Penske Automotive     Print Page | Close Window

2015 Press Releases

Keyword Search
 
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | Archive
DateTitle 
11/17/2015Penske Automotive Acquires Four Franchises With Approximately $175 Million In Annualized Revenue
Acquires Audi, Porsche, Jaguar and Land Rover in New Jersey BLOOMFIELD HILLS, Mich., Nov. 17, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has acquired Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth located in Monmouth County, New Jersey,  one of the wealthiest counties in the United States.  These franchises were acquired from the Schneider Nelson Auto Group and are expec... 
Printer Friendly Version
10/29/2015Penske Automotive Reports Record Third Quarter Results
BLOOMFIELD HILLS, Mich., Oct. 29, 2015 /PRNewswire/ -- Third Quarter 2015 Nine Months 2015 Revenue Increases 12.8% to $5.0 Billion Revenue Increases 12.2% to $14.4 Billion Same-store Retail Revenue Increases 5.2%, Excluding Foreign Exchange 8.5% Same-store Retail Revenue Increases 5.3%, Excluding Foreign Exchange 9.3% Income fro... 
Printer Friendly Version
10/19/2015Penske Automotive Group To Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct. 19, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its third quarter financial results conference call as follows: WHEN: Thursday, October 29, 2015 TIME: 11:00 a.m. Eastern Daylight Time PHONE: United States, please call (800) 288-9626 International, please call (612) 332-034... 
Printer Friendly Version
10/14/2015Penske Automotive Increases Dividend
Shareholders to Receive $0.25 per Share BLOOMFIELD HILLS, Mich., Oct. 14, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.25 per share for the third quarter of 2015.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "We are pleased to increase the quarterly dividend, which represents the continued confidence we have in our overall bu... 
Printer Friendly Version
07/29/2015Penske Automotive Reports Record Second Quarter Results
Best Quarter and Six Months in Company History Selling, General & Administrative Expense Leverage of 110 Basis Points BLOOMFIELD HILLS, Mich., July 29, 2015 /PRNewswire/ --  Second Quarter 2015 Six Months 2015 Revenue Increases 12.2% to $4.9 Billion Revenue Increases 11.8% to $9.4 Billion Same-store Retail Revenue Increases 5.6%, excluding foreign exchange 9.8% ... 
Printer Friendly Version
07/21/2015Penske Automotive Group Dealerships Named Best To Work For
Fifteen Dealerships Recognized by Automotive News As Among the Best 100 in the United States BLOOMFIELD HILLS, Mich., July 21, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that fifteen of its dealerships have been named by Automotive News as among the Best 100 Dealerships to Work For in the United States.  The award winning dealerships are: Audi Bedford, Bedford, Ohio – www.audiofbedford.com         ... 
Printer Friendly Version
07/16/2015Penske Automotive Increases Dividend
Shareholders to Receive $0.24 per Share BLOOMFIELD HILLS, Mich., July 16, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.24 per share for the second quarter of 2015.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "We are pleased to offer an increase in the quarterly dividend for the sixteenth consecutive quarter, demonstrating th... 
Printer Friendly Version
07/08/2015Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 8, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its second quarter financial results conference call as follows: WHEN:      Wednesday, July 29, 2015 TIME:         2:00 p.m. Eastern Daylight Time PHONE:      United States, please call (800) 230-1085 International, please cal... 
Printer Friendly Version
06/16/2015Penske Automotive Appoints New Chief Financial Officer
BLOOMFIELD HILLS, Mich., June 16, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that J.D. Carlson, the company's Senior Vice President and Corporate Controller, has been named Executive Vice President and Chief Financial Officer, effective immediately. Mr. Carlson replaces David K. Jones, who has resigned from his role as Executive Vice President and Chief Financial Officer to accept a similar position with anoth... 
Printer Friendly Version
05/05/2015Penske Automotive Increases Dividend
Shareholders to Receive $0.23 per Share BLOOMFIELD HILLS, Mich., May 5, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.23 per share for the first quarter of 2015.  The dividend is payable on June 1, 2015, to shareholders of record on May 15, 2015. Penske Automotive Group President Robert H. Kurnick, Jr., said, "For the fifteenth consecutiv... 
Printer Friendly Version
04/28/2015Penske Automotive Reports Record First Quarter Results
Earnings Per Share From Continuing Operations Increases 14.9% to $0.85 BLOOMFIELD HILLS, Mich., April 28, 2015 /PRNewswire/ -- Revenue Increases 11.4% to $4.5 Billion Same-store Retail Revenue Increases 4.6% Income from Continuing Operations Increases 13.7% to $76.4 Million EBITDA Increases 15.3% to $150.8 Million Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, annou... 
Printer Friendly Version
04/08/2015Penske Automotive Group To Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., April 8, 2015 /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 28, 2015 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 288-8975 International, please call (612) 332-0802 ... 
Printer Friendly Version
02/11/2015Penske Automotive Reports Record Results
Record Fourth Quarter Revenue and Adjusted Earnings Per Share Completes Most Profitable Year in Company History BLOOMFIELD HILLS, Mich., Feb. 11, 2015 /PRNewswire/ --  Fourth Quarter 2014 Twelve Months 2014 · Revenue Increases 16.3% to $4.4 Billion · Revenue Increases 18.9% to $17.2 Billion · Same-store Retail Revenue Increases 8.3% · Same-store Retail Revenue Increases 11.7% · Adjusted Income from Continuing ... 
Printer Friendly Version
02/09/2015Penske Automotive Taps Truck Veteran To Lead Commercial Vehicle Operations
BLOOMFIELD HILLS, Mich., Feb. 9, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has renamed its U.S.-based commercial vehicle dealership business Penske Commercial Vehicles, US, and that Richard Shearing has joined the organization as its President.    Mr. Shearing joins Penske Automotive from Daimler Trucks North America where he served as Vice President of National Accounts. Prior to that, he was Gene... 
Printer Friendly Version
02/02/2015Penske Automotive Expands Commercial Truck Dealership Footprint
Acquires Two Freightliner Truck Dealerships in Tennessee BLOOMFIELD HILLS, Mich., Feb. 2, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, has completed the acquisition of Freightliner medium and heavy-duty commercial truck dealerships operating in the Chattanooga and Knoxville, Tennessee markets.  These dealerships represent the full line of Freightliner commercial truck products under the brand names Freightliner, Western Sta... 
Printer Friendly Version
01/28/2015Penske Automotive Increases Dividend
Shareholders to Receive $0.22 per Share BLOOMFIELD HILLS, Mich., Jan. 28, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.22 per share for the fourth quarter of 2014.  The dividend is payable on March 2, 2015, to shareholders of record on February 10, 2015. Penske Automotive Group President Robert H. Kurnick, Jr., said, "For the fourteenth conse... 
Printer Friendly Version
01/26/2015Penske Automotive Acquires Land Rover Dealership
Expands Presence in Key Strategic Northeast U.S. Market Area BLOOMFIELD HILLS, Mich., Jan. 26, 2015 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today the acquisition of a Land Rover dealership in Darien, Connecticut.  The company estimates the dealership will generate approximately $50 million of revenue annually.    Penske Automotive Group President Robert H. Kurnick, Jr., said, "We are pleased to add the Land Ro... 
Printer Friendly Version
01/22/2015Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 22, 2015 /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: Wednesday, February 11, 2015 TIME: 2:00 p.m. Eastern Standard Time PHONE: United States, please call (800) 288-8975 International, please... 
Printer Friendly Version