Unites With to Create Full-Service Auto Finance Site

Share this content:, San Diego, an online auto loan provider, and, Dallas -- an online auto financing and shopping site owned by DaimlerChrysler Group -- recently formed an alliance to create a full-service automotive financing site.

The new entity, which will be known as inc., will provide consumers with PeopleFirst's loan origination and servicing capabilities as well as with's lending aggregation platform. will acquire all outstanding shares of from DaimlerChrysler for a 23 percent common stock equity in the company. The transaction is expected to close on Sept. 15.

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