2013 Press Releases

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12/11/2013Penske Automotive Expands Presence In Texas
Acquires Toyota and Hyundai Dealerships BLOOMFIELD HILLS, Mich., Dec. 11, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, has acquired the Frank Smith Toyota-Scion and Hyundai dealerships in Pharr, Texas.  These dealerships operate in the Rio Grande Valley area and serve the greater metropolitan area of McAllen, Texas, representing a new market area for the company.  The acquired dealerships complemen... 
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10/29/2013Penske Automotive Reports Third Quarter And Nine Months Results
Record Third Quarter Income from Continuing Operations and Earnings per Share Operating Margin Increases 30 Basis Points Earnings per Share from Continuing Operations Rises 21.7% to $0.73 Compared to Adjusted 2012 BLOOMFIELD HILLS, Mich. , Oct. 29, 2013 /PRNewswire/ -- Third Quarter 2013 Nine Months 2013 Reven... 
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10/23/2013Penske Automotive Increases Dividend 6.3%
Shareholders to Receive $0.17 per Share BLOOMFIELD HILLS, Mich., Oct. 23, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.17 per share for the third quarter of 2013.  The dividend is payable on December 2, 2013, to shareholders of record on November 11, 2013. (Logo: http://photos.prnewswire.com/prnh/20130530/MM23675LOGO ) Commenting on the div... 
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10/01/2013Penske Automotive Group To Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct. 1, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its third quarter financial results conference call as follows: (Logo: http://photos.prnewswire.com/prnh/20130530/MM23675LOGO) WHEN:      Tuesday, October 29, 2013 TIME:       2:00 p.m. Eastern Daylight Time PHONE:     United States, please ca... 
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08/30/2013Penske Automotive Completes Australian Commercial Vehicle Group Acquisition
BLOOMFIELD HILLS, Mich., Aug. 30, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that it has completed the acquisition of Western Star Trucks Australia Pty Ltd., a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia from Transpacific Industries Group Limited.  The business will continue to be managed by the existing management team. ... 
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07/31/2013Penske Automotive Reports Second Quarter and First-Half Results
Record Second Quarter Income from Continuing Operations and Earnings per Share Operating Margin Increases 40 Basis Points Earnings per Share from Continuing Operations Rises 26.8% to $0.71 BLOOMFIELD HILLS, Mich., July 31, 2013 /PRNewswire/ -- Second Quarter 2013 Six Months 2013 Revenue Increases 11.6% to $3.7 Billion       Same-store Retail Revenue Increases 11.5 %                   Income from Continuing Operations Incre... 
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07/28/2013Penske Automotive Signs Agreement To Acquire A Commercial Vehicle And Parts Distributor In Australia And New Zealand
BLOOMFIELD HILLS, Mich., July 28, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that it has signed an agreement to acquire a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia from Transpacific Industries Group Limited.  The business to be acquired, Western Star Trucks Australia, primarily distributes heavy and medium-duty trucks for ... 
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07/17/2013Penske Automotive Increases Dividend 7%
Shareholders to Receive $0.16 per Share BLOOMFIELD HILLS, Mich., July 17, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today announced that its Board of Directors has approved a cash dividend of $0.16 per share for the second quarter of 2013.  The dividend is payable on September 3, 2013, to shareholders of record on August 12, 2013. (Logo: http://photos.prnewswire.com/prnh/20130530/MM23675LOGO) "We are pleased to offer our shar... 
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07/16/2013Penske Automotive Group to Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 16, 2013 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, will host its second quarter financial results conference call as follows: (Logo:  http://photos.prnewswire.com/prnh/20130530/MM23675LOGO) WHEN:           Wednesday, July 31, 2013 TIME:              2:00 p.m. Eastern Daylight Time PHONE:         ... 
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05/09/2013Penske Automotive Increases Dividend 7%
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--May. 9, 2013-- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has approved a cash dividend of $0.15 per share for the first quarter of 2013. The dividend is payable on June 3, 2013, to shareholders of record on May 20, 2013. “Based on the strength of our financial performance, cash flow generation and continued confidence ... 
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04/29/2013Penske Automotive Reports Record Results
Income and Earnings per Share Highest in Company History Revenue Increased 7.7% to $3.4 Billion Same-store Retail Revenue Increased 7.4% Income from Continuing Operations Increased 13.9% to $56.9 Million Earnings per Share from Continuing Operations Increased 14.5% to $0.63 EBITDA Increased 9.5% to $111.8 Million Repurchased 410,000 shares ... 
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04/10/2013Penske Automotive Group to Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Apr. 10, 2013-- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its first quarter financial results conference call as follows: WHEN:   Monday, April 29, 2013   ... 
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03/05/2013Penske Automotive Expands Hertz Franchising Network
Acquires Franchising Rights for Indiana Markets BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Mar. 5, 2013-- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that it has acquired the assets and franchise rights to become the operator of Hertz rental car locations in certain markets throughout Indiana. The Company will now operate more than twenty on and off-airport locations, including the Ft. Wayne,... 
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02/06/2013Penske Automotive Reports Fourth Quarter and Full Year Results
Reports Record Fourth Quarter Income from Continuing Operations and Earnings per Share Earnings per Share from Continuing Operations Rises 21.3% to $0.57 Completes Most Profitable Year in Company History BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Feb. 6, 2013-- Penske Automotive Group, Inc. (NYSE:PAG):       ... 
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01/29/2013Penske Automotive Increases Dividend 7.7%
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Jan. 29, 2013-- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has approved a cash dividend of $0.14 per share for the fourth quarter of 2012. The dividend is payable on March 1, 2013, to shareholders of record on February 11, 2013. Commenting on the dividend increase, Penske Automotive Group President Robert H. Kurnic... 
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01/15/2013Penske Automotive Group to Host Fourth Quarter and Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Jan. 15, 2013-- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its fourth quarter and full-year financial results conference call as follows: WHEN:   Wednesday, February 6, 2013   TIME: ... 
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