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|Five Winners Selected in UnitedAuto Group 2001 Scholarship Program|
|DETROIT, MI, Aug. 30, 2001--UnitedAuto Group, Inc. (NYSE: UAG), a FORTUNE 500 automotive specialty retailer, offers a Scholarship Program which is designed to recognize children of UnitedAuto employees who are outstanding high school seniors as demonstrated by their academic achievement and community service activities.|
To qualify for the scholarship, each student must carry a grade point average of 3.0 or higher, have above average ACT/SAT scores, and be an active member of his or her school/community.
UnitedAuto Group is pleased to recognize the five finalists who have been chosen to receive $2,000 academic scholarships in the Company's 2001 Scholarship Program:
Clint Cappiello - Clint's father is an employee at DiFeo Nissan inUnitedAuto, which has pursued a strategy based on internal growth from its existing dealerships, as well as from strategic acquisitions, operates 124 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.