TrueCar Inc. and Sonic Automotive Inc. reached a settlement in TrueCars lawsuit against Sonic. TrueCars suit filed nearly two years ago had contended that Sonic was committing trademark infringement by using the term True Price for a new pricing system. Sonic has agreed to transfer to TrueCar all rights to and use of its True Price, True View and all other True-related marks. Sonic also said it would lift its ban on using TrueCar at its dealerships.
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