Yes. You just need to grind down the part that is holding the rivet in place. It goes through the hole, then was peened to hold it in place. I just hit it around there to get rid of the part that was knocked down to hold it in, and it slid right out.

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1987 300SDL 265,000 mi.
1982 300SD 325,000 mi. (and holding)
1956 Packard Clipper 150,000 mi.