FORT LAUDERDALE, Fla., May 31 /PRNewswire-FirstCall/ --
AutoNation, Inc. (NYSE: AN), America's largest retailer of both new and used
vehicles, today announced it has appointed Deloitte & Touche LLP as the
Company's independent public accountant for the fiscal year ending December
31, 2002.
The appointment was made in light of the ongoing and well-publicized
challenges facing Arthur Andersen LLP, the Company's previous independent
public accountant.
"We have enjoyed a good relationship with our Arthur Andersen team," said
Mike Jackson, AutoNation's Chief Executive Officer. "However, the business
and legal challenges that have led to the firm's uncertain future are what
prompted us to act on behalf of shareholders. Our selection of Deloitte &
Touche serves shareholders by ensuring confidence in our public financial
statements will continue. We're looking forward to working closely with
Deloitte & Touche's talented team."
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's
largest retailer of new and used vehicles. Ranked #101 on the 2002 Fortune
500, AutoNation employs approximately 30,000 people and owns and operates 373
new vehicle franchises in 17 states. For additional information, please visit
www.AutoNation.com, where more than 100,000 new and used vehicles are
available for sale.
SOURCE AutoNation, Inc.
05/31/2002
CONTACT:
Oscar Suris of AutoNation, Inc., +1-954-769-3576, or [email protected]