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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...
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.
I'm considering purchasing a truck from Penske. If you've purchased with Penske what was your experience like? I work with a company that has been in business for 15 years. I only...
Sytner Group’s parent Penske Automotive Group has agreed to go private in a transaction valuing the international business at $16.3 billion.
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...
Both sides have their argument in to the court on the Penske request for a bigger hearing in significant loss. The post Penske request for en banc hearing gets pushback from victim...
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...
Sherry Sanger, executive vice president of strategy and marketing at Penske Transportation Solutions, explains how AI enhances fleet and maintenance operations.
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...
(WXIN/WTTV): For IndyCar drivers, mastering 500 miles is an impressive feat, but how about tens of thousands of them? It's not just the drivers putting the miles in every weekend;...
Propark Mobility announced today a new partnership with William Penn Parking, a Pittsburgh-based provider of valet parking and parking management services that has served the regio...
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...
Plus, railroads raking in cash from fuel fees. We'll also look at Lucid's latest recall, and Porsche's plans to downsize.
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