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                                                                 EXHIBIT 10.3.15

 
                      NISSAN CONTIGUOUS MARKET OWNERSHIP
                      ----------------------------------
                     AREAS FORMATION AND LINKAGE AGREEMENT
                     -------------------------------------                   

This Nissan Contiguous Market Ownership Areas Formation and Linkage Agreement
(the "CMO Formation and Linkage Agreement") is entered into this 30th day of
JUNE, 1997, by and among Nissan Motor Corporation in U.S.A. ("Nissan"), and
FirstAmerica Automotive, Inc., ("FAA") concerning the commitments and
obligations of FAA and Nissan in respect to the acquisition and formation of
Contiguous Market Ownership Areas ("CMO") in the San Francisco Bay Area,
specifically, the "Peninsula CMO", the "South Bay CMO", the "East Bay CMO" and
the "East Shore CMO".

                                   RECITALS
                                   --------     

WHEREAS, Nissan has developed a distribution network plan that seeks to create
CMOs in the San Francisco Bay Area (the Peninsula CMO, South Bay CMO, East Bay
CMO, and East Shore CMO);

WHEREAS, Nissan recognizes this new distribution plan is to be implemented over
time with consideration of existing dealers' rights;

WHEREAS, FAA has approached Nissan with a request to acquire and develop these
CMOs;

WHEREAS, Nissan has advised FAA that Nissan would approve their acquisition of
individual dealers within the CMOs, provided FAA satisfies Nissan's requirements
for applicants; and Nissan has advised FAA that Nissan cannot make existing
dealers sell or otherwise transfer their dealerships to FAA;

WHEREAS, FAA acknowledges the rights of existing dealers, yet commits to use its
best good faith and reasonable efforts to acquire dealerships within the CMOs,
with an intent to form the complete San Francisco Bay Area CMO marketing
territories;

WHEREAS, FAA acknowledges that Nissan's business concept for the CMO envisioned
entering into one Nissan Dealer Sales and Service Agreement with one entity for
each CMO;

WHEREAS, FAA, desires affirm its commitment to implement Nissan's CMO concept in
each CMO;

WHEREAS, FAA will have dealer subsidiaries in operation in one or more of the
Bay Area CMOs, and FAA has committed to, and intends to continue to acquire
Nissan Dealers to complete the formation and operation of all San Francisco Bay
Area CMOs;

WHEREAS, Nissan and FAA have negotiated agreements to allow FAA's operation of
Bay Area CMOs, specifically, any CMO Holding Company Agreements, the Nissan
Dealer Term Sales and Service Agreements for each individual dealer entity, if
appropriate, and the relevant Nissan CMO Agreements for Bay Area CMOs;

WHEREAS, FAA and Nissan mutually agree and acknowledge that Nissan has placed
extraordinary trust in the qualifications, integrity, and ability of FAA and
Thomas A. Price; the
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parties mutually acknowledge that Nissan's agreement and intent to approve FAA
and Price as Contiguous Multiple CMO Operators ("CMCMO") is unique to FAA and
Price based upon Nissan's experience, relationship, and the commitments between
the parties; and, accordingly, that a prospective transferee of one or more of
the CMOs must have the same high qualifications, and, further, that even a
qualified CMO operator may not have the extraordinary qualifications necessary
to be approved as a CMCMO.

WHEREAS, FAA and Nissan desire to treat the San Francisco Bay Area CMOs as part
and parcel of a single market;

NOW, THEREFORE, in consideration of the agreements and mutual covenants set
forth herein, and other good and valuable consideration, the receipt and
sufficiency which is hereby acknowledged, the parties hereto agree as follows:

                                   AGREEMENT
                                   ---------
 
1.   THE CMO FORMATION AND LINKAGE AGREEMENT
     ---------------------------------------

     FAA acknowledges that the San Francisco Bay Area market is a single
     metropolitan market area which has been divided by Nissan into four CMOs
     (Peninsula, South Bay, East Bay, and East Shore CMOs) for promotion and
     marketing purposes. FAA agrees to use its best efforts to acquire all
     Nissan dealership operations within the four CMO areas. Nissan and FAA
     acknowledge that this will be a process that must occur over time, and that
     Nissan cannot take any action adverse to current dealers in order to, or in
     an effort to, require them to sell or transfer their dealerships to FAA.
     Should FAA be successful in acquiring Nissan dealerships within the four
     CMOs in the San Francisco Bay Area, Nissan agrees to approve that
     acquisition, provided that FAA continues to possess the generally applied
     qualifications necessary to become an Authorized Nissan Dealer.


     Nissan and FAA acknowledge that each CMO, though a part of the San
     Francisco Bay Market Area, has been designed to be sufficient to achieve
     the benefits of a CMO as an independent entity. Nevertheless, as a
     practical matter, and consistent with its intent as originally
     communicated, Nissan intends, and FAA agrees, that Nissan will treat these
     wholly-owned subsidiary dealer corporations, and their related Nissan
     Dealer Term Sales and Service Agreements, the Nissan Contiguous Market
     Ownership Agreements, and any relevant Nissan CMO Holding Company
     Agreement, as part and parcel of the single marketing entity in the San
     Francisco Bay Area market. Consistent with the CMO concept reflected in the
     CMO Agreements for the constituent CMOs, FAA agrees that it will exercise
     its control and ownership of each CMO in ways consistent with this
     agreement and will not take any actions or allow its subsidiaries in the
     San Francisco Bay Area CMOs to take any action inconsistent with the intent
     of this Agreement.

2.   CMO FORMATION AND LINKAGE AGREEMENT TERM
     ----------------------------------------

     This Agreement shall be in effect while FAA, or any subsidiary dealer
     entity, is operating as an Authorized Nissan Dealer within a CMO in the San
     Francisco Bay Area, unless amended
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by the parties. Termination of all Nissan dealer activities owned or controlled
by FAA will constitute termination this CMO Formation and Linkage Agreement with
no further notice or act required by any party.

3.   TRANSFERS
     ---------

          In view of Nissan's distribution plan and the efforts and resources
          that Nissan has expended in order to establish the San Francisco Bay
          Area CMOs, if FAA proposes or attempts to sell or otherwise transfer
          of any one of the four San Francisco Bay Area CMOs, or those
          dealership assets necessary for the conduct of appropriate and
          effective CMO Operations, without Nissan's consent, Nissan in its
          reasonable discretion, may require that FAA, or any subsidiary entity,
          sell, transfer or terminate, one, all, or any combination thereof, of
          the CMOs in the San Francisco Bay Area, to a proposed buyer acceptable
          to Nissan. 

          Further, Nissan reserves the right, that, should FAA desire
          to transfer two or more of the San Francisco Bay Area CMOs, then
          Nissan, in its sole discretion, may require FAA to transfer to an
          entity possessing the same, unusually high qualifications. Should
          Nissan, in its sole discretion, not consent to a transfer of two or
          more of the San Francisco Bay Area CMOs to a single entity, then
          Nissan may require FAA to transfer these CMOs, if at all, to separate
          CMO operators, acceptable to Nissan. 

          FAA acknowledges and agrees to identical Rights of First Refusal in
          the CMO interests that each individual dealer or dealer entity (on
          specific Dealership Assets and Dealership Facilities) as are contained
          the Dealer Agreements, as well as any Right of First Refusal contained
          in the individual CMO Agreements, as well as identical Option to
          Purchase provisions.

4.   DISPUTE RESOLUTION PROCESS
     --------------------------

     A.   EXCLUSIVE REMEDY
          ----------------

          The parties acknowledge that, at the state and federal levels, various
          courts and agencies would, in the absence of this Paragraph 4, be
          available to them to resolve claims or controversies which might arise
          between them. The parties agree that it is inconsistent with their
          relationship for either to use courts or governmental agencies to
          resolve such claims or controversies.

          THEREFORE, CONSISTENT WITH THE PROVISIONS OF THE UNITED STATES
          ARBITRATION ACT (9 U.S.C. (S)(S) 1 et seq.), NISSAN, FAA, IN ITS OWN
          RIGHT AND AS THE OWNER OF THE PENINSULA CMO DEALER(s) (CURRENTLY
          INCLUDING MARIN NISSAN AND SERRAMONTE NISSAN), THE EAST BAY CMO
          DEALERS (s) (CURRENTLY INCLUDING CONCORD NISSAN AND DUBLIN NISSAN) THE
          SOUTH BAY CMO DEALER(s) (CURRENTLY STEVENS CREEK) AND THE EAST SHORE
          CMO (CURRENTLY NO FAA DEALERS WITHIN THIS CMO), AGREE THAT THE DISPUTE
          RESOLUTION PROCESS OUTLINED IN THIS PARAGRAPH 4, WHICH INCLUDES
          BINDING ARBITRATION, SHALL BE THE EXCLUSIVE
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          MECHANISM FOR RESOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT
          OF OR RELATING IN ANY WAY TO THIS AGREEMENT OR TO THE RELATIONSHIP
          BETWEEN THE PARTIES, INCLUDING BUT NOT LIMITED TO CLAIMS UNDER ANY
          STATE OR FEDERAL STATUTES (hereinafter "Disputes").

          There are two steps in the Dispute Resolution Process: a) Mediation
          and b) Binding Arbitration. All Disputes must first be submitted to
          Mediation, unless that step is waived by written agreement of the
          parties. If Mediation does not resolve the Dispute to their mutual
          satisfaction, FAA or Nissan can submit the Dispute to Binding
          Arbitration.

     B.   MEDIATION
          ---------

          Any party to this Agreement can submit a Dispute to Mediation.
          Mediation is conducted by a panel consisting of a Nissan
          representative designated by Nissan, a FAA representative designated
          by FAA, and an independent professional mediator chosen by the
          parties' representatives. The Mediation Panel will evaluate each
          position and recommend a solution. This recommended solution is not
          binding.

     C.   BINDING ARBITRATION
          -------------------

          If a Dispute has not been resolved after Mediation, or if FAA and
          Nissan have agreed in writing to waive Mediation, the Dispute will be
          settled by Binding Arbitration in accordance with the procedures in
          the Commercial Arbitration Procedures of the American Arbitration
          Association, with the prevailing party to recover its costs and
          attorneys fees from the other party. All awards of the arbitration are
          binding and non-appealable except as otherwise provided in the United
          States Arbitration Act. Judgment upon any award rendered by the
          arbitrator(s) may be entered and enforced in any court having
          jurisdiction.

FirstAmerica Automotive, Inc.         Nissan Motor Corporation in U.S.A.



By: /s/ Thomas A. Price               By: /s/ Thomas H. Eastwood
    ---------------------                 --------------------------------------
     Thomas A. Price                       Thomas H. Eastwood, Vice President 
     President and CEO                     Nissan Division   


                                      By: /s/ Jules Calavadetscher     
                                          --------------------------------------
                                           Jules Clavadetscher                
                                           Regional Vice President