Community News

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.

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

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This article originated from PVA.org.

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://35.172.240.74

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

Scalable, Stand-alone Used Car Centers to Expand PAG’s U.K. OperationsExpected 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://35.172.240.74

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

Whether it’s a member of your family or a friend, most of us know someone who has battled breast cancer. In honor of Breast Cancer Awareness Month, Penske Automotive Group dealerships supported and participated in several “pink” fundraising and awareness initiatives throughout October.

BMW of Warwick donated $50 to the Gloria Gemma Breast Cancer Research Foundation for each vehicle purchased during the month of October! Chevrolet of Turnersville provided customers with special tote bags containing all sorts of pink Chevy swag with the purchase of a new vehicle. Other dealerships offered special vehicle pricing and gifts for customers to help join the fight and spread awareness.

In Texas, Toyota of Pharr provided special pricing on the 2016 Toyota Corolla and Camry, and guests of the Royal Palm Auto Mall, in Florida, enjoyed Pink Ribbon pricing all month long.

Several employees also donated to this great cause, including General Manager, Chuck Caruso, who donated to Making Strides Breast Cancer Walk on behalf of Capitol Honda. Several of the employees at Capitol Honda are shown in the photo participating in the walk.

Penske Automotive Group was delighted to see so many of its dealerships take part in supporting such an important cause. Together, we can make strides towards eradicating this awful disease that touches the lives of so many.

Lexus San Diego also was a sponsor of the local Susan G. Komen breast cancer walk called, Pink da Point this 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

Penske Automotive Group recently attended the 2016 National Veterans Wheelchair Games in Salt Lake City, Utah. Veterans from all over the world compete for gold!

While at the games, we had the opportunity to meet one of the veterans, and executive director for Paralyzed Veterans of America, Sherman Gillums, Jr. to find out what has inspired him since his injury in 2004.

“Coming to the games was the life changing moment for me. It was the first time I was around hundreds of people just like me. The energy and rush of adrenaline of competing gave me the motivation to go back to school, go back to work and most importantly have fun.

It’s natural after a catastrophic injury to experience a period of depression. When you are [at the wheelchair games], it changes your perspective. The nurses and therapists try to keep you motivated but it isn’t the same as being with nearly six hundred other veterans facing the same challenges you are. There is no greater motivation than that.”

“In fact,” laughed Gillums, “At the games, the ‘walkers’ are the minority!”

Hearing his story and then talking with several other veterans at the games, we heard how much Gillums has helped them. He is truly paying it forward.

He is appreciative of all of the support from Paralyzed Veterans of America (Paralyzed Veterans) and everyone who donates and supports through their partner program.

Last year Penske Automotive Group dealerships raised $913,000 in support of Paralyzed Veterans, 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. As of July 2016, with the Penske Automotive Group match, $668,000 has been raised toward the campaign! Thank you to everyone that has donated!

Donations can be made at any Penske Automotive Group dealership. Click here to find the dealership closest to you or you can also donate by clicking here.

 

 

autoblog.com, Originally published: March 01, 2016 5:20AM

Team Penske to Celebrate 50th Anniversary in 2016

MOORESVILLE, NC (January 4, 2016) – Team Penske unveiled its plans today for the year-long celebration of its 50^th Anniversary in motorsports during 2016. The team will wave the green flag on the commemorative activities by displaying an exhibit at the NASCAR Hall of Fame in Charlotte, NC in January. “Celebrating the 50th Anniversary of Team Penske” will be a multi-faceted program that will reach into retail and merchandise, media and fan engagement, sponsor partnerships and special events. Team Penske’s Media Tour at the NASCAR Hall of Fame on January 20 and an employee and partner celebration featuring current and past Team Penske drivers that same evening will serve as the official start of the historic year.

The January 20^th date will coincide with the debut of an exhibit at the NASCAR Hall of Fame dedicated to celebrating the team’s history. The special exhibit will not only focus on Team Penske’s successful NASCAR program, but will showcase cars spanning multiple racing disciplines from 1966 to the present and will include never before seen artifacts and trophies from the Team Penske archives. An additional exhibit focused on Team Penske will debut in February at the Indianapolis Motor Speedway Hall of Fame Museum 100 days before the 100^th running of the Indianapolis 500 in May. That display will not only feature cars representing each Team Penske driver’s first win at the speedway, but will also include vehicles, artifacts and trophies from Penske’s rich 50-year history.

The team will also announce the inaugural inductions into the Team Penske Hall of Fame, a yearly-honor that will be made eligible to current and former drivers and employees who have made a significant impact on the team and its history.

On January 18, Team Penske will be featured in a special pull-out section of the Sports Business Journal, a publication that selected the team as a finalist for its prestigious “Sports Team of the Year” award in 2014. Roger Penske will also be featured as one of the six annual Sports Business Champions in the publication.

“We are very proud of all Team Penske has accomplished over the last 50 years. The celebration of our 50^th anniversary is truly a credit to the hard work, preparation and execution of our teams over the years,” said Roger Penske. “The 2016 season will be a special one in our history as we have the opportunity to reflect back on our heritage while continuing to produce and win at a high level each week on the race track.”

Beginning as Roger Penske Racing in 1966, competing in sports car and endurance events, Team Penske has grown into one of the most successful racing teams – and sports teams – in the world. The team won its class in the 24 Hours of Daytona in its first start and since then Team Penske has produced a combined 424 wins, 487 pole positions and 28 national championships. Those totals include a historic 16 Indianapolis 500 victories, two Daytona 500 wins and the distinction of being the last American constructor to win a Formula One race, coming in 1976 with driver John Watson.

Noted automotive website Jalopnik recently named Team Penske the greatest American racing team of all time.

An extensive media plan will be implemented in 2016 and will bring many of the historic races, drivers, team members and pivotal moments of Team Penske’s past back to the forefront through interviews and features that will target broadcast, print and online media. Already, more than 70 in-depth interviews with current and former drivers, employees, sponsors and other influencers in motorsports have been collected and will be distributed throughout the year.

Team Penske will celebrate the 50^th Anniversary all year long on its social media channels as well, utilizing the #Penske50 hashtag. Over the course of the season, Team Penske will feature current and former driver biographies, historic photographs and videos and will closely examine some of the events that have shaped the team over the years. Team Penske will also partner with Ford and Shell to crown “Team Penske’s Ultimate Fan” in a sweepstakes that will award some unique prizing. Details on the contest will be announced in the coming days.

Current partners will incorporate the newly-created Team Penske 50^th anniversary logo and team history into point of sale and advertising throughout the 2016 season. Many Team Penske sponsors have been a crucial part of the success of the organization and several partners have been associated with the team for 25 years or longer. To further enhance the celebration, many partners will incorporate special paint schemes to be displayed at both NASCAR and INDYCAR events throughout the coming season.

 

Don’t let cold temperatures wreak havoc on your car

Keep these five car-care tips in mind as the mercury plummets. You don’t want to be stranded by a dead battery or get into an accident because you can’t see out your windows. If you haven’t taken some of the mechanical preventive-care steps, do them as soon as you can so you’re prepared for the next big chill.

Keep the battery in good shape

Your vehicle’s battery is especially hard hit when the mercury plummets. Cold temperatures reduce its cranking power. In fact, at about 0° F, a battery has only about half the cranking power it has at 80° F.

To check a conventional battery, remove the plastic caps on the top and check the fluid level. (See your owner’s manual.) If the fluid is low, add distilled water. On maintenance-free batteries, check that the window at the top of the battery indicates a fully charged state. If it’s more than five years old and shows signs of weakness, replace the battery with a top-rated model.

You  can have the battery professionally tested at a service station, auto parts store, or repair shop. A tired battery may just need to be charged. But if it’s defective or just worn out, it’s best to replace it before it goes completely dead. (Check our buying guide and Ratings for car batteries. Worst case, be sure you know how to jump-start a car.)

Replace wiper blades

You have to replace wiper blades more often than you might think. Our tests have found that even the best-performing wiper blades start to lose their effectiveness in as little as six months. Streaks or missed expanses of glass are sure signs that the blades are ready for retirement.

While it’s possible to stretch their life by cleaning the rubber edge of the blade periodically with a paper towel and glass cleaner, it isn’t safe to do that all winter long. Instead, get yourself new blades. We recommend replacing wiper blades as often as twice per year. Most wiper blades are easy to install, and some stores, such as Advance Auto Parts, will perform the replacement work free of charge.

Clear the windows

If you can’t see out the windows, you’re a danger to yourself and everyone around. Don’t try to use the wipers and those brand-new wiper blades to remove ice from the windshield. Instead, use an ice scraper on frosty mornings. If you park outside, place the wipers in the raised position when it’s going to snow overnight to keep them from freezing to the windshield.

With dirt, mud, and salt residue being kicked up off the road, it’s likely that you’ll be using your windshield washers a lot, so keep your windshield-washer reservoir filled with a winter-blend washer solution that contains an antifreeze agent.

Also make sure the heater is functioning properly and that plenty of warm air is being directed to the windshield when it’s in the defrost mode. To help prevent your windshield from fogging up, run the air-conditioning system (with the temperature set at a comfortable level) to dehumidify the air.

Finally, check that all the vehicle’s lights are working properly, so that you’ll have optimum visibility at night and motorists front and rear will be able to see you.

Check the oil

Cold weather can beat up your engine, too. Motor oil thickens when cold, making it harder for the engine to turn over. Check your owner’s manual for the manufacturer’s recommendation. Generally, you should be using multi-viscosity oil that has a “W” in the viscosity index, signifying that it’s formulated for winter use. Typical formulas that are recommended for modern engines include 5W-20, 5W-30, and 10W-30, which provide good oil flow at low temperatures and can often be used year-round. Whenever you have the oil changed, replace the oil filter as well to ensure the system has the maximum amount of flow.

While the car is in the shop, have the radiator and heater hoses checked for cracks, leaks, or contamination from oil or grease. The hoses should be firm yet pliable when you squeeze them. Scrap them if they feel brittle or overly soft.

Try to keep your coolant mixture in a 50/50 ratio of antifreeze and water. This will keep your coolant from freezing until temperatures are well below zero. Colder conditions, however, can call for a 60/40 or 70/30 ratio. Under no circumstances should you use a higher antifreeze-to-water ratio than this.

Consider new tires

Spinning out in the snow and ending up in a ditch isn’t the best way to discover your tires are worn out. So if you’ve been waiting to pick up a new set of tires, don’t delay as your safety depends on tire traction and winter-grade tires tend to be in short supply when the snow begins to fall.

If your area gets occasional snow, a new set of all-season tires should do the job. Look for a highly rated set that has performed well in our snow-traction and ice-braking tests. (Check our tire buying guide and Ratings.) Remember that it’s safest to replace all four tires at one time.

If you live where snow and ice are ever-present, consider buying dedicated winter tires mounted on inexpensive steel wheels. These have tread patterns and rubber compounds specially designed to grip snow and ice for optimum traction on slick roads. Winter tires typically have shorter tread life and generate more road noise than the all-season tires that your vehicle came with. But the extra safety they provide is generally worth the compromise.

Finally, keep a roadside emergency kit in the car.

— Written by Jon Linkov

ConsumerReports.org, Originally published: January 07, 2015 10:00 AM