Carsdirect.com attracts big downpayment

Online car-seller Carsdirect.com said Monday that it had received $280 million in venture capital funding, bringing its total funding level to $310 million. The news, particularly when coupled with Ford Motor Co.'s announcement that it would test the online shopping waters through a deal with Priceline.com, adds momentum to already accelerating efforts to routinely buy and sell car over the Internet. Full story to follow. -- Margaret Kane, ZDNet News

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