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Penske Automotive was founded as United Automotive Group in 1990 by Marshall S. Cogan [2] and later came under the control of Penske Corporation and Roger Penske in May 1999. Several years later, on July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG. [3]
The group holds dealerships located in England, Scotland, Wales and Northern Ireland and specialises in premium and specialist franchises from Audi to Porsche. [3] The group is wholly owned by the United States–based Penske Automotive Group, a NYSE listed part owned division of Penske Corporation. [1] [4] [5]
Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 [8] [9] until 2002. [ 10 ] [ 11 ] VM Motori S.p.A. [ 12 ] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.
Penske Automotive Group acquired Bill Brown Ford in Livonia in July 2024, a deal the Bloomfield Hills-based company said is expected to add about $550 million in annualized revenue.
Today, we're surveying the automotive world, as Wall Street sharpens its pencils and marks up the prospects at Penske Auto Group (NYS: PAG) Thursday's Top Upgrades (and Downgrades) Skip to main ...
Margins matter. The more Penske Automotive Group (NYS: PAG) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...