Asbury Automotive “announced the entry of a court order directing CDK Global LLC to provide data for four Asbury dealerships to Tekion Corp. as part of a pilot program initiated by Asbury at the dealerships. The court’s order followed the filing of a lawsuit by Asbury in the Superior Court of Gwinnett County, Georgia. Prior to the entry of the order, CDK had refused to transfer the dealerships’ data to Tekion, which competes with CDK in providing Dealership Management System – DMS – services to automotive dealerships. DMS services are used by automotive dealerships to manage their day-to-day business activities.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABG:
- Morgan Stanley says sell GM in auto ratings shakeup on China ‘butterfly effect’
- Morgan Stanley less bearish on auto dealers, upgrades Asbury Automotive
- Asbury Automotive upgraded to Equal Weight from Underweight at Morgan Stanley
- Asbury Automotive initiated with an Equal Weight at Stephens
- Asbury Automotive price target raised to $265 from $230 at JPMorgan
Questions or Comments about the article? Write to editor@tipranks.com