BLOOMFIELD HILLS, Mich.--(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'sMarch 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.
Contact: Inquiries should contact:
Bob O'Shaughnessy
Chief Financial Officer
Penske Automotive Group, Inc.
248-648-2800
boshaughnessy@penskeautomotive.com
or
Anthony R. Pordon
Senior Vice President
Penske Automotive Group, Inc.
248-648-2540
tpordon@penskeautomotive.com