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|Motor 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 recognized for its achievements in automotive retailing and for its listing as one of the Best 100 Companies to Work For in the United Kingdom. Specifically, Sytner's focus on its employees, its ability to acquire, integrate and improve acquired businesses, and its development of new and innovative dealership concepts such as the first-of-its-kind service drives in the U.K. contributed to receiving this honor.
Sytner Group Managing Director Gerard Nieuwenhuys said, "Sytner's selection for this prestigious award verifies our group aim to be famous for delighting our customers, employees and manufacturers. We have invested in a culture designed to create motivated, well-trained and satisfied employees where customer satisfaction is our number one priority. This achievement recognizes the successes we have achieved and the contributions of each employee."
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 311 retail automotive franchises, representing 40 different brands, and 26 collision repair centers. Penske Automotive, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 164 franchises in 19 states and Puerto Rico and 147 franchises located outside the United States, primarily in the United Kingdom. Penske Automotive is a member of the Fortune 500 and Russell 1000 and has 16,000 employees.
CONTACT: Penske Automotive Group, Inc.