Penske Automotive     Print Page | Close Window

2016 Press Releases

Keyword Search
 
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | Archive
DateTitle 
12/01/2016Penske Automotive Signs Agreement To Acquire CarSense
Scalable, Stand-Alone Used Car Centers to Expand PAG Operations Expected Accretion of $0.07 to $0.09 per Share BLOOMFIELD HILLS, Mich., Dec. 1, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today that it has signed an agreement to acquire CarSense, a stand-alone specialty retailer of used vehicles in the United States.  The acquisition is expected to generate estimated annual revenue of approximately $350 million wit... 
Printer Friendly Version
10/26/2016Penske Automotive Reports Record Third Quarter Results
Third Quarter Earnings per Share from Continuing Operations of $1.03 U.K. Business Posts Record Results and Remains Strong BLOOMFIELD HILLS, Mich., Oct. 26, 2016 /PRNewswire/ -- Third Quarter 2016 Nine Months 2016 Revenue Increases 3.9% to $5.2 Billion, Excluding Foreign Exchange Increases 9.7% Same-Store Retail Revenue Decreases 2.0%, Excluding Foreign Exchange Increases 4.1% Income from Continuing Operations Attributable to Common Shareholders... 
Printer Friendly Version
10/19/2016Penske Automotive Increases Dividend
Shareholders to Receive $0.29 per Share BLOOMFIELD HILLS, Mich., Oct. 19, 2016 /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 $0.29 per share for the third quarter of 2016.  Commenting on the dividend increase, Penske Automotive Group President Robert H. Kurnick, Jr., said, "The diversification of our business continues to be a core st... 
Printer Friendly Version
10/06/2016Penske Automotive Group To Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct. 6, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its third quarter financial results conference call as follows: WHEN: Wednesday, October 26, 2016 TIME: 2:00 p.m. Eastern Daylight Time PHONE:   United States, please call (800) 230-1059 International, please call (612) 234-995... 
Printer Friendly Version
10/03/2016Penske Automotive Expands Presence in Italy
Acquires Porsche, Audi, Land Rover and Volvo Franchises BLOOMFIELD HILLS, Mich., Oct. 3, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that it has expanded its presence in northern Italy with the acquisition of six franchises (Porsche [3], Audi, Land Rover and Volvo).   The franchises are located in the strategic northern Italian market area of Bologna. The acquired dealerships are expected to g... 
Printer Friendly Version
07/28/2016Penske Automotive Reports Second Quarter Results
Second Quarter Earnings per Share from Continuing Operations of $1.11 Increases Ownership Interest in Penske Truck Leasing; Estimates Accretion Of at least $0.25 per Share on an Annualized Basis BLOOMFIELD HILLS, Mich., July 28, 2016 /PRNewswire/ --   Second Quarter 2016 Six Months 2016 Revenue Increases 6.8% to $5.3 Billion Revenue Increases 7.2% to $10.1 Billion Same-store Retail R... 
Printer Friendly Version
07/27/2016Penske Automotive Increases Dividend
Shareholders to Receive $0.28 per Share BLOOMFIELD HILLS, Mich., July 27, 2016 /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 $0.28 per share for the second quarter of 2016.  "We are pleased to offer our shareholders another increase in the quarterly dividend," said Penske Automotive Group President Robert H. Kurnick, Jr. "Our busines... 
Printer Friendly Version
07/22/2016Penske Automotive Group Dealerships Named Best To Work For
Automotive News Recognizes Thirteen PAG Dealerships As Among the Best 100 in the United States BLOOMFIELD HILLS, Mich., July 22, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that thirteen of its dealerships have been named by Automotive News as among the Best 100 Dealerships to Work For 2016 in the United States. The award winning dealerships are: Acura of Fayetteville, Fayetteville, Arkansas – www.acu... 
Printer Friendly Version
07/06/2016Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 6, 2016 /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 28, 2016 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1085 International, please call (612) 234-9959 ... 
Printer Friendly Version
05/11/2016Penske Automotive Group Announces Pricing Of $500.0 Million Senior Subordinated Notes
BLOOMFIELD HILLS, Mich., May 11, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced the pricing of $500.0 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2026 (the "2026 Notes") at 5.5%.  The sale of the 2026 Notes, which is subject to customary closing conditions, is expected to be completed on May 25, 2016. The company intends to use the net proceeds of this offering to repay amoun... 
Printer Friendly Version
05/11/2016Penske Automotive Group Announces $500.0 Million Senior Subordinated Notes Offering
BLOOMFIELD HILLS, Mich., May 11, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that it intends to offer $500.0 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2026 (the "2026 Notes"), subject to market and other customary closing conditions, pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC").  The company intends t... 
Printer Friendly Version
05/04/2016Penske Automotive Increases Dividend
Shareholders to Receive $0.27 per Share BLOOMFIELD HILLS, Mich., May 4, 2016 /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 $0.27 per share for the first quarter of 2016.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "The increase in the dividend reflects the strength in the performance of the company's business in the f... 
Printer Friendly Version
04/26/2016Penske Automotive Reports Record First Quarter Results
Earnings Per Share From Continuing Operations of $0.90 BLOOMFIELD HILLS, Mich., April 26, 2016 /PRNewswire/ -- First Quarter 2016 Highlights Revenue Increases 7.6% to $4.8 Billion Same-Store Retail Revenue Increases 2.5%, Excluding Foreign Exchange 4.7% Income from Continuing Operations Attributable to Common Shareholders Increases 4.2% to $79.3 Million Earnings Per Share from Continuing Operations Attributab... 
Printer Friendly Version
04/14/2016Penske Automotive Group To Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., April 14, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its first quarter financial results conference call as follows: WHEN: Tuesday, April 26, 2016 TIME:        2:00 p.m. Eastern Daylight Time PHONE:      United States, please call (800) 230-1092 International, please call (612... 
Printer Friendly Version
04/12/2016Penske Automotive Group Acquires Harper Truck Centres
Premier Truck Group Subsidiary Expands Operations to Ontario, Canada BLOOMFIELD HILLS, Mich., April 12, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that its Premier Truck Group subsidiary has completed the acquisition of Harper Truck Centres, a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership group located in Ontario, Canada.  Penske Automotive Group Chairman Roger Penske sa... 
Printer Friendly Version
04/06/2016Penske Automotive Opens New Porsche Dealership
Porsche West Broward Begins Operations in April 2016 BLOOMFIELD HILLS, Mich., April 6, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today the grand opening of its newest dealership, Porsche West Broward, located at 4641 SW 148th Avenue, along the Interstate 75 auto corridor in Davie, Florida.  The new dealership represents PAG's eighth Porsche dealership in the United States and sixteenth worldwide. Porsche West Bro... 
Printer Friendly Version
02/11/2016Penske Automotive Reports Fourth Quarter Results
Completes Most Profitable Year in Company History BLOOMFIELD HILLS, Mich., Feb. 11, 2016 /PRNewswire/ -- Fourth Quarter 2015 Twelve Months 2015  Revenue Increases 11.2% to $4.9 Billion Revenue Increases 11.9% to $19.3 Billion Same-store Retail Revenue Increases 3.6%, Excluding Foreign Exchange 5.4% Same-store Retail Revenue Increases 4.8%, Excluding Foreign Exch... 
Printer Friendly Version
01/28/2016Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 28, 2016 /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 11, 2016 TIME:      2:00 p.m. Eastern Daylight Time PHONE:  United States, please call (800) 230-1093 International,... 
Printer Friendly Version
01/28/2016Penske Automotive Increases Dividend
Shareholders to Receive $0.26 per Share BLOOMFIELD HILLS, Mich., Jan. 28, 2016 /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 $0.26 per share for the fourth quarter of 2015.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "The increase in the dividend reinforces our commitment to PAG's shareholders while reflecting the co... 
Printer Friendly Version
01/07/2016Penske Automotive Acquires A 49 Percent Interest In Luxury Dealership Group In Japan
BLOOMFIELD HILLS, Mich., Jan. 7, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, announced today that it has acquired a 49 percent equity ownership interest in the Nicole Group, a luxury dealership group with operations in Kanagawa and Tokyo, Japan.  The Nicole dealership group operates four BMW and three MINI dealerships, a Rolls-Royce and a Ferrari dealership along with two stand-alone service centers and two pre-owned showrooms.... 
Printer Friendly Version