Cars Direct: That's One Slick Showroom

It's about to get megabucks in private money

Even for folks who claim no longer to be surprised by the huge sums of money pouring into fledgling Net outfits, this will be an eye-opener. Within a few weeks, CarsDirect.com, a car-retailing site, plans to announce a private financing that CEO Scott Painter says will reach "several hundred million" dollars.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.