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Penske Auto Centers Names Bill McStay

17 November 1998

Bill McStay Named Senior Vice President of Marketing and Communications Of Penske Auto Centers

    TROY, Mich., Nov. 16 -- Jim Wheat, President/CEO of Penske
Auto Centers, Inc., today announced that Bill McStay has been named Senior
Vice President of Marketing and Communications.  McStay was with Pennzoil
Company for the past 34 years and most recently served as the Senior Vice
President of Marketing for Pennzoil and Jiffy Lube International.
    Wheat said, "Bill's first responsibility is to redefine and revitalize the
Penske Auto Center brand; what it stands for and where it's positioned in the
minds of vehicle maintainers.  At Pennzoil Company, he designed the marketing
plan for Gumout, Wolf's Head Oil, Pennzoil lubricants and for the past eight
years helped raise brand awareness of Jiffy Lube to 96% nationally."
    McStay said, "We have already developed strategic initiatives based on our
research and study of brand values and the positive image of Roger Penske.
Above all, our plan is to differentiate Penske Auto Centers from all others in
the automotive service category."
    Penske Auto Centers, Inc. operates approximately 800 retail automotive
service centers at Kmart locations throughout the U.S. and provides the
highest quality auto care and maintenance service for its customers.
    Penske Corporation is a closely-held, diversified transportation services
company which conducts its business through a number of wholly- or partially-
owned companies.  Those companies include Detroit Diesel Corporation, Penske
Truck Leasing Company, Diesel Technology Company, Penske Automotive Group,
Inc., Penske Auto Centers, Inc., Penske Capital Partners and Penske
Motorsports, Inc.  Penske Corporation manages businesses with annual revenues
exceeding $6 billion and employs more than 28,000 people around the world.