/ Hyundai, Industry, News / US: former Hyundai CEO becomes auto web company president

US: former Hyundai CEO becomes auto web company president

Linked In Share
US: former Hyundai CEO becomes auto web company president

John Krafcik was best known for being Hyundai America’s President and CEO, but after the automaker and the executive parted ways in December, he is now President of TrueCar – and automotive data and sales website.

Although it’s been four months since he left his job at Hyundai, Krafcik remained a constant source of speculations – as the executive led the South Korean automaker through a period of rapid boom on the US market – the world’s second biggest.

“John Krafcik not only has a deep understanding of the automotive industry, but he also knows how to run an organization at scale – and the timing is right for him to join our team,” said Scott Painter, TrueCar’s founder and CEO, adding that Krafcik “brings additional credibility to our commitment to making automotive retailers our partners.”

TrueCar is an Internet business model, which besides offering car buyers vehicle data and prices also provides insight information into what other clients pay to acquire a new car. The company has a network of partnerships with at least 7,500 new car franchises and independent dealers in all of the American states.

“TrueCar is hard at work with our retailer partners, building a bridge of trust with consumers,” noted Krafcik. “I am thrilled to be joining the team and driving this transformation further, in ways that serve consumers, retailers and the industry in new and exciting ways.”

The automotive-based privately held TrueCar also announced plans to enter an initial public offering – IPO – last month, aiming to gather at least $125 million to further expand the company.

by Aurel Niculescu (my Google+) - Monday, May 5th, 2014 - filed under Hyundai, Industry, News. Image credit: .
Linked In Share
Related Articles
former ceo president us


Discuss: US: former Hyundai CEO becomes auto web company president

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 Geneva Motor Show LIVE: Porsche 911 GT3 RS
2015 Geneva Motor Show LIVE: Porsche 911 GT3 RSThe highly anticipated Porsche 911 GT3 RS has made its world debut recently during the 2015 Geneva Motor Show. After it was ...
2015 Geneva Motor Show LIVE: Hyundai Tucson
2015 Geneva Motor Show LIVE: Hyundai TucsonThe South Korean automaker has officially introduced to the public the all-new Tucson compact SUV at the 2015G motor show, ...
2015 Geneva Motor Show LIVE: Ferrari 488 GTB
2015 Geneva Motor Show LIVE: Ferrari 488 GTBThe world premiere of the brand new Ferrari 488 GTB has been made recently during the 2015 Geneva Motor Show. Ferrari has ...
2015 Geneva Motor Show LIVE: Audi Q7 e-tron
2015 Geneva Motor Show LIVE: Audi Q7 e-tronAudi has pulled the wraps off the Q7 e-tron in its new generation as this will go on sale next spring on its local home ...
2015 Geneva Motor Show LIVE: Volkswagen Passat Alltrack
2015 Geneva Motor Show LIVE: Volkswagen Passat AlltrackFollowing the recent online debut, the German automaker has unveiled the more rugged Passat Alltrack variant in front of the ...
2015 Geneva Motor Show LIVE: Bentley Continental GT Speed
2015 Geneva Motor Show LIVE: Bentley Continental GT SpeedThe British marquee owned by Germany’s VW AG has presented the entire range of Continental GT after its recent facelift – but ...
2015 Geneva Motor Show LIVE: 2015 Hyundai i40
2015 Geneva Motor Show LIVE: 2015 Hyundai i40The facelifted version of the midsized i40 range that debuted back last December has been officially introduced in its Euro-spec ...
2015 Geneva Motor Show LIVE: Volkswagen Touran
2015 Geneva Motor Show LIVE: Volkswagen TouranThe German automaker, the largest in Europe and the second biggest in the world, has officially introduced in front of the ...
2015 Geneva Motor Show LIVE: nanoFlowcell Quantino
2015 Geneva Motor Show LIVE: nanoFlowcell QuantinoWhile you might have never heard of the nanoFlowcell company unless you were a big fan of Geneva motor show exotic appearances, ...
2015 Geneva Motor Show LIVE: nanoFlowcell QUANT F
2015 Geneva Motor Show LIVE: nanoFlowcell QUANT FJust like we told you, the Geneva motor show is not only home to all major global automakers but also a great venue for the ...
2015 Geneva Motor Show LIVE: Volkswagen Sport Coupe Concept GTE
2015 Geneva Motor Show LIVE: Volkswagen Sport Coupe Concept GTEThe newest creation to be signed by Volkswagen is called the Sport Coupe Concept GTE and this has been officially presented at ...
2015 Geneva Motor Show LIVE: Seat 20v20 concept
2015 Geneva Motor Show LIVE: Seat 20v20 conceptAfter teasers and rumors, the Spanish brand Seat has unveiled in a world premiere the 20V20 concept during the 2015 edition of ...
2015 Geneva Motor Show LIVE: 2016 Skoda Superb
2015 Geneva Motor Show LIVE: 2016 Skoda SuperbSkoda’s flagship model, the Superb, has received a completely new generation as this has made its world debut at the 2015 ...
2015 Geneva Motor Show LIVE: Opel Karl
2015 Geneva Motor Show LIVE: Opel KarlThe anticipated Karl entry-level subcompact model has made its official appearance during the 2015 edition of the Geneva motor ...
2015 Geneva Motor Show LIVE: Bugatti Veyron Grand Sport Vitesse La Finale
2015 Geneva Motor Show LIVE: Bugatti Veyron Grand Sport Vitesse La FinaleThe end of an era in which the Bugatti Veyron used to be the coolest hypercar money can buy has come as the company has presented ...
Read more automotive news


2015 Geneva Motor Show Coverage

Porsche 911 GT3 RS Live Geneva 2015 00
Hyundai Tucson Live Geneva 2015 00
Ferrari 488 GTB Live Geneva 2015 00
Audi Q7 eTron Quattro Live Geneva 2015 01
VW Passat Alltrack Live Geneva 2015 00
Bentley GT Speed Live Geneva 2015 01
Hyundai i40 Live Geneva 2015 00
Vw Touran Live Geneva 2015 00
Quantino Live Geneva 2015 00
Quant F Live Geneva 2015 00
vw sportcoupe concept gte Live Geneva 2015 00
Seat 20V20 Live Geneva 2015 00

More automotive from inautonews
The highly anticipated Porsche 911 GT3 RS has made its world debut recently during the 2015 Geneva Motor Show. After it was spied a few times, the brand new Porsche 911 GT3 RS is finally here and it is on display at the 2015 Geneva Motor Show. The newest sports car in the German based ...
read more
Inautonews Editors Section
Geneva Motor Show 2015 – the full car guide
Geneva Motor Show 2015 – the full car guideIt can only get bigger and better. The 85th International Motor Show in Geneva will finally make its “carsy” debut on the 3rd of March. The show ...
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – Serenity
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – SerenityFord has been battling losses for years in its Ford of Europe business, but judging by the model lineup of the second largest US automaker you would ...
Test Drive: Renault Megane GT Line Energy 1.2 TCe
Test Drive: Renault Megane GT Line Energy 1.2 TCe Besides the Megane GT Line diesel, tested here, Renault is also offering a petrol version of the model which is using the 1.2-liter turbo. But is ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Dodge Durango and Jeep Grand Cherokee for fuel pump problemsFiat Chrysler Automobiles (FCA) has announced a recall covering the Dodge Durango and Jeep Grand ... Recall roundup: Cadillac ATS and Chevrolet Impala for two separate issuesThe NHTSA has added two recalls from General Motors for the Cadillac ATS and the Chevrolet Impala ...
Safety Section