Penske Automotive Group

GM headquarters wrapped up for GMC during 'Monday Night Football'

2:40 pm U.S. ET | Sept. 5, 2014
The signature element of Detroit's skyline -- GM's Renaissance Center headquarters -- is adorned with a massive GMC advertising wrap for the Detroit Lions' upcoming appearance on ESPN's “Monday Night Football” broadcast....
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Penske adds Spain to its overseas roster

12:01 am U.S. ET | Aug. 4, 2014
Fresh off the heels of a joint venture in Barcelona, Spain, Penske Automotive Group Inc. will continue to expand with acquisitions in the United States and elsewhere. "We want to expand globally where we have human capital and people to build these businesses," Chairman Roger Penske told Automotive News....
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Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales....
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Penske store tests no-haggle pricing

12:01 am U.S. ET | June 2, 2014
Penske Automotive Group Inc. has begun no-haggle pricing at a Toyota dealership near Phoenix on new and used vehicles, trade-ins and finance and insurance products. It is unclear whether any of Penske's 242 other stores will adopt the approach, but Michael Faul, general manager of Toyota of Surprise in Surprise, Ariz., is a fan....
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Public retailers want to take the wheel on leads

12:01 am U.S. ET | April 28, 2014
Public dealership groups are moving to improve their own online lead development and reduce reliance on third-party lead providers....
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Penske posts record continuing-operations income in Q1

7:33 am U.S. ET | April 24, 2014
Penske Automotive Group reported the highest quarterly income from continuing operations in the company's history....
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Penske to open 7th U.S. Porsche store

12:34 pm U.S. ET | Feb. 28, 2014
Penske Automotive Group signed a letter of intent to open its seventh Porsche dealership in the United States. The store is scheduled to open in Davie, Florida, in the second quarter of 2015....
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Penske reports record net income for Q4 and year

11:47 am U.S. ET | Feb. 13, 2014
Penske Automotive Group reported its highest fourth-quarter and full-year net income in company history, driven by higher retail sales and cost controls. For the fourth quarter, Penske's net income rose 21 percent to $59.7 million, as revenue increased 15 percent to $3.86 billion....
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Dealer acquisition spend doubles in first 3 quarters

12:01 am U.S. ET | Dec. 30, 2013
Acquisition spending on U.S. dealerships by public retailers more than doubled during the first three quarters of 2013 from the same period in 2012....
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Penske product-specialist plan stems from Apple concept

12:01 am U.S. ET | Nov. 11, 2013
Penske Automotive Group Inc. is testing the use of product specialists in one of its stores in hopes of increasing sales and improving customer satisfaction....
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