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AutoNation, Inc. and Nissan North America Reach Agreement

21 May 1999

AutoNation, Inc. and Nissan North America Reach Agreement

    FORT LAUDERDALE, Fla., May 20 -- AutoNation, Inc.
and Nissan North America, Inc. announced today that they have signed a
framework agreement providing the basis for a direct business relationship
with AutoNation, including terms for acquisition and ownership of Nissan and
Infiniti automotive dealerships.  The agreement also resolves the pending
litigation in California between the two parties, while allowing AutoNation to
co-brand its Nissan dealerships with the AutoNation brand.  Specific terms of
the agreement are confidential.
    Jed Connelly, Vice President, General Manager of the Nissan Division of
Nissan North America, issued the following statement:  "We have reached an
agreement with AutoNation on the eve of the launch of the exciting new Maxima,
Frontier Crew Cab, Desert Runner and category busting Xterra SUV.  We are
optimistic this will strengthen our relationship and serve as a foundation for
a productive and prosperous association between AutoNation, Nissan North
America and Nissan owners."
    Steven R. Berrard, Co-Chief Executive Officer of AutoNation, Inc. said:
"This agreement ensures we will continue to have a strong relationship with
Nissan, one that allows for more of our dealerships to serve customers who
enjoy the complete line-up of new Nissan cars and light trucks.  With this
agreement, our Nissan and Infiniti authorized automotive dealerships will
continue to be among the finest in the country."
    AutoNation, Inc. is the world's largest automotive retailer with more than
380 franchised automotive dealerships in 20 states and 45 AutoNation USA used
vehicle megastores in 13 states.  The Company also owns Alamo Rent-A-Car,
Inc., National Car Rental System, Inc. and CarTemps USA, which collectively
have vehicle rental operations nationwide and in more than 65 countries.
AutoNation is a Fortune 100 company.  For more information, visit the
Company's web site at http://www.autonation.com .