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2018 Press Releases

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08/14/2018Penske Automotive Group Dealerships Named Best To Work For
Twenty-Four Dealerships Recognized by Automotive News As Among The Best in the United States BLOOMFIELD HILLS, Mich., Aug. 14, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, announced today that twenty-four (24) of its dealerships have been named by Automotive News as among the Best Dealerships to Work For in the United States. The award winning dealerships are: Acura of Fayetteville, Fayetteville, Arkansas – www.acuraof... 
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07/26/2018Penske Automotive Reports Record Second Quarter And Record First-Half 2018 Results
BLOOMFIELD HILLS, Mich., July 26, 2018 /PRNewswire/ -- Second Quarter 2018 Six Months 2018 Revenue Increases 10.3% to $5.9 Billion Income from Continuing Operations Attributable to Common Shareholders Increases 27.0% to $134.6 Million Earnings Per Share from Continuing Operations Attributable to Common Shareholders Increases 28.5% to $1.58 ... 
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07/18/2018Penske Automotive Increases Dividend
Shareholders to Receive $0.36 per Share BLOOMFIELD HILLS, Mich., July 18, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.36 per share for the second quarter of 2018.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "For the 29th consecutive quarter, our Board of Directors has increased the dividend for PAG's sh... 
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07/12/2018Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 12, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its second quarter financial results conference call as follows: WHEN: Thursday, July 26, 2018 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1092 International, please call (612) 234-9959 ... 
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05/11/2018Penske Automotive Elects Wolfgang Dürheimer As New Board Member
BLOOMFIELD HILLS, Mich., May 11, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that Wolfgang Dürheimer has been elected to its Board of Directors at its annual Shareholders Meeting, along with twelve incumbent directors. "We welcome Mr. Dürheimer to the Penske Automotive Group Board of Directors and look forward to his guidance as we continue to grow our company," said Penske Automotive Group Chairman Roger S... 
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05/10/2018Penske Automotive Increases Dividend
Shareholders to Receive $0.35 per Share BLOOMFIELD HILLS, Mich., May 10, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.35 per share for the second quarter of 2018.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "I am pleased to announce that for the 28th consecutive quarter, our Board of Directors has increas... 
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04/25/2018Penske Automotive Reports Record First Quarter Results
Revenue Increases 13.1% to $5.7 Billion Income From Continuing Operations Increases 29.8% to $108.0 million Earnings Per Share From Continuing Operations Increases 29.9% to $1.26 BLOOMFIELD HILLS, Mich., April 25, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced record first quarter results. For the three months ended March 31, 2018, income from continuing operations attributable to common shareholders in... 
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04/10/2018Penske Automotive Group To Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., April 10, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its first quarter financial results conference call as follows: WHEN: Wednesday, April 25, 2018 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1074 International, please call (612) 234-9959 ... 
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02/08/2018Penske Automotive Reports Record Fourth Quarter Results
Income From Continuing Operations of $330.0 Million and Earnings Per Share of $3.85, Including $243.4 Million Benefit Related to U.S. Tax Reform Adjusted Income From Continuing Operations Increases 11.9% to $86.6 Million Adjusted Earnings Per Share From Continuing Operations Increases 11.0% to $1.01 BLOOMFIELD HILLS, Mich., Feb. 8, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced record fourth quarter res... 
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01/31/2018Penske Automotive Increases 401(k) Matching Contributions
Positive impact from tax reform to be shared with employees BLOOMFIELD HILLS, Mich., Jan. 31, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has enhanced the company's U.S. 401(k) savings plan by increasing company matching contributions from 1.5% to 2.5% of eligible contributions, representing an increase of 67%.  The increase will provide a recurring, annual benefit to our employees. "The recentl... 
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01/30/2018Penske Automotive Increases Dividend
Shareholders to Receive $0.34 per Share BLOOMFIELD HILLS, Mich., Jan. 30, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.34 per share for the fourth quarter of 2017.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "I am pleased to announce that our Board of Directors has increased the dividend for PAG's shareh... 
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01/24/2018Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 24, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its fourth quarter and full-year financial results conference call as follows: WHEN: Thursday, February 8, 2018 TIME: 2:00 p.m. Eastern Standard Time PHONE: United States, please call (800) 230-1074 International, please call... 
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01/19/2018Penske Automotive Named One Of FORTUNE Magazine's "World's Most Admired Companies"
BLOOMFIELD HILLS, Mich., Jan. 19, 2018 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has been named one of the World's Most Admired Companies in specialty retailing by FORTUNE magazine. The World's Most Admired Companies ranking and related information will appear in FORTUNE magazine's January 22nd issue. "Penske Automotive is honored to be recognized as an industry leader and one of the world's most respected ... 
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01/03/2018Penske Automotive Expands Presence In The United Kingdom
Completes Acquisition of The Car People - A U.K. Used Vehicle Supermarket Group Expected Accretion of $0.05 to $0.07 per Share on Annualized Basis BLOOMFIELD HILLS, Mich., Jan. 3, 2018 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has completed the acquisition of The Car People (www.thecarpeople.co.uk), one of the U.K.'s leading retailers of used vehicles. The Car People retails high-quality used vehicles a... 
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