Goldman Sachs to invest in China auto Web site

Newswire

SHANGHAI, Aug 25 (Reuters) - Chinacars Inc, a local auto Web site operator, said on Friday it has secured a $25 million investment from a group of investors led by Goldman Sachs . Granite Global Ventures, a U.S. venture capital firm that already has an investment in Chinacars, also injected some additional funds, the Chinese firm said in a statement published on its Web site. It did not provide further details. Chinacars, which is controlled by Wanxiang Group, the country's top car parts ...

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