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12/21/2010Penske Automotive Acquires Porsche and Audi Franchises
BLOOMFIELD HILLS, Mich., Dec 21, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc., (NYSE: PAG), an international automotive retailer, today announced that it has completed the acquisition of the Fred Baker Porsche and Audi franchises in Bedford, Ohio, which is in the Cleveland metropolitan area. The franchises will be renamed Porsche of Bedford and Audi Bedford. The acquisition complements the company's existing dealership operations in the Cleveland metropolitan area, which currently inc... 
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11/09/2010Penske revolutionizes online marketing with PenskeCars.com + PenskeSocial.com
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10/28/2010Penske Automotive Group Appoints New Director
BLOOMFIELD HILLS, Mich., Oct 28, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc., (NYSE: PAG), an international automotive retailer, today announced that Yoshimi Namba has been appointed to its Board of Directors. Mr. Namba fills a vacancy created by the resignation of Hiroshi Ishikawa from the PAG Board. Mr. Ishikawa will continue in his role as Executive Vice President - International Business Development. Mr. Namba has held various positions at Mitsui & Co., Ltd. (Japan) since April 1... 
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10/22/2010Penske Automotive Reports Third Quarter Results
Total Revenue Increases 6.5% and Retail Unit Sales Increase 4.7% Same-Store Retail Revenue Increases 4.2% in U.S. and 3.1% Internationally Income From Continuing Operations of $31.0 Million, or $0.34 Per Share BLOOMFIELD HILLS, Mich., Oct 22, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported third quarter income from continuing operations attributable to common shareholders of $31.0 million, or $0.34 per share. This compa... 
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10/18/2010Penske Automotive Launches PenskeCars.com
Consumers May View and Compare Nearly 25,000 Vehicles and over 40 Brands BLOOMFIELD HILLS, Mich., Oct 18, 2010 (BUSINESS WIRE) -- Penske Automotive Group (NYSE:PAG) has launched several e-commerce initiatives, including PenskeCars.com, which allows consumers to view and compare nearly 25,000 new, certified and pre-owned vehicles representing more than 40 brands located at Penske Automotive Group retailers across the country. This new site also provides consumers a simple method to schedule ma... 
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10/07/2010Penske Automotive Group to Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct 07, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its third quarter financial results conference call as follows: WHEN: Friday, October 22, 2010 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1093 International, please call (612) 332-0228 Note: Callers should dial in 5-10 minutes before the call begins. The c... 
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10/06/2010Memorandum of Understanding Signed to Expand smart USA Product Lineup
smart USA and Nissan to Collaborate on New Vehicle for the U. S. Market BLOOMFIELD HILLS, Mich., Oct 06, 2010 (BUSINESS WIRE) -- smart USA Distributor LLC ("smart USA"), a wholly-owned subsidiary of Penske Automotive Group, Inc. (NYSE: PAG), announced today the signing of a Memorandum of Understanding ("MOU") with Nissan Motor Co., Ltd. ("Nissan") for the collaboration of a new vehicle for sale in the United States. Pursuant to the terms of the MOU, smart USA would obtain the rights to pro... 
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08/11/2010smart drive app and smart drive kit for the iPhone Available for Purchase
Multifunctional award-winning app combined with smart drive kit turns the iPhone into an integrated telematics, Bluetooth and multimedia system BLOOMFIELD HILLS, Mich., Aug 11, 2010 (BUSINESS WIRE) -- The smart drive app for the iPhone, which made its United States debut at the 2010 New York Auto Show, is now available for purchase on the iTunes App Store for a one-time cost of $9.99. In addition, the smart drive kit, a cradle which enables advanced telematics in the fortwo with the iPhone ... 
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07/29/2010Penske Automotive Reports Second Quarter Results
Significant Growth in Retail Unit Sales and Revenue Same-Store Retail Revenue Growth of 16% in U.S. and 9% Internationally Income From Continuing Operations Increases 47% to $29.2 Million and Related Earnings Per Share Increases 45% to $0.32 Repurchased Additional $84.6 Million of Convertible Notes $150.6 Million Currently Outstanding U.S. Credit Facility Capacity Increased by $50 Million BLOOMFIELD HILLS, Mich., Jul 29, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG),... 
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07/13/2010Penske Automotive Group to Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jul 13, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its second quarter financial results conference call as follows: WHEN: Thursday, July 29, 2010 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1074 International, please call (612) 234-9959 Note: Callers should dial in 5-10 minutes before the call b... 
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07/07/2010smart USA Empowers smart fortwo Owners to Express Creativity
New “smart Expressions” customization program offers unlimited choice of car color and vehicle wrap designs for all smart fortwo owners                                                             &nb... 
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06/08/2010smart fortwo electric drive Debuts in the United States
smart USA placing vehicles with partners in select regions of the country BROOKLYN, N.Y., Jun 08, 2010 (BUSINESS WIRE) --The smart fortwo electric drive made its debut in the United States today, marking a natural evolution of the smart brand and further defining its environmental leadership. With an unparalleled eco-heritage, smart developed the electric drive as the next logical extension of the fortwo platform and continues to be a trendsetter in addressing issues facing urban mobility and... 
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06/08/2010smart USA Appoints Dealer in Hawaii
smart center Honolulu will serve Hawaiian islands BLOOMFIELD HILLS, Mich., Jun 08, 2010 (BUSINESS WIRE) --smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), today appointed a smart dealer to serve the Hawaiian islands, expanding smart USA's retail footprint into its 37th state. The dealership, to be named smart center Honolulu, will open later this month and be managed by the Hawaii Automotive Retailing Group. "Entering Hawaii is a significant milesto... 
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05/18/2010Penske Automotive Opens Two New Premium/Luxury Dealerships in Chantilly, Virginia
Campus Features an Audi and a Mercedes-Benz Dealership BLOOMFIELD HILLS, Mich., May 18, 2010 (BUSINESS WIRE) --Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced the opening of an Audi and a Mercedes-Benz dealership on a premium/luxury campus in Chantilly, Virginia. Awarded as open points by Audi USA and Mercedes-Benz USA, these dealerships will serve the rapidly expanding Northern Virginia and Washington, D.C., metropolitan markets. These new ... 
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04/30/2010Penske Automotive Reports First Quarter Results
Same-Store Retail Revenues Increase 16.4% Income from Continuing Operations Increases to $20.8 Million and RelatedEarnings per Share Increases to $0.23 Adjusted Income from Continuing Operations Increases 105% to $20.4 Million SG&A to Gross Profit Improves 182 Basis Points to 83.1% $71.1 Million of Convertible Notes Repurchased in Q1 2010 BLOOMFIELD HILLS, Mich., Apr 30, 2010 (BUSINESS WIRE) --Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reporte... 
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04/27/2010Penske Automotive Opens MINI Dealership in Austin, Texas
BLOOMFIELD HILLS, Mich., Apr 27, 2010 (BUSINESS WIRE) --Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced the opening of its new 17,500 square foot, state-of-the-art MINI dealership in Austin, Texas. The franchise was awarded by MINI USA and is the exclusive MINI dealership in the Austin market. MINI of Austin is situated on a two-and-a-half acre site adjacent to the company's existing BMW of Austin dealership. The dealership showcases MINI's bold ... 
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04/14/2010Penske Automotive Group to Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Apr 14, 2010 (BUSINESS WIRE) --Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its first quarter financial results conference call as follows: WHEN: Friday, April 30, 2010 TIME: 2:00 p.m. Eastern Daylight Time PHONE: United States, please call (800) 230-1093 International, please call (612) 288-0329 Note: Callers should dial in 5-10 minutes before the call begins. ... 
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03/23/2010Penske Automotive Opens New MINI Dealership in Tempe, Arizona
BLOOMFIELD HILLS, Mich., Mar 23, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced the opening of its new 19,300 square foot, state-of-the-art MINI dealership in Tempe, Arizona. The new franchise, awarded by MINI, represents the company's second MINI dealership in the Phoenix market and its fourth in the United States. MINI of Tempe is situated on a three-and-a-half acre site in ... 
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03/16/2010smart USA Appoints New Dealer to Serve Philadelphia
smart center Trevose Begins Operation on April 1BLOOMFIELD HILLS, Mich., Mar 16, 2010 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), today appointed a new smart dealer in southeast Pennsylvania to serve the Delaware and Lehigh Valleys, including Philadelphia. The dealership, to be named smart center Trevose, will open on April 1 and be managed by the Faulkner Organization, Pennsylvania's largest au... 
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02/22/2010smart USA Appoints Its First Dealer in Puerto Rico
smart center San Juan to Service Island Territory .bwtextaligncenter {text-align: center} .bwunderlinestyle {text-decoration: underline} BLOOMFIELD HILLS, Mich., Feb 22, 2010 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), announces the appointment of its first dealer in Puerto Rico. The new dealer will be named smart center San Juan and will be part of the Triangle Automotive Group, the largest automotive retailer in Puerto R... 
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02/19/2010Penske Automotive Reports Fourth Quarter Results
Same-Store Retail Revenues Increase 15.5%Income From Continuing Operations Increases to $19.3 Million and Related Earnings Per Share Increases to $0.21SG&A Improves to 83.3% of Gross Profit$44.1 Million of Convertible Notes Purchased in Q1 2010BLOOMFIELD HILLS, Mich., Feb 19, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, today reported fourth quarter income from continuing operations attributable to PAG of $19.3 m... 
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02/04/2010Penske Automotive Group to Host Fourth Quarter and Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Feb 04, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its fourth quarter and full-year financial results conference call as follows: WHEN: Friday, February 19, 2010 TIME: 2:00 p.m. Easter... 
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02/03/2010Penske Automotive Announces Pricing of Secondary Common Stock Offering
No New Shares will be IssuedNo Dilution to Existing PAG StockholdersBLOOMFIELD HILLS, Mich., Feb 03, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced the pricing of a secondary offering of 5.0 million shares of PAG common stock at $14.50 per share. The selling stockholder is Penske Corporation (see information below). Penske Corporation also has granted the underwriters for the public o... 
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02/02/2010Penske Automotive Announces Commencement of Secondary Common Stock Offering
No New Shares Will Be Offered No Dilution to Existing PAG StockholdersBLOOMFIELD HILLS, Mich., Feb 02, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that it has commenced a secondary offering of 5.0 million shares of PAG common stock. The selling stockholder is Penske Corporation (see information below). Penske Corporation also intends to grant to the underwriters for the public offe... 
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02/02/2010Penske Automotive Announces Preliminary Fourth Quarter 2009 Results
BLOOMFIELD HILLS, Mich., Feb 02, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced preliminary results for the fourth quarter of 2009. The company currently expects income from continuing operations attributable to common shareholders to be within the range of $0.20 to $0.23 per share. Commenting on the preliminary results, PAG Chairman Roger Penske said, "I'm pleased with the s... 
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01/21/2010PAG Files Registration Statement for Secondary Common Stock Offering By Penske Corporation
Penske Corporation to Maintain Majority Voting Control .bwtextaligncenter {text-align: center} .bwunderlinestyle {text-decoration: underline} BLOOMFIELD HILLS, Mich., Jan 21, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that it filed a registration statement with the Securities and Exchange Commission for a proposed secondary offering of up to 5.75 million shares of its common stock (including shares that the... 
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01/15/2010smart USA Launches First National Leasing Initiative Through Daimler Financial Services
BLOOMFIELD HILLS, Mich., Jan 15, 2010 (BUSINESS WIRE) -- smart USA Distributor LLC, a wholly-owned subsidiary of Penske Automotive Group, Inc. (NYSE:PAG), announces today the launch of its first national lease incentive through Daimler Financial Services (DCFS USA LLC). The strength of the brand in the United States allows smart USA to offer customers additional financing offers. "Our new lease program allows customers added flexibility with financing options and allows smart customers to enjo... 
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01/15/2010Penske Automotive Acquires Two Dealerships in Southern California
BLOOMFIELD HILLS, Mich., Jan 15, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), today announced the acquisition of Audi and Volkswagen dealerships located in Santa Ana, California. Operating in the heart of Orange County, Commonwealth Audi and Commonwealth Volkswagen are co-located in the Santa Ana Auto Mall and will complement the company's existing dealership footprint in southern California. Combined, these dealerships are expected to generate approximately $80 million in... 
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01/04/2010Penske Automotive Announces Management Changes at smart USA
BLOOMFIELD HILLS, Mich., Jan 04, 2010 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer and exclusive distributor of the smart fortwo through its wholly-owned subsidiary smart USA Distributor LLC ("smart USA"), announced today that Jill Lajdziak has been named President of smart USA. In this role, Lajdziak will assume day to day operations for the smart brand in the United States. Lajdziak has over 30 years of progressive automotive experience, i... 
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