LatAm Autos Ltd
(ASX:LAA) has signed a co-marketing agreement with eBay Mexico to release a new digital auto-classifieds product in Mexico.
LatAm Autos is an online auto classifieds platform which is publicly listed in Australia, and operates in six Latin American countries – including Mexico, Argentina and Ecuador.
The two companies have been developing a new product for automotive dealers which allows them to jointly promote across both the LatAm Autos and eBay Mexico platforms for an additional fee.
LatAm says the new product will be co-branded and use a revenue sharing agreement under this partnership. LatAm will receive most of this joint venture revenue.
LatAm posted a net loss of $6.6 million at 30 June 2016.
