(April 4, 2014) SANTA MONICA, Calif. — TrueCar, the negotiation-free car buying platform, has announced that John Krafcik, former Hyundai Motor America President and CEO, has been named to TrueCar's board of directors.
Krafcik, who led Hyundai to record sales and boosted the automaker's U.S. market share by more than 50 percent during his five-year (2008-2013) tenure, will join as director and also serve as a member of the board's operating committee. This news comes on the heels of TrueCar's recent announcement that it raised $30 million of funding from Paul Allen's Vulcan Capital.