Continuing to focus on mending its tattered balance sheet, Electronic Data Systems ( EDS) Thursday sold its automotive retail group to Automatic Data Processing ( ADP).

Terms of the deal weren't disclosed, but the sale comes less than a week after EDS unloaded another noncore business for $2.05 billion in cash. On Sunday the Plano, Texas, computer outsourcer agreed to deal its UGS PLM Solutions software arm to Bain Capital, Silver Lake Partners and Warburg Pincus.

"Our dealership customers will continue to have a partner with the right solution, long-term vision and ability to invest in the business, while EDS continues to sharpen its focus on the manufacturing industry's core outsourcing opportunities," said Darl Davidson, EDS' vice president of the U.S. manufacturing industry. "With ADP, our ARG customers will join a company that shares our culture of exemplary customer service and has a proven product development strategy."

EDS, under new leadership with CEO Michael Jordan at the helm, has said it wants to have no net debt by the end of 2004. This week's sales come as EDS struggles with a declining order book and a number of high-profile contracts, such as one with the Navy, that have failed to live up to expectations.

On Thursday, EDS slipped 33 cents to $19.25.

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