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12/22/1999UnitedAuto Group Announces Stock Repurchase Program
DETROIT, MI, DECEMBER 22, 1999 - UnitedAuto Group, Inc. (NYSE: UAG) announced today that its Board of Directors has authorized the repurchase of up to 10% of the total outstanding stock of the Company. Shares may be acquired from time to time over a two-year period either through open market purchases, negotiated transactions, or other means based upon market conditions. "We believe the repurchase of our own shares will enable us to take advantage of an attractive investment opportunity give... 
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10/26/1999UnitedAuto Reports For Third Quarter 1999; Net Income Increases 13% to $9.3 Million, or Earnings Per Fully Diluted Share of $0.32 on 21% Revenue Increase of $1.09 Billion; Same-store Dealership Retail Revenues Increase $127 Million, or 17.9% and Retail Gr
Net Income Increases 13% to $9.3 Million, or Earnings Per Fully Diluted Share of $0.32 on 21% Revenue Increase of $1.09 BillionSame-store Dealership Retail Revenues Increase $127 Million, or 17.9% and Retail Gross Profit Increases 12.9% Versus the Prior Year NEW YORK, NY, OCTOBER 26, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly-traded automotive retailer, today announced results for the quarter which ended September 30, 1999.Third quarter revenues increase... 
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10/25/1999UnitedAuto Board Announces Executive Appointment; R. Whitfield Ramonat Named Senior Vice President - Manufacturer Relations
DETROIT, MI, OCTOBER 25, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, today announced a new executive appointment. R. Whitfield "Whit" Ramonat has joined UnitedAuto as Senior Vice President - Manufacturer Relations. Mr. Ramonat will report to UnitedAuto President Sam DiFeo, and will work with Bernie Wolfe and Phil Hartz to continue to develop the Company's focus on excellent manufacturer relations. In commenting on the appoint... 
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09/10/1999UnitedAuto Expands Presence in Arizona and Tennessee Markets; Adds Honda to Phoenix Hub and Ford to Memphis Hub
NEW YORK, NEW YORK, SEPTEMBER 10, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly-traded automobile retailer, announced today the addition of two dealerships to its existing Phoenix and Memphis Hubs. The Honda and Ford acquisitions bring the number of franchises operated by the company to 105. In the Phoenix area, UnitedAuto has acquired Honda of Tempe in Tempe, Arizona. Honda of Tempe has joined UnitedAuto as part of UnitedAuto Group's Western Region. UnitedA... 
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08/06/1999UnitedAuto Board Announces Executive Appointments; Michael A. Duff Named Executive Vice President - General Counsel and Assistant Secretary; Paul F. Walters Named Executive Vice President - Human Resources; Phillip M. Hartz Named Senior Vice President - D
DETROIT, MI, AUGUST 6, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, today announced three executive appointments. Michael A. Duff, Esq., has been named as Executive Vice President, General Counsel and Assistant Secretary. Mr. Duff will be responsible for all corporate legal activities, while further serving as a member of the Company's leadership team. Most recently, Mr. Duff was Assistant General Counsel for Penske Truck Leasin... 
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08/06/1999Standard & Poors Ratings on UnitedAuto Group, Inc. Affirmed; Removed From Creditwatch
DETROIT, MI, AUGUST 6, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer announced today that Standard and Poors affirmed its single "B" + plus corporate credit and single "B" - minus subordinated debt ratings on UnitedAuto Group, Inc. on August 4, 1999. The ratings were removed from CreditWatch, where they were placed April 1, 1999, with "developing" implications. Standard & Poors also noted that "the outlook is stable." According to... 
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08/04/1999UnitedAuto Announces Agreements to Expand Relationships and Enhance Customer Service with General Motors, American Honda and Toyota
DETROIT, MI, AUGUST 4, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, announced today that it had completed agreements with General Motors, American Honda and Toyota, giving UAG new capability to expand its relationships with them and enhance customer service. These agreements establish frameworks for mutually beneficial long-term relationships with these companies. Roger S. Penske, Chairman, stated, "Our strategy is to engage the OE... 
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08/03/1999UnitedAuto Announces $1.0 Billion Financing Arrangement With Chrysler Financial Company
DETROIT, MI, AUGUST 3, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, today announced that it had arranged $1.0 billion of financing with Chrysler Financial Company, L.L.C., a wholly owned subsidiary of DaimlerChrysler. The arrangement provides for a six-year, $250 million Credit Facility, which will be used for acquisitions and working capital, and a six-year, $750 million Floorplan Facility to be used for new and used vehicle invent... 
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08/03/1999UnitedAuto Shareholders Approve $49.5 Million Second Installment of $83 Million Penske Capital Investment; Donald J. Hofmann and Eustace W. Mita Appointed to Board of Directors
DETROIT, MI, AUGUST 3, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, announced today that Penske Capital Partners had funded the $49.5 million second installment of the $83.0 million in new capital. The Company received the investment following shareholder approval at the Company's Annual Shareholder Meeting. Penske Capital Partners was issued approximately 4.6 million additional shares of Preferred Stock, which are convertible into ... 
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07/26/1999UnitedAuto Reports Results for Second Quarter 1999; Company Reports Net Income of $8.6 Million, or Earnings Per Fully Diluted Share of $0.35, on Revenues of $1.04 Billion; Same-store Dealership Revenues Increase 8.1% and Gross Profit Increases 10.0%, Vers
Company Reports Net Income of $8.6 Million, or Earnings Per Fully Diluted Share of $0.35, on Revenues of $1.04 BillionSame-store Dealership Revenues Increase 8.1% and Gross Profit Increases 10.0%, Versus the Prior Year NEW YORK, NY, JULY 26, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly-traded automotive retailer, today announced results for the quarter ended June 30, 1999.Second quarter revenues increased 16.4% to $1.04 billion versus $896.4 million in the c... 
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05/18/1999UnitedAuto Expands Presence in San Diego; Colonial Ford Joins UnitedAuto Group-West
NEW YORK, NY, MAY 18, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly-traded automotive retailer, today confirmed the completion of the acquisition of San Diego-based Colonial Ford, Inc. Terms of the transaction were not disclosed. Colonial Ford, which will be renamed National City Ford, will join UnitedAuto as part of UnitedAuto Group-West, Inc. UnitedAuto Group-West operates three dealerships in the San Diego market, including Kearny Mesa Dodge/Mazda, Ke... 
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05/03/1999UnitedAuto Receives $33.5 Million First Installment of $83 Million Investment from Penske Capital Partners; Roger S. Penske Named Chairman, Succeeding Marshall S. Cogan; James A. Hislop and Richard J. Peters Appointed to Board of Directors
NEW YORK, NY, MAY 3, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, announced today that Penske Capital Partners, L.L.C. had completed the $33.5 million first installment of the $83.0 million in new capital funding obtained by UnitedAuto. Penske Capital Partners is an organization formed in 1997 to make investments in the transportation and transportation services industries. Under the terms of the agreement announced on April 12, 19... 
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04/22/1999Company Reports Income from Continuing Operations of $3.7 Million, or Earnings Per Diluted Share of $0.16, on Revenues of $904.7 Million; Same-store Dealership Retail Gross Profit Increases 13.3% Versus the Prior Year
Company Reports Income from Continuing Operations of $3.7 Million, or Earnings Per Diluted Share of $0.16, on Revenues of $904.7 Million Same-store Dealership Retail Gross Profit Increases 13.3% Versus the Prior Year NEW YORK, NY, APRIL 22, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, today announced results for the quarter ended March 31, 1999. First quarter revenues increased 27.1% to $904.7 million versus $711.7 million ... 
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04/12/1999UnitedAuto Enters into Agreement for $83.0 Million Investment From Penske Capital Partners; Roger S. Penske to Become Chairman and CEO, Succeeding Marshall S. Cogan; Penske Capital Partners Expected to Represent Majority of Board of Directors
NEW YORK, NY, APRIL 12, 1999 - UnitedAuto Group, Inc. (NYSE: UAG), the nation's second largest publicly traded automotive retailer, announced today that it has signed a definitive agreement to secure $83.0 million in new capital funding from Penske Capital Partners, L.L.C., an organization formed in 1997 to make investments in the transportation and transportation services industries. The investment will be made in two installments. After the completion of the first installment of approximate... 
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