BIZWATCH: Mar. 3, 1997

HE PLANNED IT. HE DID IT. MEET THE NEW KING OF CARS

H. Wayne Huizenga is driving in the passing lane. Since Jan. 1, the billionaire entrepreneur has gone from neophyte car man to the nation's biggest car retailer. His Republic Industries has bought up new- and used-car dealerships whose revenues totaled $2.7 billion last year. That will make Republic bigger than current numero uno Hendrick Automotive Group of Charlotte, North Carolina, with $2.3 billion, Automotive News reports. TIME first detailed Huizenga's plans for a dealership-acquisition binge in December. Then, Huizenga, 59, had little more than a blueprint and a shopping...

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