- LOS ANGELES (08/02/00) -- Autoland, the oldestcredit union auto buying service, has raised $21 million in fundingto finance an expansion program aimed at more than doubling thecompany's size over the next two years. The funding was obtainedfrom Centre Partners Management, LLC, which will hold a minorityposition in Autoland. The funds will be used to hire additionalmanagement, purchase computer hardware, and design software. Itsaid it also plans to expand into affinity groups that are lookingfor value-added membership services. Autoland has 400 credit unionclients and sold more than 8,000 vehicles in 1999.
Processing Content
