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11/20/2008smart USA Recaps Its First Year at LA Auto Show
Innovative Vehicle Achieves Resounding Success LOS ANGELES, Nov 20, 2008 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), today recapped the first ten months of business as the company approaches its one year anniversary in the United States, sharing insight into the vehicle's overwhelming success, during the LA Auto Show at the Los Angeles Convention Center. The presentation was part of smart USA's press conference that introduce... 
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11/20/2008smart USA Introduces 2009 smart fortwo BRABUS at LA Auto Show
BRABUS accessories also will be available for all smart fortwo models LOS ANGELES, Nov 20, 2008 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc. (NYSE: PAG), today introduced the new 2009 smart fortwo BRABUS edition during the LA Auto Show at the Los Angeles Convention Center. "Building on the success of the smart fortwo in the United States, we are excited to take the smart brand to a new level by introducing the BRABUS model and BRABUS ac... 
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10/30/2008Penske Automotive Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich., Oct 30, 2008 (BUSINESS WIRE) -- 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 payable on December 1, 2008, to shareholders of record on November 10, 2008. About Penske Automotive Group Penske Automotive Group, Inc. (PAG), headquartered in Bloomfield Hills, Michigan, operates 307 retail automotive franchises, representing more than 40 diff... 
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10/30/2008Penske Automotive Reports Third Quarter Results
Adjusted Income from Continuing Operations of $27.9 Million, or $0.30 Per Share BLOOMFIELD HILLS, Mich., Oct 30, 2008 (BUSINESS WIRE) -- --Adjusted Results Exclude $0.03 Per Share in Severance and Other Charges --Worldwide Headcount Reduced By 4% --Company Repurchased 3.6 Million Shares for $50 Million Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported third quarter 2008 adjusted income from continuing operations of $27.9 million, or $0.30 pe... 
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10/21/20082009 smart fortwo Ranked as Most Fuel Efficient All Gas Powered Vehicle in the U.S.
EPA Rates smart fortwo Most Fuel Efficient Non-Hybrid Vehicle BLOOMFIELD HILLS, Mich., Oct 21, 2008 (BUSINESS WIRE) -- The 2009 smart fortwo has been ranked as the most fuel efficient, non-hybrid vehicle in the United States by the U.S. Environmental Protection Agency's 2009 Fuel Economy Guide. The guide places the fortwo as fifth overall in the ranking for fuel efficiency. The smart fortwo is sold in the United States by smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc... 
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10/15/2008Penske Automotive Group to Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct 15, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its third quarter financial results conference call as follows: WHEN: Thursday, October 30, 2008 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (866) 205-3921 International, please call (612) 332-0923 The call will follow the release that morning of third quarter earnings for Penske Automotive Group ... 
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07/30/2008Penske Automotive Reports Second Quarter Results
Income from Continuing Operations Increases to $40.5 Million Related Earnings Per Share Increases to $0.43 BLOOMFIELD HILLS, Mich., Jul 30, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported that second quarter income from continuing operations increased 1.2% to $40.5 million. Related earnings per share increased 2.4% to $0.43 per share. Net income in the second quarter was $39.9 million, or $0.42 per share, compared with... 
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07/15/2008Penske Automotive Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich., Jul 15, 2008 (BUSINESS WIRE) -- 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 payable on September 2, 2008, to shareholders of record on August 11, 2008. About Penske Automotive Group Penske Automotive Group, Inc. ("PAG"), headquartered in Bloomfield Hills, Michigan, operates 307 retail automotive franchises, representing more than 40 dif... 
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07/01/2008PAG Acquires 9% of Penske Truck Leasing for $219 Million; Expected Accretion to 2008 Earnings; Operational Synergies
Acquires BMW Dealership in San Mateo, CA $125 Million of Estimated Annual Revenues Schedules Conference Call to Discuss Investments BLOOMFIELD HILLS, Mich., Jul 01, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, announced today that it has acquired a 9% limited partnership interest in Penske Truck Leasing Co., L.P. ("PTL") from GE Capital for $219 million. The all-cash transaction was financed with borrowings under the Company's ... 
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06/04/2008Penske Automotive Group to Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jun 04, 2008 (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 30, 2008 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 288-8960 International, please call (612) 234-9959 The call will follow the release that morning of second quarter earnings for Penske Autom... 
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05/01/2008Penske Automotive Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--May 1, 2008--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 payable on June 2, 2008, to shareholders of record on May 12, 2008. Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 316 retail automotive franchises, representing more than 40 different brands, and 27 collision repai... 
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04/29/2008Penske Automotive Reports First Quarter Results
Revenues Rise 4% to $3.2 Billion Income from Continuing Operations of $33.8 Million; 17% Increase Versus Adjusted Q1 '07 Earnings Per Share from Continuing Operations of $0.36; 16% Increase Versus Adjusted Q1 '07BLOOMFIELD HILLS, Mich., Apr 29, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported that first quarter income from continuing operations was $33.8 million, which represents a 17.4% increase over adjusted income from ... 
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04/09/2008Penske Automotive Group to Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Apr 09, 2008 (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, April 29, 2008 TIME: 2:00 p.m. Eastern Time PHONE: United States, please call (800) 230-1951 International, please call (612) 332-0530 The call will follow the release that morning of first quarter earnings for Penske Automotive Group and will be ... 
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02/29/2008Penske Automotive Group Announces Management Changes
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Feb. 29, 2008--Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, announced today that its President, Roger S. Penske, Jr., is stepping down from his position, effective March 31, 2008. Mr. Penske, Jr. will be relocating to California where he will acquire four dealerships from privately held Penske Motor Group. Further, the company's Board of Directors today appointed Robert H. Kurnick, Jr. as the company's P... 
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02/19/2008Penske Automotive Reports Fourth Quarter Results
Revenues Rise 8%; Same-Store Retail Revenues Increase 4% Company Announces $150 Million Share Repurchase Authority smart Wholesale Distribution and Retail Networks In Place; Retail Deliveries Began In January '08BLOOMFIELD HILLS, Mich., Feb 19, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, reported adjusted fourth quarter income from continuing operations of $31.8 million, or $0.34 per share, compared to income from continuing operati... 
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02/06/2008Penske Automotive Group to Host Fourth Quarter and Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Feb. 6, 2008--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 19, 2008 TIME: 2:00 p.m. Eastern Time PHONE: United States, please call (866) 254-5942 International, please call (612) 332-0636 The call will follow the release that morning of four... 
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01/28/2008Penske Automotive Announces Quarterly Dividend
BLOOMFIELD HILLS, Mich., Jan 28, 2008 (BUSINESS WIRE) -- 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 payable on March 3, 2008, to shareholders of record on February 11, 2008. Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 315 retail automotive franchises, representing 40 different brands, and 26 collision repair centers. ... 
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01/14/2008smart USA Announces U.S. Dealer Network
smart fortwo to Debut at Dealerships Beginning This Month BLOOMFIELD HILLS, Mich., Jan 14, 2008 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), is pleased to announce its dealership network of 74 smart dealerships across the United States. In the U.S., 68 dealers located in 31 states have been certified by smart USA as ready for business and are expected to begin retailing vehicles in January, subject to licensing and other required... 
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01/07/2008Penske Automotive Group Opens New Toyota Scion Dealership in Florida
BLOOMFIELD HILLS, Mich., Jan 07, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, is pleased to announce the opening of Royal Palm Toyota Scion located in Royal Palm Beach, Florida. This dealership is part of a new automall being developed by Penske Automotive Group in this city near Palm Beach, Florida. The new automall will include the Toyota Scion dealership along with Nissan and Mazda franchises that are expected to open later this... 
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