Business Services Industry
Republic Industries to Buy Two San Jose, Calif.-Area Auto Dealerships.
Knight Ridder/Tribune Business News, January, 1999 by Nauman, Matt
Knight Ridder/Tribune Business News
Jan. 8 -- Two of the biggest names among Silicon Valley auto dealers -- Lucas and Smythe -- are selling some of their franchises, further evidence that the era of the family-run car business is fading away.
Smythe European, a Mercedes-Benz dealership, and Smythe Volvo, both on Stevens Creek Boulevard, have been sold to Republic Industries, the Wayne Huizenga-owned, Florida-based conglomerate that also runs the AutoNation U.S.A. used-car super-store chain and some rental car companies.
The sales must get routine approval from the manufacturers. Republic expects to take ownership by the end of March.
Republic's first move in Silicon Valley came last year when it bought out seven stores owned by John...
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