Automotive technology giant CDK Global has agreed to pay $630 million to settle antitrust claims that it caused hundreds of software vendors to overpay for vehicle dealership data by restricting access. The proposed settlement, filed on Monday night in a federal court in Madison, Wisconsin, requires a judge’s approval. Austin, Texas-based CDK, owned by Brookfield Business Partners, sells software platforms auto dealers use to run their daily sales, financing and service operations.Read More
Auto tech firm CDK reaches $630 million settlement in US dealer data case
