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12/28/2000UnitedAuto Increases Credit Agreement to $700 Million
Penske Corporation Invests $23 Million DETROIT, MI, December 28, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automotive retailer, announced today that it finalized its discussions to increase the revolving portion of its Credit Agreement by $130 million. This action represents the third increase in the capacity to the credit facility since the Company's original agreement was announced in October of 1999. Concurrently, Penske Corporation, the controlling shareholde... 
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12/20/2000UnitedAuto Sees Growth in Three Markets
Acquires Dealerships in Arizona, Arkansas and Michigan Detroit, MI, December 20, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, today announced dealership acquisitions in three key states. Continuing growth in the Arizona market, UnitedAuto has acquired the Volvo on Camelback dealership in Phoenix, Arizona. The dealership will become part of UAG's Western Region. Revenues from the dealership are expected to add approximately $42 million on an ann... 
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11/01/2000UnitedAuto Expands Operations in Connecticut
Adds Audi, Volkswagen, Mercedes-Benz and Porsche Dealerships in Fairfield Detroit, MI, November 1, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today it has acquired the Audi, Volkswagen, Mercedes-Benz and Porsche dealerships formerly owned by Continental Motors, Inc. in Fairfield, Connecticut. The addition of the Continental dealerships includes four franchises. The dealerships will be renamed Audi of Fairfield, Volkswagen of Fairfi... 
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10/24/2000UnitedAuto Announces Definitive Agreement to Acquire Assets of Mel Farr Imports, Inc. in Bloomfield Hills, Michigan
Detroit, MI, October 24, 2000 - United Auto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today that it has entered into a definitive agreement to acquire the assets of Mel Farr Imports, Inc. in Bloomfield Hills, Michigan. Mel Farr Imports operates new vehicle franchises for Toyota, Mazda and Volkswagen. The acquisition is subject to customary due diligence and closing conditions, including manufacturers' approval, and is expected to close in the fourth q... 
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10/19/2000UnitedAuto Reports Results For Third Quarter 2000; Net Income Increased 20.0% to $11.2 Million, or $0.40 Per Diluted Share, Versus $9.3 Million, or $0.32 Per Diluted Share, for the Comparable Period in 1999; Same Store Retail Revenues and Gross Profit Inc
Same Store Retail Revenues and Gross Profit Increased 6.2% and 6.3%, Respectively, Reflecting Increases in Vehicle Sales, F&I and Service and PartsDetroit, MI, October 19, 2000 - United Auto Group, Inc. (NYSE: UAG), a leading publicly-traded automotive retailer, today announced third quarter 2000 earnings. Net income in the quarter amounted to $11.2 million, or $0.40 per diluted share, which represents a 20.0% increase over the $9.3 million, or $0.32 per diluted share, reported in the third qua... 
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10/18/2000UnitedAuto Enters Metropolitan Detroit Market Adding Three Dealership Locations - Toyota in Centerline, and Pontiac-GMC and Cadillac in Warren
Company also Adds to Presence in Cleveland Market with the Addition of Honda of Mentor Detroit, MI, October 18, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today the addition of four new dealership locations in the Midwest. In the metropolitan Detroit area, UnitedAuto has acquired Rinke Toyota, which is located in Centerline, MI, as well as Rinke Pontiac-GMC and Rinke Cadillac in Warren, MI. Mr. Kevin Rinke will oversee the Rinke deal... 
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10/12/2000UnitedAuto Group To Host Conference Call With Release of Third Quarter Earnings
Call Also To Be Broadcast Live Over The Internet Detroit, MI, October 12, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), will host a conference call discussing financial results for its third quarter 2000 on Thursday, October 19th, at 10 am ET / 9 am CT / 8am MT / 7 am PT. The call will follow the release earlier that morning of third quarter earnings for UnitedAuto Group. HOW TO PARTICIPATE: Advanced registration is not required. Domestic, please call (888) 455-0047 International, p... 
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07/21/2000UnitedAuto Expands Operations in Texas and California Markets; Adds Two Honda and One Pontiac-GMC Dealership in Houston, and Buick-Pontiac-GMC Dealership at Cerritos Auto Square
Detroit, MI, July 21, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly- traded automobile retailer, announced today the addition of two Honda and one Pontiac-GMC dealerships in Houston, TX, and one Buick-Pontiac-GMC dealership in Cerritos, CA.In the Houston market, UnitedAuto has acquired Goodson Honda, and Goodson Pontiac-GMC, which are located in Houston, and Goodson Spring Branch Honda, which is located in West Houston. The dealerships will become part of UnitedAuto Group's Sout... 
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07/20/2000UnitedAuto Reports Results For Second Quarter 2000; Income Before Extraordinary Item Increased 28.4% to $11.1 Million, or $0.38 Per Share, Versus $8.6 Million, or $0.35 Per Share, for the Comparable Period in 1999; Same Store Retail Revenues and Gross Pro
Income Before Extraordinary Item Increased 28.4% to $11.1 Million, or $0.38 Per Share, Versus $8.6 Million, or $0.35 Per Share, for the Comparable Period in 1999Same Store Retail Revenues and Gross Profit Increased 4.5% and 6.2%, Respectively, Reflecting Increases in Vehicle Sales, F&I and Service and Parts.DETROIT, MI, July 20, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly traded automotive retailer, today announced second quarter earnings. Income before extraordinary item in t... 
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07/06/2000UnitedAuto Expands Operations in Puerto Rico, Adds Lexus Franchise
Detroit, MI, July 6, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today that it has acquired Lexus de Puerto Rico in San Juan, Puerto Rico from Toyota de Puerto Rico, Corporation; the dealership will be renamed Lexus de San Juan.Lexus de San Juan will operate beginning in mid-July out of new facilities on Kennedy Boulevard in San Juan, and will be the exclusive factory-authorized retailer for Lexus vehicles, Lexus warranty service, and Lexus... 
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06/27/2000Five Winners Selected In UnitedAuto Group Year 2000 Scholarship Program
Detroit, MI, June 27, 2000 - The UnitedAuto Group, Inc. (NYSE: UAG) Year 2000 Scholarship Program acknowledges children of UnitedAuto employees who are outstanding high school seniors as demonstrated by their academic achievement and community service activities. Five finalists have been chosen to receive $2,000 scholarships applicable to the college/university they plan to attend in the fall. UnitedAuto Group is pleased to recognize the following winners in this year's Scholarship Program: ... 
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06/08/2000UnitedAuto Expands Operations in Indianapolis, Indiana
Awarded Dodge Open Point in Zionsville, Purchases Dellen Oldsmobile and Dellen Lincoln-Mercury on East 96th Street Detroit, MI, June 8, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly- traded automobile retailer, announced today that it has been awarded a Dodge open point by DaimlerChrysler in Zionsville, Indiana, a suburb of Indianapolis. In addition, it has acquired Dellen Oldsmobile, and Dellen Lincoln-Mercury in Indianapolis, Indiana. Both the addition of Dodge in Zionsville... 
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05/31/2000UnitedAuto Group Completes Change of Control Offer for Notes
DETROIT, MI, May 31, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today that it has completed its change of control offer to purchase any and all of its outstanding Series A and Series B 11% Senior Subordinated Notes due 2007 (the "Notes"). The Bank of New York acted on behalf of UnitedAuto as agent for the tender offer. The price paid for the Notes purchased in the offer was 101% of the aggregate principal amount thereof, plus accrued and... 
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05/25/2000UnitedAuto Announces Executive Appointment; Crislyn A. Penske Named eBusiness Director
DETROIT, MI, MAY 25, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly traded automotive retailer, today announced a new executive appointment. Crislyn A. Penske has joined UnitedAuto as eBusiness Director. Ms. Penske will report to UnitedAuto President Sam DiFeo, and will focus on creating and implementing a strategy for UnitedAuto's online business to serve its customers coming through OEM websites, dealer websites, and third party independent sites. The creation of this positio... 
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05/16/2000UnitedAuto Group, Penske Automotive Group, CarsDirect.com Form Alliance For Vehicle Sourcing, Expedited Fulfillment; UnitedAuto Group and Penske Automotive Group to Take Equity Stake in Leading On-line Auto Provider; Roger Penske to Join CarsDirect.com Bo
DETROIT AND LOS ANGELES (May 16, 2000) -- UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, and Penske Automotive Group, Inc. today announced a strategic alliance with CarsDirect.com, a leading direct on-line automotive provider. In major parts of the United States, the alliance is expected to enhance the on-line based sale, distribution and service of vehicles by UnitedAuto and the Penske Automotive Group, which have combined annual revenues of over $5 billion.... 
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05/08/2000UnitedAuto Reports Record Results For First Quarter 2000; Net Income Increased 52.5% to $5.6 Million, or $0.19 Per Share, Versus $3.7 Million, or $0.16 Per Share, for the Comparable Period in 1999; Same Store Dealership Retail Revenues Increased 13.3% in
Net Income Increased 52.5% to $5.6 Million, or $0.19 Per Share, Versus $3.7 Million, or $0.16 Per Share, for the Comparable Period in 1999Same Store Dealership Retail Revenues Increased 13.3% in the Quarter Over the Comparable Period in 1999 Detroit, MI, May 8, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly traded automotive retailer, today announced a record first quarter 2000 net income of $5.6 million, which represents a 52.5% increase over the comparable prior year period. ... 
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04/19/2000UnitedAuto Group Commences Change of Control Offer for Notes
New York, NY, April 19, 2000 - UnitedAuto Group, Inc. (NYSE: UAG) announced today the commencement of a change of control offer to purchase any and all of its outstanding 11% Senior Subordinated Notes due 2007, and 11% Senior Subordinated Notes due 2007 (Series B). The Bank of New York is acting on behalf of UnitedAuto as agent for the change of control offer. The price to be paid for the Notes purchased in the offer will be 101% of the aggregate principal amount thereof plus accrued and unpa... 
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03/22/2000UnitedAuto Group Plans to Launch Change of Control Offer for Notes
NEW YORK, NEW YORK, March 22, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today that it plans to launch a change of control offer to purchase any and all of its outstanding Series A and Series B 11% Senior Subordinated Notes due 2007 (the "Notes") within the next 30 days. The Bank of New York will act on behalf of UnitedAuto as agent for the tender offer. The price to be paid for the Notes purchased in the offer will be 101% of the aggrega... 
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03/15/2000UnitedAuto Enters Suburban Charlotte - North Carolina Market
Acquires Lake Norman Ford in Huntersville, NC NEW YORK, NEW YORK, March 15, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today that it has acquired Lake Norman Ford, located in Huntersville, North Carolina. Lake Norman Ford has joined the Company as part of UnitedAuto Group's Southeast Region. According to Ken Hunt, Southeast Region President, the Company's entrance into Charlotte is significant. "Charlotte, generally recognized as the... 
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02/14/2000UnitedAuto Expands Presence in California and Arkansas Markets; Adds Mercedes-Benz in San Diego and Second Ford Dealership in Little Rock
NEW YORK, NEW YORK, February 14, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly-traded automobile retailer, announced today the addition of a Mercedes-Benz and Ford dealership in San Diego and Little Rock, respectively.In the San Diego market, UnitedAuto has acquired Mercedes Benz of San Diego, located in Kearny Mesa, CA. Mercedes Benz of San Diego has joined UnitedAuto as part of UnitedAuto Group's Western Region. Current operations in the San Diego market include Ford, Toyota,... 
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02/08/2000UnitedAuto Reports Results for Fourth Quarter and Full-Year 1999; Net Income for the Fourth Quarter Totaled $5.9 Million, or $0.19 Per Share, Versus a Loss of $18.3 Million, or $0.81 Per Share in the Comparable Prior Year Period; Net Income for 1999 Total
Net Income for the Fourth Quarter Totaled $5.9 Million, or $0.19 Per Share, Versus a Loss of $18.3 Million, or $0.81 Per Share in the Comparable Prior Year Period; Net Income for 1999 Totals $27.5 Million, or $1.04 Per Share on a Diluted BasisSame-Store Dealership Retail Revenues Increased 11.5% and 12.9% in the Quarter and Year, Respectively, Versus the Comparable Period in 1998 NEW YORK, NY, February 8, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), a leading publicly traded automotive retailer, ... 
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01/03/2000UnitedAuto Announces Executive Appointment; Kenneth W. Hunt Named Southeast Region President
DETROIT, MI, JANUARY 3, 2000 - UnitedAuto Group, Inc. (NYSE: UAG), today announced the appointment of Kenneth W. Hunt as President of its Southeast Region, effective February 1, 2000. Mr. Hunt will report to UnitedAuto President Sam DiFeo, and will be responsible for all UnitedAuto operations in the Southeast Region. Mr. Hunt was formerly General Manager of Longo Toyota in El Monte, California, a wholly owned subsidiary of Penske Automotive Group, Inc., and the world's largest Toyota dealers... 
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