close

Penske Automotive Group

Community EventCommunity NewsGeneral

Penske Automotive Group Donates More Than $1 Million to Paralyzed Veterans of America

US Army – PVA blog

WASHINGTON 3/16/17 —Today Paralyzed Veterans of America (Paralyzed Veterans) announced that Penske Automotive Group donated more than $1 million last year to the organization through its “Service Matters” campaign. In the past two years, Paralyzed Veterans’ corporate partner Penske Automotive Group has raised more than $2 million for Paralyzed Veterans programs and services.

Rob Kurnick, President of Penske Automotive Group and Tom Wheaton, National Treasurer of Paralyzed Veterans of America.
Robert H. Kurnick, Jr., Penske Automotive Group President and Tom Wheaton, National Treasurer of Paralyzed Veterans of America.

The campaign allows customers to make a donation when they have had their vehicles serviced at a Penske Automotive Group Dealership. All funds go toward supporting Paralyzed Veterans’ programs and services, such as benefits assistance, employment counseling and adaptive sports programs—all of which are provided free-of-charge to veterans and their families.

“Penske Automotive Group continues to amaze us with their ongoing support and efforts around the Penske Automotive Group ‘Service Matters’ campaign,” said Tom Wheaton, paralyzed Navy veteran and National Treasurer of Paralyzed Veterans, who celebrated the milestone at a recent event. “This significant contribution will allow us to continue to serve our nation’s veterans, and to ensure those veterans have access to programs and services to help them recover and rebuild their lives after serious injuries. We are beyond grateful for this partnership and truly appreciate their long-term commitment to veterans.”

Throughout 2016, Penske Automotive Group’s dealerships invited customers to donate a $1 or more toward its “Service Matters” campaign when customers serviced their vehicle at any Penske Automotive Group dealership. To multiply the impact of customers’ contributions, Penske then matched each donation—up to a total contribution of $500,000.

“It was an honor for Penske Automotive Group to be part of this fundraising effort in 2016,” said Robert H. Kurnick Jr., Penske Automotive Group President. “We thank our associates and our customers for their continued support of the ‘Service Matters’ campaign and for embracing the admirable work performed by the Paralyzed Veterans of America.

“We are thrilled to extend our partnership with the Paralyzed Veterans of America for the third consecutive year and look forward to continuing our work together to help make a difference in the lives of our American heroes,” Kurnick said.

To learn more about the “Service Matters” campaign, please contact a Penske Automotive Group dealership or visit the Paralyzed Veterans/Penske Automotive “Service Matters” page.

About Penske Automotive

Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Western Europe and Canada, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 24,000 people worldwide and is a member of the Fortune 500 and Russell 2000. For additional information, visit the company’s website at www.penskeautomotive.com.

Find a vehicle: http://www.penskecars.com

Engage Penske Automotive: http://www.penskesocial.com

Like Penske Automotive on Facebook: https://facebook.com/PenskeCars

Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars

Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

 

This article originated from PVA.org.

read more
Community NewsCompany NewsDealer NewsGeneral

Penske Automotive Acquires Jaguar and Land Rover Dealerships in Paramus, New Jersey

Jaguar Land Rover Paramus

BLOOMFIELD HILLS, MI March 7, 2017 – Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today that it has expanded its presence in the United States with the acquisition of the Jaguar and Land Rover dealerships in Paramus, New Jersey, from the Prestige Family of Fine Cars. The acquisition is expected to generate estimated annual revenue of approximately $215 million.

Commenting on the acquisition, Company President Robert H. Kurnick, Jr., said, “We are pleased with the opportunity to add the Jaguar and Land Rover dealerships in Paramus to the Penske Automotive footprint. These new dealerships enhance the company’s existing portfolio and bring additional scale in the New Jersey/New York metropolitan area to our business. We welcome the employees to the Penske Automotive Group team and look forward to working with them to grow the Jaguar and Land Rover businesses in this important market area.”

The company now operates five Jaguar/Land Rover dealerships in the United States.

Caution Concerning Forward Looking Statements

Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.’s future sales and earnings potential. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others: fulfillment of closing conditions, economic conditions generally, conditions in the credit markets and changes in interest rates and foreign currency exchange rates, adverse conditions affecting a particular manufacturer, including the adverse impact to the vehicle and parts supply chain due to natural disasters, recalls or other disruptions that interrupt the supply of vehicles or parts to us, changes in consumer credit availability, the outcome of legal and administrative matters, and other factors over which management has limited control. These forward- looking statements should be evaluated together with additional information about Penske Automotive’s business, markets, conditions and other uncertainties, which could affect Penske Automotive’s future performance. These risks and uncertainties are addressed in Penske Automotive’s Form 10-K for the year ended December 31, 2016, and its other filings with the Securities and Exchange Commission (“SEC”). This press release speaks only as of its date, and Penske Automotive disclaims any duty to update the information herein.

About Penske Automotive

Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Western Europe and Canada, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 24,000 people worldwide and is a member of the Fortune 500 and Russell 2000. For additional information, visit the company’s website at www.penskeautomotive.com.

Find a vehicle: http://www.penskecars.com

Engage Penske Automotive: http://www.penskesocial.com

Like Penske Automotive on Facebook: https://facebook.com/PenskeCars

Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars

Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

Inquiries should contact:
J. D. Carlson
Executive Vice President and
Chief Financial Officer
Penske Automotive Group, Inc.
248-648-2810
jcarlson@penskeautomotive.com

Anthony R. Pordon
Executive Vice President Investor Relations
and Corporate Development
Penske Automotive Group, Inc.
248-648-2540
tpordon@penskeautomotive.com

View original press release here: http://investors.penskeautomotive.com/phoenix.zhtml?c=82644&p=irol-newsArticle_print&ID=2251971.

read more
Community EventCompany NewsDealer NewsGeneral

Get Out and Go Giveaway

get out and go image

Thrill seeker? Adrenaline junky? It’s time to get out and go!

Springtime is right around the corner, which means it’s time to get moving and satisfy those outdoor adventure cravings. From camping and mountain biking, to white water rafting, you can capture it all with Penske Automotive Group‘s Get Out and Go Giveaway!

Enter for a chance to win one of two prizes:

  • Outdoor Adventure Prize Pack: GoPro® HERO5*, ENO Hammock & Atlas straps, and a $75 REI gift card
  • Explore More Prize Pack: GoPro® HERO Session* and mount and a $50 REI gift card

Outdoor adventures are calling your name! Answer them today and enter for a chance to win! http://bit.ly/GetOutGoGiveaway

Winners will be announced on the Penske Automotive Group Facebook page on April 1, 2017.

Connect with Penske Automotive Group on Facebook, Instagram, and Twitter!
https://www.facebook.com/PenskeCars/
https://www.instagram.com/penskecars/
https://twitter.com/PenskeCars

*GoPro®, HERO, and their respective logos are trademarks or registered trademarks of GoPro®, Inc. GoPro® is not a participant in or sponsor of this promotion.

read more
Community NewsCompany NewsDealer NewsGeneral

Penske Automotive Completes Acquisition of U.K.-Based CarShop

Updated Car Shop image dark PAG blog

Scalable, Stand-alone Used Car Centers to Expand PAG’s U.K. Operations
Expected Accretion of $0.07 to $0.09 per Share

BLOOMFIELD HILLS, Mich.Feb. 16, 2017 /PRNewswire/ — Penske Automotive Group (NYSE: PAG), an international transportation services provider and a leading retailer of prestige vehicles in the U.K., announced today that it has completed the acquisition of CarShop, one of the U.K.’s leading retailers of used vehicles.  CarShop retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience.

CarShop has been in operation since 1999 and has five large-scale retail locations operating in Cardiff, Swindon, Northampton, Norwichand Doncaster, plus a 15-acre vehicle preparation center in Leighton Buzzard.  CarShop has received numerous awards, including being named U.K. Car Supermarket of the year for two years in a row.

CarShop is expected to generate estimated annualized revenue of approximately $340 million with accretion estimated to be $0.07 to $0.09 per share on an annualized basis.

Commenting on the transaction, Penske Automotive Group Chairman Roger S. Penske said, “The acquisition of CarShop complements our existing core auto retail business and furthers our diversification strategy within the transportation services industry.”  Penske continued, “The CarShop acquisition along with the acquisition of CarSense in the United States strengthens our position in our core markets and provides scalable future growth opportunities.”

Darren Edwards, CEO of Penske Automotive Group’s U.K. operations said, “We are delighted to welcome the CarShop team to Penske Automotive Group and look forward to the opportunities this will provide to expand and diversify our business in this sector of the market.”

Caution Concerning Forward Looking Statements

Statements in this press release may involve forward-looking statements regarding Penske Automotive Group, Inc.’s future sales and earnings potential.  Actual results may vary materially because of risks and uncertainties that are difficult to predict.  These risks and uncertainties include, among others: fulfillment of closing conditions, economic conditions generally, conditions in the credit markets and changes in interest rates and foreign currency exchange rates, adverse conditions affecting a particular manufacturer, including the adverse impact to the vehicle and parts supply chain due to natural disasters, recalls or other disruptions that interrupt the supply of vehicles or parts to us, changes in consumer credit availability, the outcome of legal and administrative matters, and other factors over which management has limited control.  These forward-looking statements should be evaluated together with additional information about Penske Automotive’s business, markets, conditions and other uncertainties, which could affect Penske Automotive’s future performance.  These risks and uncertainties are addressed in Penske Automotive’s Form 10-K for the year ended December 31, 2015, and its other filings with the Securities and Exchange Commission (“SEC”).  This press release speaks only as of its date, and Penske Automotive disclaims any duty to update the information herein.

 

About Penske Automotive

Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Western Europe and Canada, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 24,000 people worldwide and is a member of the Fortune 500 and Russell 2000. For additional information, visit the company’s website at www.penskeautomotive.com.

 

Find a vehicle:  http://www.penskecars.com

Engage Penske Automotive:  http://www.penskesocial.com

Like Penske Automotive on Facebook:  https://facebook.com/PenskeCars

Follow Penske Automotive on Twitter:  https://twitter.com/PenskeCars

Visit Penske Automotive on YouTube:  http://www.youtube.com/penskecars

 

View original press release here: http://investors.penskeautomotive.com/phoenix.zhtml?c=82644&p=irol-newsArticle&ID=2246669&highlight

read more
Community EventCompany NewsDealer NewsGeneral

Keep Calm and Stay Warm Giveaway

keep-calm-and-stay-warm

Everyone here at Penske Automotive Group is excited to head into the new year and we are celebrating with our Keep Calm and Stay Warm Instagram Giveaway! Entering is easy: follow @penskecars on Instagram and hashtag #PAGgiveaway before January 31st, and you’ll have a chance to win a $250 Visa Gift Card.

Winner will be randomly selected and announced on Penske Automotive Group’s Instagram page on February 1, 2017.

Find out about new giveaways by connecting with Penske Automotive Group on Facebook, Instagram, and Twitter!

https://www.facebook.com/PenskeCars/
https://www.instagram.com/penskecars/
https://twitter.com/PenskeCars

read more
Company NewsDealer NewsGeneral

Penske Gives Back for the Holidays

audi-fairfield

’Tis the season for spreading good tidings and cheer! Penske Automotive Group dealerships got in the spirit of giving this holiday season through numerous charity efforts across the country. With toy drives, coat drives, canned food drives, and more, we were proud to see the Penske family come together to make a difference within their respective communities.

Mercedes-Benz, Audi, and Porsche of Fairfield collected new, unwrapped toys for their local Toys for Tots Foundations so those less fortunate could experience the joy of the holiday season. Each year, Toys for Tots aims to unite all members of local communities during the annual toy collection and distribution campaign, and our dealerships are always there to lend them a helping hand. Mercedes-Benz of Warwick also held a toy drive for the holidays with all donations going to support Big Brothers Big Sisters of the Ocean State, a charity that aims to provide positive mentors to Rhode Island youth. Meanwhile, BMW of Turnersville payed it forward by holding a food drive all month long, and Chevrolet of Turnersville remembered those who have served by partnering with Wreaths Across America. Each December, Wreaths Across America coordinates wreath-laying ceremonies at Arlington National Cemetery, as well as over 1,100 additional locations to ensure our veterans and their sacrifice are never forgotten.

Other dealerships across the country showed some love for local charities as well, with Lexus of Chandler, Tempe Honda and Porsche North Scottsdale all setting up drop off locations for Arizona’s Toys for Tots Foundation. In California, Mercedes-Benz of San Diego got in the spirit of giving with AJ, from The AJ Show, by helping him reach his goal of 100,000 donated toys for Rady Children’s Hospital San Diego.

Thank you to all who donated! We’re thrilled to see your charitable efforts bringing so much joy to local communities. From our family to yours, Penske Automotive Group wishes everyone a happy holiday season and a happy New Year!

Connect with Penske Automotive Group on Facebook, Instagram, and Twitter!

https://www.facebook.com/PenskeCars/
https://www.instagram.com/penskecars/
https://twitter.com/PenskeSocial

read more
Company NewsDealer News

New Subaru Orange Coast Opens

Subaru Orange Coast

The wait is finally over! Penske Automotive Group’s first Subaru dealership, Subaru Orange Coast, is opening its doors at its grand opening this Friday, December 9th. It will make its debut as one of the premier Subaru dealerships in Southern California, serving Santa Ana and the rest of Orange County. Subaru Orange Coast brings you the finest selection of both new and pre-owned Subaru vehicles with the exceptional level of service you’ve come to expect from the Penske Automotive Group family.

Subaru Orange Coast
Welcome to Subaru Orange Coast

Located at 1350 Auto Mall Drive in Santa Ana, California, Subaru Orange Coast is committed to providing drivers with the highest level of customer service from the second they enter the showroom to long after they drive home.

Subaru Orange Coast believes in the dependable, proven quality of the Subaru brand whether you’re looking for a vehicle for the whole family or something to spice up your daily commute. With an extensive line up featuring everything from family-friendly wagons to compact trucks to high-performance cars, the Subaru brand is widely recognized as a top pick for enthusiasts craving a vehicle that seamlessly incorporates both utility and performance.

Stop by Subaru Orange Coast to choose from any of Subaru’s sedans, wagons, crossovers, and SUVs including the 2017 Subaru Legacy, 2017 Forester, 2017 Subaru Outback, 2017 Subaru Impreza, 2017 Subaru Crosstek, and 2017 Subaru BRZ.

Subaru Orange Coast
Subaru Orange Coast Showroom
Subaru Orange Coast
Subaru Orange Coast Showroom

Stay up-to-date on Subaru Orange Coast by following them on Facebook, Instagram, and Twitter!

https://www.facebook.com/SubaruOrangeCoast
https://www.instagram.com/subaruorangecoast/
https://twitter.com/subaruoc

Connect with Penske Automotive Group on Facebook, Instagram, and Twitter!

https://www.facebook.com/PenskeCars/

https://www.instagram.com/penskecars/

https://twitter.com/PenskeSocial

read more
General

Catching Up with Bobby Fecteau

Bobby Fecteau

Through their continued support of Paralyzed Veterans of America, Penske Automotive Group was given the opportunity to attend this year’s National Veterans Wheelchair Games and catch up with five-time competitor, Army Sergeant Robert “Bobby” Fecteau II.

After a harrowing adventure race accident left him an incomplete tetraplegic in 2010, Fecteau turned to the Wheelchair Games to help him through his rehabilitation and maintain a healthy lifestyle.

“I came along because it was part of the process,” he said. “I overheard the therapist talking to the guy next to me and going through the list of his interests. Once she got to me, I said, ‘Yep. I’m interested in everything.’”

5-years later it was the same story, with Fecteau competing in 9-ball, bowling, rugby, bocce ball, table tennis, and even this year’s special event, olympic bobsledding. Veterans up to the task had the opportunity to go down the same bobsled track olympians went down in the 2002 Winter Olympics, reaching speeds upwards of 80 miles per hour.

Since his injury, Fecteau’s successes haven’t just been limited to the sporting arena; also, completing his MBA in Healthcare, working as healthcare business analyst for Leidos, and finding the time to mentor and motivate others like him. This year, convincing his good friend, Jesse Grahm, to join him and compete in the Games.

“My two daughters inspire me and keep me successful,” said Fecteau. “You can’t only be good at sports, you have to be good at life too.”

Fecteau’s energy and determination was contagious and we could easily see how he has been such an inspiration to so many people.

Read more about Bobby Fecteau’s story here.
Connect with Penske Automotive Group on Facebook, Instagram, and Twitter!
https://www.facebook.com/PenskeCars/
https://www.instagram.com/penskecars/
https://twitter.com/PenskeSocial

read more