EDS sells its auto services unit to ADP

Newswire

NEW YORK, March 18 (Reuters) - Electronic Data Systems Corp. said on Thursday it sold its automobile software and services unit to Automatic Data Processing Inc. , in order to focus on its main outsourcing business. EDS said the Troy, Michigan-based Automotive Retail Group has about 300 employees and annual sales of $30 million. It contributed less than 1 cent a share to its annual results. EDS had a net loss of $3.55 a share in 2004. ADP is the world's largest payroll and tax filling ...

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