Grandma's unsold cars jumpstart a US$1b online business in Germany
London
IN the summer of 2012, Christian Bertermann was a frustrated young man trying to get rid of two old cars that belonged to his grandmother.
Mr Bertermann, 31, an Internet specialist in Berlin, had recently quit his job at Groupon Inc, and along with fellow entrepreneur Hakan Koc wanted to set up his own company. Spurred by Mr Bertermann's inability to find a dealership to both value and sell the vehicles, the men created an online business to fill the gap.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ford’s Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair
Tata Motors Q4 profit jumps over three-fold
China’s Zeekr prices US IPO at top of range to raise US$441 million
BA-owner IAG projects strong summer after solid first quarter
Honda sees full-year profit rising 2.8%
Porsche to open S$100 million ‘experiential centre’ in Changi by 2027