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12/08/2009Penske Automotive Announces smart USA Executive Appointment
BLOOMFIELD HILLS, Mich., Dec 08, 2009 (BUSINESS WIRE) -- smart USA Distributor LLC (www.smartusa.com), a wholly-owned subsidiary of Penske Automotive Group, Inc. (NYSE:PAG), today announced a new executive appointment with responsibilities that will include enhancing awareness of the smart brand. Effective January 1, 2010, Jill Lajdziak will join the smart USA executive team as Vice President, Sales and Marketing. Ms. Lajdziak brings thirty years of progressive automotive industry experience t... 
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10/30/2009Penske Automotive Reports Third Quarter Results
Adjusted Income From Continuing Operations Increases to $30.9 Million Adjusted EPS Increases 21% to $0.34 Adjusted SG&A Decreases 90 Basis Points to 81.3% of Gross Profit BLOOMFIELD HILLS, Mich., Oct 30, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported third quarter adjusted income from continuing operations attributable to PAG of $30.9 million, or $0.34 per share attributable to common shareholders, which compares... 
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10/07/2009Penske Automotive Group to Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct 07, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its third quarter financial results conference call as follows: WHEN: Friday, October 30, 2009 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1085 International, please call (612) 288-0340 Note: Callers should dial in 5-10 minutes before the call begins. The c... 
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09/30/2009Penske Automotive Terminates Discussions with General Motors to Acquire Saturn
BLOOMFIELD HILLS, Mich., Sep 30, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG) an international automotive retailer, today announced that it has terminated its discussions with General Motors Company ("GM") to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM. Since announcing its discussions with GM on June 5, 2009, the company has been in the due diligence process to determine the... 
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08/19/2009Roof Strength Test Confirms that the Smallest Car Is Safe
smart fortwo earns IIHS' "strongest roof" rating among all cars in its class, also outranking other larger cars in same test BLOOMFIELD HILLS, MI, (Aug. 20, 2009) –The 2009 smart fortwo today was designated "strongest roof" among competing micro and mini cars by the Insurance Institute for Highway Safety (IIHS), confirming once again that the smallest car on the road is safe.  The IIHS tested roof strength, and the smart fortwo was the only vehicle to achieve the highest rating of "Good" ... 
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07/29/2009Penske Automotive Reports Second Quarter Results
Income From Continuing Operations of $19.8 Million, or $0.22 Per ShareTotal Debt Reduced by $368 Million Since Year-EndSame-Store Retail Sales Revenues Increase 8.1% vs. First Quarter 2009 .bwcellpaddingbottom1 {padding-bottom: 2.0px} .bwcellpaddingbottom3 {padding-bottom: 4.0px} .bwcellpaddingleft0 {padding-left: 0.0px} .bwcellpaddingleft10 {padding-left: 50.0px} .bwcellpaddingleft2 {padding-left: 10.0px} .bwcellpaddingleft5 {padding-left: 25.0px} .bwcellpaddingleft6 {paddi... 
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07/13/2009smart USA Launches the "smart USA Advance Program"
smart USA Responds to Consumer Interest for "cash for clunker" $99/month* Financing Offer .bwtextaligncenter {text-align: center} BLOOMFIELD HILLS, Mich., Jul 13, 2009 (BUSINESS WIRE) -- smart USA announced today the launch of the "smart USA Advance Program". Under the terms of this program, smart USA will advance to dealers the applicable credit under the government-funded Car Allowance Rebate System (CARS) when an eligible vehicle is traded-in with the purchase of a smart fortwo. "... 
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07/10/2009Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jul 10, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its second quarter financial results conference call as follows: WHEN: Wednesday, July 29, 2009 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1092 International, please call (612) 234-9959 Note: Callers should dial in 5-10 minutes before the call begins. The ... 
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06/05/2009Penske and General Motors Announce Proposed Deal for Purchase of Saturn
BLOOMFIELD HILLS, Mich., Jun 05, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), www.penskeautomotive.com, an international automotive retailer, announced today that is has signed a Memorandum of Understanding ("MOU") with General Motors regarding the Saturn brand. Under the terms of the MOU, if the transaction is completed, Penske Automotive Group would obtain the rights to the Saturn brand, acquire certain assets including the Saturn parts inventory, and have the right to d... 
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05/28/2009smart USA Corporate Headquarters and Flagship Dealership Awarded LEED(R) Silver Green Building Certification
BLOOMFIELD HILLS, Mich., May 28, 2009 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), announced today its headquarters and smart center Bloomfield dealership in Bloomfield Hills, Michigan, have been awarded LEED(R) Silver Certification by the U.S. Green Building Council (USGBC). The LEED(R) certification was based on a number of green design and construction features that positively impact the project and the broader community. LEED(R) is... 
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05/05/2009Penske Automotive Reports First Quarter Results
Income From Continuing Operations of $16.2 Million, or $0.18 Per Share Reduces Inventory by $233 Million, or 15% Repurchases $69 Million of 3.5% Convertible Notes BLOOMFIELD HILLS, Mich., May 05, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported first quarter income from continuing operations of $16.2 million, or $0.18 per share. This compares to income from continuing operations of $32.3 million, or $0.33 per s... 
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04/22/2009Penske Automotive Group to Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Apr 22, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its first quarter financial results conference call as follows: WHEN: Tuesday, May 5, 2009 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1096 International, please call (612) 332-7515 Note: Callers should dial in 5-10 minutes before the call begins. ... 
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03/31/2009smart USA Marks One-Year Anniversary With Forest Restoration Project
Company will plant trees in the Cache River State Natural Area in recognition of all smart fortwos sold BLOOMFIELD HILLS, Mich., Mar 31, 2009 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE:PAG), announced today that it will plant a tree in recognition of each of the 24,622 smart fortwos sold in 2008, to celebrate the one-year anniversary of the vehicle in the United States. In partnership with American Forests and Daimler Financial Servi... 
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03/18/2009Central Parking System, Inc. in New York City Offers Half-Price Parking to smart fortwo Owners
--Latest agreement brings total to four BLOOMFIELD HILLS, Mich., March 18, 2009 /PRNewswire via COMTEX News Network/ -- Latest agreement brings total to four NYC area companies offering discounts smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), announced an agreement with Central Parking System, Inc. in New York City, which offers half-price parking for smart fortwo owners in Manhattan. With this latest partnership, four companies are now offering disco... 
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03/06/2009Penske Automotive Named America's Most Admired Company in Automotive Retailing
BLOOMFIELD HILLS, Mich., Mar 06, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, has been named America's Most Admired Company in automotive retailing by FORTUNE magazine. The America's Most Admired Company rankings and related information will appear in FORTUNE magazine's March 16th issue and can be accessed on the FORTUNE website at http://money.cnn.com/magazines/fortune/mostadmired/2009/index.html. "It's an honor to be recognized as an... 
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02/17/2009Penske Automotive Reports Fourth Quarter Results
$502.4 Million of After-Tax Charges, Including $493.1 Million of Non-Cash Goodwill and Franchise Impairment ChargesAdjusted Loss From Continuing Operations, Excluding Charges, of $2.0 Million, or $0.02 Per ShareCost Saving Initiatives To Date Expected to Yield Approximately $100 Million in Annualized SavingsCompany in Compliance with Debt Covenants BLOOMFIELD HILLS, Mich., Feb 17, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, toda... 
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02/02/2009Penske Automotive Suspends Quarterly Dividend
BLOOMFIELD HILLS, Mich., Feb 02, 2009 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has decided to suspend the Company's quarterly dividend. Commenting on the announcement, Chairman Roger Penske said, "Our decision to suspend the quarterly dividend is consistent with our ongoing cost curtailment and cash management initiatives, which include reductions in our worldwide workforce, reductions in exec... 
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01/28/2009Penske Automotive Group to Host Fourth Quarter and Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan 28, 2009 (BUSINESS WIRE) -- 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:   Tuesday, February 17, 2009   TIME: 2:00 p.m. Eastern Standard Time   PHONE: United States, please call (800) 230-1096 International, please call (612) 332-0932   NOTE: Callers should dial-in... 
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