Penske Corp.Penske raises dividend 7% 3:52 pm U.S. ET | May 10, 2013  Penske Automotive Group increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today.... Read More »
Penske Q1 net income jumps 23% on higher new- and used-vehicle sales 11:14 am U.S. ET | April 29, 2013  Stronger new- and used-vehicle sales for Penske Automotive Group pushed up net income 23 percent in the first quarter on an 8 percent rise in revenue from the year-earlier period, the company said today.... Read More »
Penske bumps up stock dividend 7.7 percent 3:30 pm U.S. ET | Jan. 29, 2013  Publicly traded auto retailer Penske Automotive Group today announced that its board approved a cash dividend of 14 cents per share for the fourth quarter of 2012 -- a boost of 7.7 percent over the previous dividend.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS M&A opportunities abound as industry strengthens, Penske says 9:11 pm U.S. ET | Jan. 15, 2013  Publicly-owned automotive retailers with the financial muscle to buy new stores now have the perfect opportunity to do so, both in the United States and abroad. That's what Roger Penske, 75, told industry leaders in his keynote address at the Automotive News World Congress Tuesday evening.... Read More »
Penske gets his first NASCAR Sprint Cup title as team owner 3:05 pm U.S. ET | Nov. 19, 2012  Brad Keselowski won his first NASCAR Sprint Cup title on Sunday -- along with Roger Penske's first cup title as a team owner -- with a 15th place finish in the final race of the year at Homestead-Miami Speedway in Florida. Penske, CEO of Penske Automotive Group and the most successful team owner in Indy-car racing history, has been trying to win a NASCAR championship as an owner since 1972.... Read More »
Penske hikes quarterly cash dividend 8.3% on strong vehicle sales 4:14 pm U.S. ET | Oct. 19, 2012 Penske Automotive Group increased its quarterly cash dividend by 8.3 percent to 13 cents per share for the third quarter, the company said in a statement.... Read More »
Penske buys Hertz locations in Memphis; broader plan possible 4:22 pm U.S. ET | Sept. 6, 2012  Penske Automotive Group, the nation’s second-largest dealership group, has signed an agreement with Hertz to become the sole franchise operator of Hertz rental locations in the Memphis, Tenn., market -- a relationship Hertz says may expand to other markets.... Read More »
A. Gordon Clark, retired trucking executive, dies at 90 2:12 pm U.S. ET | Sept. 5, 2012 Longtime truck manufacturing executive A. Gordon Clark, who played major sales roles at Freightliner and Detroit Diesel in the 1980s and 1990s, died Sept. 2. He was 90.... Read More »
Dodge, without partner Penske Racing, exits NASCAR 12:34 pm U.S. ET | Aug. 7, 2012  Chrysler's Dodge brand is withdrawing from NASCAR stock-car racing at the end of the 2012 season, following a decision earlier this year by partner Penske Racing to switch to Ford from Dodge in 2013.... Read More »
Penske Automotive takes wait-and-see approach on more stores with Fisker 5:23 pm U.S. ET | June 8, 2012  Luxury plug-in hybrid maker Fisker Automotive has opened a new dealership with Penske Automotive Group in Scottsdale, Ariz., but consumers will dictate whether the companies open more stores together.... Read More »
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 Toyota's Lentz: 'It's really a three-horse race'Toyota's Jim Lentz believes the Camry will extend is 11-year reign as the best-selling car in the United... Mon., May 20» Watch the Video |
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