Because of an editing error, an article on Page 8 of the March 5 issue of Automotive News misstated the status of Trilogy Inc.
Trilogy Inc., of Austin, Texas, still is in business.
Trilogy, a privately held software company that was founded in 1989, has grown to about 1,300 employees and had sales of about $300 million in 1999, according to Hoover's Online, an Internet business information service.
Trilogy does not release its financial results, but last week a spokesman said the company is profitable and has no debt on its balance sheet. He said Trilogy's clients include Ford Motor Co., Toyota Motor Sales U.S.A. Inc. and Renault SA.
The story that contained the error was about Trilogy Inc.'s decision to shut its CarOrder Inc. subsidiary.
CarOrder was started in 1999 to sell cars through a national Web site, using a network of car dealerships as distribution points.
Trilogy had invested $125 million in CarOrder. But CarOrder closed its Web site in August 2000.
CarOrder was attempting to reinvent itself as a car dealership when the decision was made to close CarOrder, effective Feb. 26.