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Judge Rules In Favor Of Republic Industries, Inc. In Dispute With Nissan Motor Corporation

Feb. 03, 1999

FORT LAUDERDALE, Fla., Feb. 3 /PRNewswire/ -- A federal judge in Los Angeles today affirmed Republic Industries, Inc.'s (NYSE: RII) right to acquire Nissan Motor vehicle franchises in the U.S., rejecting arguments by the auto maker that Republic's ability to do so had been limited by an alleged oral agreement.

In 1997 in a federal court in Los Angeles, Nissan Motor Corp. alleged that it had a binding oral agreement between it and Republic that limited the auto retailer's ability to acquire Nissan franchises on a national and regional basis.

The judge's ruling affirms Republic Industries' right to pursue the acquisition of other Nissan franchises as allowed under franchise laws available today on a state-by-state basis. To date, Republic Industries owns the rights to 19 Nissan and 6 Infiniti franchises in nine states.

Republic Industries, Inc. is the world's largest automotive retailer, with more than 380 new vehicle franchises in 20 states and 43 AutoNation USA used vehicle megastores in 13 states. Republic also owns and operates National Car Rental Systems, Inc., Alamo Rent A Car, Inc. and CarTemps USA. Additionally, the Company owns 63.9 percent of Republic Services, Inc. (NYSE: RSG), one of the leading providers of non-hazardous waste collection and disposal services in the United States.,/p> SOURCE Republic Industries, Inc.

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