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12/21/2007Penske Automotive and Rallye Motors Mutually Agree to Terminate Agreement
BLOOMFIELD HILLS, Mich., Dec 21, 2007 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, said today that it and Rallye Motors have mutually agreed to terminate the previously announced agreement to acquire Rallye Motors by Penske Automotive Group. Previously, Penske Automotive Group announced that it had signed an agreement to acquire Rallye Motors representing approximately $700 million in annualized revenue, subject to customary conditions.... 
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11/12/2007Penske Automotive Group to Participate in Stephens Fall Investment Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Nov. 12, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced today that Senior Management will present at the Stephens Fall Investment Conference in New York, NY. The presentation is scheduled to occur from 10:10 a.m. to 10:40 a.m. Eastern Time on November 15, 2007. Penske Automotive will simultaneously broadcast the audio portion of this presentation over the Internet. The webcast may be accesse... 
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11/07/2007Penske Automotive to Acquire Rallye Motors
Franchises Represent $700 Million in Annualized Revenue BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Nov. 7, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, has signed an agreement to acquire Rallye Motors located on Long Island in the cities of Glen Cove, Roslyn and Westbury, New York. Rallye Motors represents the Acura, BMW, Lexus and Mercedes-Benz brands, providing customers an array of premium vehicle choices. Rallye also owns and operate... 
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10/25/2007Penske Automotive Increases Dividend to $0.09 Per Share
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Oct. 25, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has approved a quarterly dividend of $0.09 per share representing an increase of 29% from the $0.07 per share paid in the previous quarter. The dividend is payable on December 3, 2007, to shareholders of record on November 12, 2007. Commenting on the dividend, Penske Automotive Group Chairman Roger Pen... 
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10/25/2007Penske Automotive Reports Third Quarter Results
Revenues Rise 15%; Same-Store Retail Revenues Increase 8.5% SG&A as a Percentage of Gross Profit Improves 69 Basis Points Income from Continuing Operations Per Share Increases 18% to $0.45 Per Share BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Oct. 25, 2007--Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported that third quarter income from continuing operations increased 17.4% to $42.4 million... 
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10/16/2007Penske Automotive Group to Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Oct. 16, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its third quarter financial results conference call as follows: WHEN: Thursday, October 25, 2007 TIME: 2:30 p.m. Eastern Time PHONE: United States, please call (800) 288-8976 International, please call (612) 332-0718 The call will follow the release that morning of third quarter earnings for Penske... 
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09/19/2007Penske Automotive Group to Participate in Thomas Weisel Partners Consumer Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Sept. 19, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced today that Roger Penske, Chairman, and Anthony Pordon, Senior Vice President, will be presenters at the Thomas Weisel Partners Consumer Conference in New York, NY. The presentation is scheduled to occur from 10:20 a.m. to 10:50 a.m. Eastern Time on September 26, 2007. Penske Automotive will simultaneously broadcast the audio portion o... 
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07/31/2007Penske Automotive Reports Second Quarter Results
Same-Store Retail Revenues Increase 8.5% Income from Continuing Operations Per Share Increases 11% to $0.42 Per Share BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--July 31, 2007--Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported that second quarter income from continuing operations increased 8.1% to $39.3 million and related earnings per share increased 10.5% to $0.42. Second quarter net income increa... 
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07/19/2007Motor Trader Magazine Honors Penske Automotive Group
United Kingdom-Based Sytner Selected as Dealer Group of the Year BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--July 19, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced that its wholly owned subsidiary, The Sytner Group, was named Dealer Group of the year in the United Kingdom by Motor Trader magazine. Sytner is the third largest dealer group in the U.K. and represents 132 franchises and has more than 4,700 employees. Sytner was recog... 
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07/19/2007Penske Automotive Group to Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--July 19, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its second quarter financial results conference call as follows: WHEN: Tuesday, July 31, 2007 TIME: 1:00 p.m. Eastern Time PHONE: United States, please call (800) 553-0327 International, please call (612) 332-0932 The call will follow the release that morning of second quarter earnings for Penske Automotiv... 
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07/17/2007Penske Automotive Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--July 17, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has approved a quarterly dividend of $0.07 per share payable on September 4, 2007, to shareholders of record on August 10, 2007. Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 311 retail automotive franchises, representing 40 different brands, and 26 collision repai... 
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06/29/2007UnitedAuto Changing Name to Penske Automotive Group, Inc.
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--June 29, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, announced that the Company will officially change its corporate name from United Auto Group, Inc. to Penske Automotive Group, Inc. upon the open of business on Monday, July 2, 2007. On the same day, the Company's ticker symbol on the New York Stock Exchange will change to "PAG" to reflect the change in name. Voting and all other rights relating to the ... 
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05/09/2007smart USA Launches Cross-Country Road Show to Introduce the fortwo
Consumers Can Test-Drive Vehicles in 50 Cities Nationwide May Through November BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--May 9, 2007--A small car with a big urban solution is coming to the streets of cities across the United States as eager consumers will have their first opportunity to experience the fun and functionality of the smart fortwo. smart USA Distributor LLC, a subsidiary of United Auto Group, Inc, (NYSE:UAG), is launching a national road show... 
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05/08/2007UnitedAuto Reports First Quarter Results
Same-Store Retail Revenues Increase 11% SG&A as a Percentage of Gross Profit Improves 53 Basis Points Adjusted Income from Continuing Operations Increases 9% to $28.3 Million, Excluding Debt Redemption Charge BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--May 8, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today reported that first quarter adjusted income from continuing operations increased 9.2% to $28.3 million and rel... 
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05/03/2007UnitedAuto Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--May 3, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today announced that its Board of Directors has approved a quarterly dividend of $0.07 per share payable on June 1, 2007, to shareholders of record on May 11, 2007. United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 314 retail automotive franchises, representing 41 different brands, and 26 collision repair centers. UnitedAuto,... 
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05/01/2007UnitedAuto Expands Presence in Texas
Acquires Toyota, Scion, Honda and Hyundai Dealerships BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--May 1, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, has expanded its presence in Texas with the acquisition of the Classic Automotive Group in Austin. Located along the busy Interstate 35 corridor, the acquisition represents four new franchises that are anticipated to add $300 million in annualized revenue to the Company's operations. Together with Uni... 
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04/17/2007UnitedAuto to Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--April 17, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, will host its first quarter financial results conference call as follows: WHEN: Tuesday, May 8, 2007 TIME: 2:00 p.m. Eastern Time PHONE: United States, please call (800) 553-0358 International, please call (612) 332-0637 The call, which has been scheduled to more closely coincide with the filing of the Company's Form 10-Q, w... 
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04/02/2007smart USA Launches $99 Vehicle Reservation Program
Consumers Can Reserve a smart fortwo Before They Go On Sale in 2008 BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--April 2, 2007--smart USA, a subsidiary of United Auto Group, Inc, (NYSE:UAG), has launched its smart fortwo reservation system. The smart fortwo is expected to go on sale in the United States in the first quarter 2008 through a dealership network being developed by smart USA, the exclusive distributor of the smart fortwo in the United State... 
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03/29/2007UnitedAuto Group to Participate in Morgan Stanley Global Automotive Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--March 29, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, announced today that Roger Penske, Chairman, and Anthony Pordon, Senior Vice President, will be presenters at the Morgan Stanley Global Automotive Conference in New York, NY. The presentation is scheduled to occur at 11:15 a.m. Eastern Time on April 4, 2007. UnitedAuto will simultaneously broadcast the audio portion of this presentation over the Inter... 
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03/16/2007UnitedAuto Redeems $300 Million 9.625% Senior Subordinated Notes
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--March 16, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today announced that is has redeemed its $300 million 9.625% Senior Subordinated Notes Due 2012 (the "Notes") at a price of 104.813%. In December 2006, the Company completed a $375 million, 7.75% Senior Subordinated Note offering with the intention of refinancing the Notes. The proceeds from the December transaction were temporarily used to repay amou... 
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03/14/2007UnitedAuto Opens New Lexus Dealership in Edison, New Jersey
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--March 14, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today announced the grand opening of its newest Lexus companion point dealership in Edison, New Jersey. Lexus of Edison offers some of the finest amenities in automotive retailing, including a climate-controlled service reception area and a luxurious guest lounge and showroom. Situated on approximately five acres on the busy Route 1 corridor in New Je... 
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03/01/2007UnitedAuto Group to Participate in Raymond James 28th Annual Institutional Investors Conference
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--March 1, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, announced today that Roger Penske, Jr., President, and Anthony Pordon, Senior Vice President, will be presenters at the Raymond James 28th Annual Institutional Investors Conference in Orlando, FL. The presentation is scheduled to occur at 7:30 a.m. Eastern Time on March 6, 2007. UnitedAuto will simultaneously broadcast the audio portion of this presen... 
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02/14/2007UnitedAuto Reports Fourth Quarter Results
Total Revenues Increase 23% Same-Store Retail Revenues Increase 7% Excluding Prior Year Gain, Income from Continuing Operations Per Share Increases 18% to $0.33 BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Feb. 14, 2007--United Auto Group, Inc. (NYSE: UAG), an international automotive retailer, today reported fourth quarter income from continuing operations of $31.1 million and related earnings per share of $0.33. Fourth quarter 20... 
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02/01/2007UnitedAuto to Host Fourth Quarter and Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Feb. 1, 2007--United Auto Group, Inc. (NYSE: UAG), an international automotive retailer, will host its fourth quarter and full-year 2006 financial results conference call as follows: WHEN: Wednesday, February 14, 2007 TIME: 2:00 p.m. Eastern Time PHONE: United States, please call (800) 553-5275 International, please call (612) 332-1210 The call will follow the release that morning of fourth quarter and full-year earnings for... 
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01/31/2007UnitedAuto Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Jan. 31, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today announced that its Board of Directors has approved a quarterly dividend of $0.07 per share payable on March 1, 2007, to shareholders of record on February 12, 2007. United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 313 retail automotive franchises, representing 41 different brands, and 26 collision repair centers. Uni... 
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01/26/2007UnitedAuto to Redeem $300 Million 9.625% Senior Subordinated Notes
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Jan. 26, 2007--United Auto Group, Inc. (NYSE:UAG), an international automotive retailer, today provided notice to the Bank of New York Trust Company, N.A., the trustee of its $300 million 9.625% Senior Subordinated Notes Due 2012 (the "Notes"), of its intention to redeem the Notes on March 15, 2007, at a price of 104.813% for all notes outstanding. In December 2006, the Company completed a $375 million, 7.75% Senior Subordinated Note offer... 
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01/03/2007UnitedAuto Announces Executive Management Appointments
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Jan. 3, 2007--United Auto Group, Inc. (NYSE: UAG), an international automotive retailer, today announced the executive appointments of Roger S. Penske Jr. to President and Robert O'Shaughnessy to Executive Vice President and Chief Financial Officer. Mr. Penske Jr. has been with UnitedAuto since 2001 and has over 20 years of automotive-related experience. During this time, Mr. Penske has overseen the growth of both the Central and Eastern R... 
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