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Federal Court Grants Republic's Motion To Dismiss Honda's Legal Challenge

29 September 1997

Federal Court Grants Republic's Motion To Dismiss Honda's Legal Challenge

    FORT LAUDERDALE, Fla., Sept. 29 -- The United States District
Court for the Central District of California today granted Republic
Industries' motion to dismiss a lawsuit brought by American Honda
Motor Co. that sought to limit Republic's ability to acquire Honda dealerships
in the United States.  The court also denied Honda's request for an injunction
that would have prevented Republic from acquiring additional Honda
dealerships.
    Reacting to the court's decision, Steven R. Berrard, President and Co-CEO
of Republic Industries, said, "We have long maintained that Honda dealers have
the right to sell their dealerships to Republic and that Republic has the
right to buy these dealerships.  We are obviously very pleased that the
federal court agrees."
    Republic Industries is the largest automotive retailer in the world.  The
company currently owns two Honda and two Acura dealerships, with six Honda
acquisitions pending.

SOURCE  Republic Industries, Inc.