UnitedAuto Group, Inc., a Fortune 500 automotive specialty retailer, announced Nov. 7 that Chairman Roger Penske will be participating in a panel discussion to investment analysts at the Merrill Lynch Automotive Idea Summit to be held in New Orleans, La.

The panel discussion titled, "Distribution: Rediscovering The Dealer," is scheduled to occur from 5:20 p.m. until 7:10 p.m. Eastern Standard Time on Thursday, Nov. 8, 2001.

Merrill Lynch will simultaneously broadcast the audio portion of this presentation over the Internet. The simultaneous Webcast may be accessed through the UnitedAuto Group Web site at www.unitedauto.com. UnitedAuto's Web site will contain a link to the webcast.

UnitedAuto Group recommends accessing the Webcast 15-20 minutes prior to the scheduled start time. To listen to the Webcast, participants will need a computer with speakers and Real Player or Windows Media Player software, which will be available to download from the Merrill Lynch website.

The panel discussion may also be accessed via the Merrill Lynch Web link at events.mlresearchmedia.com/ml/Automotive2001.

About UnitedAuto Group

UnitedAuto, which says it has pursued a strategy based on internal growth from its existing dealerships as well as from strategic acquisitions, operates 125 franchises in 19 states, Puerto Rico and Brazil.

UnitedAuto dealerships sell new and used vehicles, and market a line of after-market automotive products and services.

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