It is simply a catalog and plays a role in communication. Since last spring, iMotors has set up delivery centers in major cities in 17 states, including New York, Los Angeles and Chicago. He said the company builds mark-up work into the total price of the car, then looks for cars that need the least amount of work. This way, iMotors makes a positive gross margin on every car sold. However, the company is not yet generating a profit due to costs of hiring staff and expanding operations.
Investors are faithful, nonetheless.
Maytag's Ward to rev up business On Monday Lloyd Ward left his post as chief executive officer of Maytag Corp. to take the wheel at iMotors as CEO and chairman. IMotors founder Adam Simms will stay on as president. Erlichman said the company is not planning to make an initial public offering any time soon due to unfavorable market conditions. Global Retail Partners, Oak Investment Partners, Trinity Ventures, Vulcan Ventures. This is a complicated business.