Roger Penske

Penske reports strong 2nd quarter, expands its online sales pilot

12:01 am U.S. ET | Aug. 3, 2015

Penske Automotive Group reported big gains in second-quarter net income on rising unit sales and a solid performance in all business segments. It also said it is expanding its online sales initiative....
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Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015

Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments....
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Why Hall-of-Famer Penske did not succeed Iacocca

12:01 am U.S. ET | July 27, 2015

Roger Penske, who was inducted into the Automotive Hall of Fame last week, nearly replaced Lee Iacocca as chairman of Chrysler Corp. in 1991. But it became clear to Penske that Iacocca did not plan to retire anytime soon. Iacocca has his own version of the story....
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The Big 3

12:01 am U.S. ET | July 27, 2015

Auto industry titan and racing mogul Roger Penske, right, was inducted into the Automotive Hall of Fame last week, along with longtime Ferrari boss Luca di Montezemolo, left, and Ratan Tata, chairman emeritus of India's Tata Sons Ltd....
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Industry leaders to join Automotive Hall of Fame

12:01 am U.S. ET | June 22, 2015

The 2015 Automotive Hall of Fame inductees are Elwood Haynes (1857-1925), who co-founded Haynes-Apperson Automobile Co. (1898-1925); Luca di Montezemolo, 67, former chairman of Ferrari S.p.A.; Roger Penske, 78, founder of Penske Corp.; and Ratan Tata, 77, founder of Tata Sons, the holding company for Tata Group and its subsidiaries, including Tata Motors....
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2015 Automotive Hall of Fame inductees named

2:46 pm U.S. ET | June 12, 2015

The Automotive Hall of Fame will induct four industry leaders at its 2015 ceremony in Detroit on Thursday, July 23....
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Penske seeks $1 billion for truck parts unit, report says

3:38 pm U.S. ET | May 15, 2015

Roger Penske's holding company is exploring a sale of Truck-Lite in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, people familiar with the matter told Reuters....
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Penske Automotive reports 23% gain in Q4 net income

10:20 am U.S. ET | Feb. 11, 2015

Strong year-end vehicle sales, gains in service and parts gross margins and investments in US commercial vehicle businesses pushed Penske Automotive Group to a 23 percent gain in net income during the fourth quarter....
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Penske Automotive pushes further into commercial vehicles

1:12 pm U.S. ET | Feb. 10, 2015

Penske Automotive Group is putting its attention and investment dollars deeper into the commercial vehicle business. The company announced today its US-based commercial-vehicle dealership business will be called Penske Commercial Vehicles, US....
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Penske Automotive eyes more growth overseas, retail truck stores

10:04 am U.S. ET | Oct. 29, 2014

Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. Penske said today it agreed to raise its stake in The Around The Clock Freightliner Group, a “heavy-duty retail truck dealership group” in Texas, Oklahoma and New Mexico. Penske said such businesses are attractive because they provide strong revenue with lower costs....
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Penske testifies Detroit, like GM, will be cleansed by bankruptcy

1:19 pm U.S. ET | Oct. 3, 2014

Detroit can benefit from a trip through bankruptcy, just as GM used court protection to turn itself around, Roger Penske on Friday told the judge weighing whether to approve the city's $7 billion debt-cutting proposal....
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Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014

Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets....
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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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