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Motown Acquisition, an entity jointly owned by Penske and Mitsui & Co., will acquire the dealer group for $212 a share, an 8.8% premium over the stock’s prior closing price.
Penske Automotive has chosen to accept the buyout offer from its two corporate owners for what they do not own already. The post Penske Automotive accepts offer, will be bought out...
Sytner Group’s parent Penske Automotive Group has agreed to go private in a transaction valuing the international business at $16.3 billion.
Latham, N.Y.-based Keeler Motor Car Company and Open Road Capital of Fairfax, Va., announced on Sept. 9 the acquisition of BMW of Tenafly from Penske Automotive Group, marking the...
Team Penske and Chevrolet have enjoyed history of success together in auto racing. The two sides look to add to that history in the future with a contract extension.
Crossroads Automotive Group proudly expands into the Sunshine State with the acquisition of Bartow Ford in Bartow, Florida. BARTOW, Fla., Sept. 5, 2026 /PRNewswire-PRWeb/ -- Crossr...
A new owner acquired Auto Park Ford of LaPorte, taking over his first dealership.
Three dealerships in Blair County will soon have a new name on their buildings as Fiore Automotive Group has been acquired by Preston Auto Group of New Castle,
A recent appellate court decision that went against Penske-related companies has spurred two trucking trade groups into action. The post 2 key trucking groups in filing raise alarm...
Horse Powertrain is entering a market where hybrids have regained ground, carrying a portfolio built for exactly that shift The post Horse Powertrain opens North America office in...
A privately owned AM100 dealer group is expanding with the launch of its own leasing division to target customers in the business, fleet and personal leasing sector.
Sherry Sanger, executive vice president of strategy and marketing at Penske Transportation Solutions, explains how AI enhances fleet and maintenance operations.
Group 1 Automotive’s aftersales leaders will explain how customer retention is supporting growth and profitability at Automotive Management Live.
A network of dealerships representing GM Specialty Vehicles has gone live today to retail Cadillac and Chevrolet pick-up trucks and General Motors premium SUVs to UK motorists.
Step One will donate $1 for every signature collected on its pink Jeep, up to $5000, benefitting Ascension Sacred Heart Foundation. FORT WALTON BEACH, Fla., Oct. 9, 2026 /PRNewswir...
Photo courtesy of Great Lake State Weekend SAULT STE. MARIE, Mich. – What can leaders The post Lake Superior State University (LSSU) Alumnus and Penske Corporation President Bud De...
Advertisement feature from Sandown Group
Holman, a more than 100-year-old automotive services leader, announced on Sept. 8 that it has acquired full ownership of ARIZA, its former 50/50 joint venture with Corporacion Zapa...
Sytner, Vertu Motors, Lookers and Group 1 are among the leading car dealer groups already registered for Automotive Management Live.
Same-day auto parts delivery keeps dealership service bays running on schedule, with ExpressIt Delivery's employee-based driver model built to close the gap when a part is needed i...
Group rebrands acquired Volvo operations in Havant and Petersfield as the family-owned dealer business expands to eight Volvo locations.
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