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|UnitedAuto Announces Executive Appointment - Scott B. Vaughan Named VP - Manufacturer Relations|
|DETROIT, MI, November 21, 2001 - UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE 500 automotive specialty retailer, today announced a new executive appointment.
Scott B. Vaughan has joined UnitedAuto as Vice President - Manufacturer Relations. Mr. Vaughan will report to Chairman Roger Penske and President Sam DiFeo, Jr. Vaughan's appointment reinforces UnitedAuto's commitment to excellent manufacturer relations. He will be responsible for the Porsche, Volkswagen, Audi and Hyundai brands.
Prior to joining UnitedAuto, Vaughan held positions at Detroit Diesel Corporation (DDC). They included various sales positions in the marine, on-highway and automotive businesses, as well as positions of Vice President for Automotive and Marine Sales. Vaughan, who attended Arizona State University, lives in suburban Detroit, is married and has two children.
Commenting on the latest addition to the UnitedAuto Brand Management team, Roger Penske said, "Scott brings exceptional insight of the OEM and dealer relationship. With DDC, Scott developed an in-depth understanding of the needs of the OEM and dealers, alike. We expect Scott to add valuable focus to his assigned brands with his well-developed skills."
UnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 125 franchises in 19 states, Puerto Rico and Brazil. UnitedAuto dealerships sell new and used vehicles, and market a complete line of after-market automotive products and services.
Statements in this press release may include forward-looking statements. These forward-looking statements should be evaluated together with additional information about UnitedAuto's business, markets, conditions and other uncertainties which are contained in UnitedAuto's filings with the Securities and Exchange Commission and which are incorporated into this press release by reference.