Penske Automotive Group


Penske Automotive Group

Penske Automotive Group (NYSE|PAG), headquartered in Bloomfield Hills, Michigan, is the world's second largest automotive dealership group. Previously called UnitedAuto Group, on July 2, 2007 UAG changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG. [ [http://phx.corporate-ir.net/phoenix.zhtml?c=82644&p=irol-newsArticleHome&ID=1021415&highlight= UnitedAuto Changing Name to Penske Automotive Group, Inc.] June 29, 2007]

PAG operates 253 retail automotive franchises, representing 40 different brands, and 40 collision repair centers. PAG is a member of the Fortune 500 and Russell 2000, and has approximately 15,000 employees. PAG has 152 franchises in 19 U.S. states, selling new and previously owned vehicles, finance, insurance products, replacement parts, and offers maintenance and repair services on all brands it represents. Outside the United States it has operations in Puerto Rico, Germany and 110 franchises in the United Kingdom via the Sytner Group.

ee also

*Sytner Group operations in the United Kingdom
*Penske Corporation
*Penske Motor Group

References

Further reading

*cite book | last = Plunkett | first = Jack W. | title = Plunkett's Retail Industry Almanac 2006 | publisher = Plunkett Research Ltd. | date = 2005 | pages = pp. 10 | url = http://books.google.com/books?vid=ISBN1593920555&id=uNnhVpJlDqQC&pg=RA102-PA10&lpg=RA102-PA10&ots=EpNdKlLZQ-&dq=%22united+auto+group%22&sig=z9ZI_Fw0_PfiGfHTp8UKhAlNw2w | id = ISBN 1-59392-055-5
* [http://money.cnn.com/magazines/fortune/fortune500/snapshots/1491.html Fortune 500: United Auto Group] , "CNN," April 17, 2006.

External links

* [http://www.penskeautomotive.com Penske Automotive Group corporate website]


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