Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that manages a fleet of over 400,000 trucks, tractors, and trailers providing innovative transportation, supply chain, and technology solutions to North American fleets. PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes and is ranked among the World's Most Admired Companies by Fortune Magazine.
Penske Automotive was founded as United Automotive Group in 1990 and was acquired by Penske Corporation and Roger Penske in May 1999. 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.
On June 5, 2009, it was announced that Penske Automotive would purchase the Saturn brand and its assets from the bankrupt General Motors. Less than four months later, on September 30, Penske announced it would no longer acquire Saturn from GM due to manufacturing uncertainties.[1]
penske, automotive, group, headquartered, bloomfield, hills, michigan, international, transportation, services, company, that, operates, automotive, commercial, truck, dealerships, principally, united, states, canada, western, europe, distributes, commercial, . Penske Automotive Group Inc headquartered in Bloomfield Hills Michigan is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States Canada and Western Europe and distributes commercial vehicles diesel engines gas engines power systems and related parts and services principally in Australia and New Zealand Additionally PAG owns 28 9 of Penske Transportation Solutions a business that manages a fleet of over 400 000 trucks tractors and trailers providing innovative transportation supply chain and technology solutions to North American fleets PAG is a member of the Fortune 500 Russell 1000 and Russell 3000 indexes and is ranked among the World s Most Admired Companies by Fortune Magazine Penske Automotive Group Inc TypePublic companyTraded asNYSE PAGRussell 1000 componentIndustryAutomotive Auto Dealerships Vehicle Parts Transportation Services Commercial Vehicles Commercial Vehicle Dealerships Truck Parts amp ServicesFounded1990 33 years ago 1990 FounderRoger PenskeHeadquartersBloomfield Hills Michigan U S Area servedUnited States Germany United Kingdom Ireland Australia New Zealand Spain ItalyKey peopleRoger Penske Chairman of the Board amp CEO J D Carlson CFO ProductsTransportation ServicesServicesFinancial services RepairRevenueUS 22 8 billion 2019 Operating incomeUS 664 9 million 2019 Net incomeUS 470 3 million 2019 Total assetsUS 10 904 billion 2019 Total equityUS 2 634 billion 2019 ParentPenske CorporationDivisionsSytner Group Premier Truck Group Penske Commercial Vehicles Penske Power Systems CarShop Contents 1 History 2 External links 3 See also 4 ReferencesHistory EditPenske Automotive was founded as United Automotive Group in 1990 and was acquired by Penske Corporation and Roger Penske in May 1999 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 On June 5 2009 it was announced that Penske Automotive would purchase the Saturn brand and its assets from the bankrupt General Motors Less than four months later on September 30 Penske announced it would no longer acquire Saturn from GM due to manufacturing uncertainties 1 External links EditOfficial website Business data for Penske Automotive Group Inc BloombergGoogleReutersSEC filingsYahoo See also EditSytner Group Penske CorporationReferences Edit Johnson Kimberly September 30 2009 Penske Saturn Deal Falls Apart GM To Shut Down Brand The Huffington Post Retrieved October 3 2013 This corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Penske Automotive Group amp oldid 1134269790, wikipedia, wiki, book, books, library,
