg reported. The move would give VW’s heavy truck unit the foothold in North America it lacks.