TrueCar (TRUE) Gains on Renewed Relationship with AutoNation (AN)

(Updated - April 29, 2016 12:34 PM EDT)

TrueCar (NASDAQ: TRUE) gains following reports the company renewed its relationship with AutoNation (NYSE: AN), according to Automotive News.

AutoNation will start using TrueCar again at 55 of its dealerships starting Saturday as part of a test. Last year there was an AutoNation’s acrimonious breakup with TrueCar.

"We had a complete breach in the summer of 2015 on very substantive issues with no way forward,” AutoNation CEO Mike Jackson toldAutomotive News today. “We wouldn’t be sitting here speaking today if TrueCar hadn’t brought in a leader with the integrity and stature of Chip Perry."

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