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Fairfield’s Virtual Bike Event Supports Paralyzed Veterans of America

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Penske Automotive Group is a proud supporter of the Paralyzed Veterans of America (PVA). Last month, our Fairfield, CT locations put the pedal to the metal for the organization with a virtual bike tour to help support Paralyzed Veterans of America’s Mission:ABLE campaign!

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Employees of Mercedes-Benz of Fairfield, Audi Fairfield and Porsche of Fairfield took turns riding stationary bikes while service customers came out to cheer them on and donate toward the cause. The three stores raised over $5,000 in donations and biked over 1,400 miles during the week-long event. Talk about going the extra mile for a good cause!

April is PVA Awareness Month, and we’re thrilled that we’ve been able to partner with this great organization to bring our veterans the care, support, and honor they deserve.

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Last year Penske Automotive Group dealerships raised $913,000 in support of PVA, and we are hoping to exceed that total this year! In support of the campaign throughout 2016, Penske Automotive Group is matching each donation – up to $500,000. Donations can be made at any Penske Automotive Group dealership! Click here to find a dealership closest to you.

Find more photos and info about the Fairfield Bike Tour event at the dealership’s Facebook and Twitter pages:

Mercedes-Benz of Fairfield Facebook
Porsche of Fairfield Twitter
Porsche of Fairfield Facebook
Audi Fairfield Facebook
Audi Fairfield Twitter 

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Company NewsDealer NewsGeneral

Penske Automotive Acquires Four Franchises

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PENSKE AUTOMOTIVE ACQUIRES FOUR FRANCHISES

WITH APPROXIMATELY $175 MILLION IN ANNUALIZED REVENUE

Acquires Audi, Porsche, Jaguar and Land Rover in New Jersey

BLOOMFIELD HILLS, MI, November 17, 2015 – 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 expected to sell approximately 2,400 new and used vehicles annually, while generating revenue of approximately $175 million on an annualized basis.

Commenting on the acquisition, Penske Automotive Group Chairman Roger S. Penske said, “We are pleased to welcome these four new dealerships to the Penske family. The strong reputation and commitment to serving the customers of the New Jersey/Greater New York area for decades complement the company’s existing footprint in the northeastern United States, while enhancing our premium/luxury brand mix.”

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: 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, recall 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, 2014, 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 and Western Europe, 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 23,000 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/Penskecarscorp

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

 

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Penske Automotive Acquires Land Rover Dealership

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Penske Automotive Group, Inc. 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 Rover brand to our existing automotive dealership operations in Connecticut. For almost 30 years, this dealership has been serving customers in Darien, Greenwich, Westport and Stamford with a dedication to customer service. This brand complements our existing presence with Audi, BMW, Honda, Mercedes-Benz, and Porsche in the Connecticut market and connects our business from Fairfield, through Darien and into Greenwich, allowing us to continue scaling our operations.”

[Source: PenskeAutomotive.com]

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