Roger Penske

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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Hendrick will receive award from Crain

12:01 am U.S. ET | Oct. 21, 2013
Auto dealer and race team owner Rick Hendrick will receive the 2014 Keith Crain/Automotive News Lifetime Achievement Award on Jan. 22 at the 2014 Washington Auto Show....
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A HOT STORE BIDDING WAR

With M&A picking up, private groups slug it out with the publics

12:01 am U.S. ET | Aug. 26, 2013
As dealership buy-sells heat up, large privately held dealership groups are bidding aggressively against the large public groups, even for the largest deals....
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Penske to acquire commercial vehicle distributor in Australia for $200 million

4:16 pm U.S. ET | July 29, 2013
Penske Automotive Group plans to acquire commercial vehicle distributor Western Star Trucks Australia from Transpacific Industries Group for about $200 million ($219 million Australian) in the third quarter....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
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