Roger Penske

Penske sticks with luxury with N.J. buy

12:01 am U.S. ET | Nov. 23, 2015

Penske Automotive Group has made another strategic acquisition, staying with premium luxury franchises, by buying New Jersey's Schneider Nelson Auto Group. The purchase covers stores selling Audi, Porsche, Jaguar and Land Rover....
Read More »

Penske buys N.J.-based dealership group

10:46 am U.S. ET | Nov. 17, 2015

Penske Automotive Group Inc. has bought the Schneider Nelson Auto Group in a deal expected to generate annual revenue of about $175 million....
Read More »

Penske reports a 17% rise in Q3 profits, eyes Europe deals

8:00 am U.S. ET | Oct. 29, 2015

Penske Automotive Group reported third-quarter net income rose 17 percent on higher vehicle sales and strong revenue from finance and insurance, and service and parts operations. The company ended the quarter with about $800 million in liquidity and Chairman Roger Penske hinted at further dealership acquisitions coming in Europe this quarter or in the first quarter....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

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....
Read More »

Automotive News Cover
Special Video Report
GM's Barra: Tapping into ideas from Silicon Valley

GM's Barra: Tapping into ideas from Silicon Valley

General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon...
» Watch the Video
News by Brand