Penske Automotive Group

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Penske Automotive Group, Inc.
Traded asNYSEPAG
Russell 1000 Component
IndustryAutomotive, Auto Dealerships, Vehicle Parts, Transportation Services, Commercial Vehicles, Commercial Vehicle Dealerships, Truck Parts & Services
FounderRoger Penske
HeadquartersBloomfield Hills, MI, USA
Area served
USA, Germany, Puerto Rico, United Kingdom, Australia, New Zealand, Spain, Italy
Key people
Roger Penske
(Chairman of the Board) & (CEO) J.D. Carlson
ProductsTransportation Services
ServicesFinancial services, Repair
RevenueIncrease US$ 17.2 billion (2014)
Increase $ 504.1 million (2014)
Increase $ 290.1 million (2014)
Total assetsIncrease $ 7.228 billion (2014)
Total equityIncrease $ 1.681 billion (2014)
ParentPenske Corporation
DivisionsSytner Group; Premier Truck Group; Penske Commercial Vehicles; Penske Power Systems

Penske Automotive Group, headquartered in Bloomfield Hills, Michigan, is an international company that operates automotive and commercial dealerships principally in North America and Europe. It also distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. Penske Automotive Group operates across three continents and nine countries representing more than 40 brands. Penske Automotive Group employs more than 26,000 people worldwide and is a member of the Fortune 500.[1]


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.[2]

See also[edit]


  1. ^ "Penske Automotive Group". Fortune. Retrieved 2018-11-18.
  2. ^ Johnson, Kimberly (September 30, 2009). "Penske Saturn Deal Falls Apart: GM To Shut Down Brand". The Huffington Post. Retrieved October 3, 2013.