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|Penske 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 industry leader, especially by one's peers," said Company President Robert H. Kurnick, Jr. "This achievement helps validate our vision to provide customers with an exceptional experience when visiting Penske Automotive Group dealerships. We are proud to share this achievement with the 14,000 associates who work each day to exceed the expectations of our customers."
About Penske Automotive
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 309 retail automotive franchises, representing 40 different brands and 25 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 157 franchises in 19 states and Puerto Rico and 152 franchises located outside the United States, primarily in the United Kingdom. Penske Automotive is also the exclusive distributor of the smart fortwo through its wholly-owned subsidiary smart USA Distributor LLC. smart USA supports over 70 smart retail centers in the United States. Penske Automotive is a member of the FORTUNE 200 and Russell 1000 and has more than 14,000 employees. smart and fortwo are registered trademarks of Daimler AG.
SOURCE: Penske Automotive Group, Inc.
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