Penske Logistics Earns Ford's Gold-Level World Excellence Award

READING, Pa., April 28, 2008 - Penske Logistics announced it is the recipient of Ford Motor Company's 2007 World Excellence Award and was among an elite group of suppliers to achieve a Gold Level award. Penske received the award for outstanding logistics services. The Ford Motor Company recently recognized its 47 top global suppliers for their work in helping Ford develop high quality, lower cost vehicles that customers want.

First distributed in 1998, the World Excellence Awards were jointly developed by Ford and its suppliers. There are three levels of awards: Gold, Silver and Recognition of Achievement. Gold awards are presented to Ford's top production and non-production suppliers that consistently demonstrate superior quality, delivery and cost performance.

"We are sincerely honored to receive this award," said Penske Logistics President Vince Hartnett. "This is a true accomplishment that we share with all of our associates serving Ford around the globe. Their efforts to drive value, quality, measurable results, and their dedication to excellence have made this award possible."

"This marks the tenth year we have honored world-class suppliers for extraordinary contributions that directly impact Ford's ability to deliver high quality vehicles and customer satisfaction," said Tony Brown, Group Vice President, Global Purchasing for Ford. "This commitment to excellence is coming through in the latest quality data, which show Ford's initial quality in North America is now equal to the best in the industry. These successes belong not just to Ford, but our suppliers as well."

"It is a pleasure to recognize the technical excellence of our supplier partners," said Ford President and CEO Alan Mulally. "As we work to deliver the products and services people really want and value, we are more fully integrating our suppliers into our processes. It is by working together that we will be able to deliver profitable growth for all involved with the Ford enterprise."

Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international freight forwarding and carrier management. Visit www.PenskeLogistics.com to learn more.

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 245,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.