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Group 1 Automotive and Pennzoil Team Up in Marketing Arrangement

25 June 1998

Group 1 Automotive and Pennzoil Team Up in Marketing Arrangement

    HOUSTON, June 24 -- Group 1 Automotive, Inc. , a
leading operator and consolidator in the automotive retailing industry,
announced today that it has signed a joint marketing arrangement with Pennzoil
Products Company.
    "We are delighted to team up with a quality partner like Pennzoil," stated
B.B. Hollingsworth Jr., Group 1's chairman, president and chief executive
officer.  "Consumers have made Pennzoil America's top-selling motor oil for
the past 12 years, and now it is the oil of choice for Group 1.  We are very
focused on expanding our service business, and this arrangement gives us
additional marketing strength and a cost advantage in the oil change segment
of our business."
    Clyde L. Beahm, Pennzoil's group vice president, marketing, said, "Group 1
has demonstrated that it is one of the premier operators in the automotive
retailing industry.  Group 1's commitment to quality customer service and the
impressive group of dealerships they operate are what attracted us to become
one of their strategic partners."
    Group 1 was founded to become a leading operator and consolidator in the
highly fragmented automotive retailing industry.  Upon completion of one
previously announced acquisition, Group 1 will own 60 dealership franchises
comprised of 24 different brands and 12 collision service centers located in
Texas, Oklahoma, New Mexico, Colorado, Florida and Georgia.  Through its
dealerships, the company sells new and used cars and light trucks, provides
maintenance and repair services, sells replacement parts and arranges related
financing, insurance and service contracts.
    Pennzoil Products Company is a wholly owned subsidiary of Houston-based
Pennzoil Company , and its motor oil has been America's
No. 1-selling brand for the last 12 years.
    Group 1 Automotive, Inc. can be reached on the Internet at
http://www.group1auto.com.