Penske Logistics Honored by General Motors as a 2000 Supplier of the Year

    READING, Pa., May 8 Vincent Hartnett, president, Penske
Logistics, accepted the 2000 Worldwide Supplier of the Year award from General
Motors Corporation on April 28, 2001 during ceremonies at the historic Warner
Theatre in Washington, D.C.  The prestigious award, celebrating its ninth
consecutive year, is given annually to GM's best global suppliers in
recognition of their superior performance during the previous calendar year.
    "Penske represents the best of the best and has set an example during the
past year for other companies to follow," said Bo Andersson, executive in
charge, GM Worldwide Purchasing.  "They serve as a role model and it is an
honor to work with a company so committed to supporting our priorities for
quality, launch and a balance between current and future business."
    "It is an honor to be recognized as one of GM's most valued suppliers and
we are thrilled to receive this award for the second consecutive year," said
Hartnett.  "Through our partnership with GM, Penske Logistics has the
opportunity to use our information systems and quality processes to full
advantage, as we continually work together to improve supply chain management
for this valued customer."
    The GM Supplier of the Year award began as a global program in 1992.
Award winners are selected by a global team of executives from purchasing,
engineering, manufacturing and logistics who base their decisions on supplier
performance in quality, service, technology and price.  This year, General
Motors honored 165 suppliers from 19 countries for their excellence throughout
2000.
    A wholly-owned subsidiary of Penske Truck Leasing, Penske Logistics
provides integrated logistics services through 220 locations in the United
States, Canada and Mexico.  Penske Logistics Europe provides pan-European
logistics solutions.  Cotia Penske Logistics Ltda., a joint venture between
Penske Logistics and Cotia Trading, offers supply chain management services in
South America.
    Headquartered in Reading, Pa., Penske Truck Leasing is a joint venture of
Penske Corporation and GE Capital.  A global transportation services provider,
the company operates approximately 208,000 heavy-, medium-, and light-duty
trucks and serves customers from more than 700 locations in the United States,
Canada and Mexico.  Product lines include full-service leasing, contract
maintenance, and commercial and consumer rental.  Penske Truck Leasing's
annual revenues are approximately US $3.4 billion.

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