Form 10-K
     

PART II

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

CONSOLIDATED INCOME STATEMENTS
For the Years Ended December 31,
(In millions, except per share data)



                                                                      2000              1999              1998
                                                                ---------------   ---------------   ---------------
                                                                                           
REVENUE .....................................................    $  20,609.6       $  20,111.8       $  12,664.6
COST OF OPERATIONS ..........................................       17,577.1          17,183.2          10,733.0
                                                                 -----------       -----------       -----------
GROSS MARGIN ................................................        3,032.5           2,928.6           1,931.6
SELLING, GENERAL AND ADMINISTRATIVE
  EXPENSES ..................................................        2,177.7           2,279.4           1,388.3
DEPRECIATION ................................................           54.7              60.1              40.3
AMORTIZATION ................................................           79.1              62.9              39.6
ASSET IMPAIRMENT CHARGES (RECOVERIES), NET ..................           (3.8)            416.4                --
                                                                 ------------      -----------       ------------
OPERATING INCOME ............................................          724.8             109.8             463.4
FLOORPLAN INTEREST EXPENSE ..................................         (199.8)           (125.2)           (107.0)
OTHER INTEREST EXPENSE ......................................          (47.7)            (34.9)            (14.0)
INTEREST INCOME .............................................           14.3              20.6               8.7
OTHER INCOME, NET ...........................................           33.4               2.2               1.5
                                                                 ------------      ------------      ------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
  BEFORE INCOME TAXES .......................................          525.0             (27.5)            352.6
PROVISION FOR INCOME TAXES ..................................          196.9               4.0             126.8
                                                                 ------------      ------------      ------------
INCOME (LOSS) FROM CONTINUING OPERATIONS ....................          328.1             (31.5)            225.8
                                                                 ------------      ------------      ------------
DISCONTINUED OPERATIONS:
  Income (loss) from discontinued operations, net of income
   taxes ....................................................           13.1             (30.6)            262.1
  Gain (loss) on disposal of segments, net of income taxes of
   $(1.4), $516.9 and $8.4, respectively ....................          (11.3)            345.0              11.6
                                                                 ------------      ------------      ------------
                                                                         1.8             314.4             273.7
                                                                 ------------      ------------      ------------
NET INCOME ..................................................    $     329.9       $     282.9       $     499.5
                                                                 ============      ============      ============
BASIC EARNINGS (LOSS) PER SHARE:
  Continuing operations .....................................    $      0.91       $      (.07)      $        .50
  Discontinued operations ...................................             --               .73                .60
                                                                 ------------     -------------      ------------
  Net income ................................................    $      0.91       $       .66       $       1.10
                                                                 ============     =============      ============
  Weighted average common shares outstanding ................          361.3             429.8              455.1
                                                                 ============     =============      ============
DILUTED EARNINGS (LOSS) PER SHARE:
  Continuing operations .....................................    $      0.91       $      (.07)      $        .48
  Discontinued operations ...................................             --               .73                .58
                                                                 ------------     -------------      ------------
  Net income ................................................    $      0.91       $       .66       $       1.06
                                                                 ============     =============      ============
  Weighted average common shares outstanding ................          361.4             429.8              470.9
                                                                 ============     =============      ============


    The accompanying notes are an integral part of these statements.