DETROIT, MI, September 13, 2002 - UnitedAuto Group, Inc. (NYSE:
UAG), a FORTUNE 500 automotive specialty retailer, announced today the
five regional winners for its 2002 Scholarship Program. UnitedAuto's scholarship
effort is designed to recognize children of UnitedAuto employees who are
outstanding high school seniors as demonstrated by their academic achievement
and community service activities.
The five finalists who will receive a $2,000 academic scholarship award
are Matthew Gilarmo (Boca Raton, Florida), Amber Mack (Indianapolis,
Indiana), Tamsyn Phillips (Gilbert, Arizona), Daniel Todd
(Howell, New Jersey), and Jonathan Wang (Sugar Land, Texas).
According to Paul Walters, Executive Vice President of Human Resources,
"We are pleased to support the academic goals of these outstanding
students through UnitedAuto's Scholarship Program, and we wish each winner
the best of luck in the years to come."
UnitedAuto, which has pursued a strategy based on internal growth from
its existing dealerships, as well as from strategic acquisitions, operates
128 franchises in the United States and 69 franchises internationally,
primarily in the United Kingdom. UnitedAuto dealerships sell new and used
vehicles, and market a complete line of after-market automotive products
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