Penske - automotive industry company news 
BELGIUM: EU clears sale of VM Motori
30 March 2011
Fiat, through its Powertrain division, has been given EU approval to buy the 50% stake in Italian diesel engine manufacturer VM Motori currently owned by the Penske Corp. General Motors retains ownership of the other half of the company.
US: Smart distribution changing hands
15 February 2011
Mercedes-Benz is to take over distributing the Smart brand from Penske Automotive Group in a move that appears to have been prompted by corporate model range average fuel economy rules.
BRIEFING: Review of 2010 (second half)
23 December 2010
Like any year in the auto industry, 2010 saw its fair share of company ups and downs, industrial comings and goings, and a fair old sprinkling of corporate drama. We covered it all on just-auto. Editor Dave Leggett sifts through the lot and picks out a few highlights from the year just gone, month by month. This is part two and covers the second half of the year.
US [updated]: Smart and Nissan to collaborate on five-door hatchback
6 October 2010
The first major product tie-up has emerged since Smart parent company Daimler last April signed a cooperation deal with the Renault-Nissan alliance, focusing initially on small cars, light commercial vehicles and engines. Penske Automotive Group (PAG) unit Smart USA Distributor has signed a memorandum of understanding (MOU) with Nissan Motor to collaborate on a new five-door, petrol-powered B-segment hatchback car for sale in the United States.
SEPTEMBER MANAGEMENT BRIEFING: Automotive logistics (Part 3 - The rise of the LSPs)
30 September 2010
The balance and progress of in- and outsourcing logistics strategies in both inbound and outbound at the major OEMs over the last decade, and the consequent rise of logistics service providers (LSPs) has in some ways mirrored the varying integration of component making at the larger carmakers.
US [updated 16:35]: GM buying AmeriCredit to target subprime and lease markets
22 July 2010
General Motors on Thursday said it would acquire independent auto finance company AmeriCredit, in an all-cash transaction for US$3.5 bn, "to meet customer demand for leasing and non-prime financing for GM vehicles", giving it a captive finance arm for the first time since 2006 when it sold control of GMAC, (recently renamed Ally Financial).
US: EV subsidies needed - Penske
14 January 2010
Top US car dealer Roger Penske has said electric car sales in the United States would require continued government subsidies.
US: Penske eyes Detroit three dealerships
14 January 2010
Roger Penske, chairman of the second largest US auto dealer company, Penske Group, and a recent bidder for General Motors' Saturn unit, is considering buying GM, Chrysler and Ford dealerships but said the Detroit three and their retailers needed stronger support from finance partners.
THE WEEK THAT WAS: Who'd buy a car company?
18 December 2009
Who'd buy a car company? That thought must be crossing a few minds at General Motors' Renaissance Centre HQ in Detroit today after the latest deal to sell some family silver fell through.
US: Smart snares Saturn supremo
8 December 2009
Smart USA Distributor, a Penske Automotive Group (PAG) subsidiary, has recruited former Saturn general manager Jill Lajdziak as vice president, sales and marketing.
THE WEEK THAT WAS: More GM machinations
27 November 2009
Another week, another round of General Motors-related machinations. This week they included Saab and the likely demise thereof.
CANADA/US: GM targets 'free agent' buyers
24 November 2009
General Motors has begun a major push to hang on to its US and Canadian 'free agents' - drivers of Pontiac and Saturn vehicles who have no brand to call home because GM is killing off those two divisions.
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Penske Corporation: SWOT Analysis & Company Profile
Business Review’s Penske Corporation contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.
Penske Automotive Group, Inc. - SWOT Analysis
Datamonitor's Penske Automotive Group, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Penske Automotive Group, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Penske Automotive Group (Penske Automotive) is an automotive retailer. The company also offers maintenance and repair services. Penske Automotive operates in the US. It is headquartered in Bloomfield Hills, Michigan and employs about 13,900 people. The company recorded revenues of $9,523.1 million during the financial year ended December 2009 (FY2009), a decrease of 18.2% compared to FY2008. The operating profit of the company was $209.1 million during FY2009, as compared to operating loss of $401 million in FY2008. The net profit was $76.5 million in FY2009, as compared to net loss of $420 million in FY2008.
Penske Corporation - Strategic Analysis Review
Penske Corporation (Penske) is a diversified transportation services company based in the US. It is a holding company comprising various group companies, which are engaged in retail sales of automobiles, leasing of trucks, supply chain management, and transportation parts manufacturing. In addition, it offers maintenance and collision repair services. The various group companies and joint ventures include Penske Automotive Group, Penske Truck Leasing, Penske Motor Group, Penske Logistics, VM Motori, Truck-Lite, QEK Global Solutions, DAVCO Technology LLC, and Penske Racing. Penske manages its operations principally across the US and also has presence in Europe.
