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Penske Auto Centers Discontinues Operations

TROY, Mich., April 6 -- Penske Auto Centers, LLC (``PAC''), announced today that it has discontinued operations of all of its automotive service centers. The company, which purchased the automotive service business from Kmart Corporation in November 1995, had operated at 563 Kmart locations in 44 states.

Jim Wheat, President and CEO of PAC said, ``Our team is focused on assuring an orderly transition for all of our constituents including customers and employees. Importantly, wherever possible we will try to provide our employees with opportunities for positions within the Penske family of companies.'' Mr. Wheat will continue in his current position as PAC operations wind down.

A toll-free number, (800) 889-5458, has been established for customers who have questions regarding the past or future service of their vehicles.