Recent events
Recent events tied to this brand in public sources.
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2026
Penske Automotive Group reports third-quarter 2026 results
Penske Automotive Group announced its third-quarter 2026 financial results, reporting revenue of $8.4 billion, up 5% year over year, and net income of $221 million.
2026
Penske Automotive Group announces agreement to be taken private by Penske Corporation and Mitsui & Co.
Penske Automotive Group announced an agreement to be taken private by Penske Corporation and Mitsui & Co., per a PR Newswire release. The available headline does not include transaction terms.
2026
Motown Acquisition Corp to take Penske Automotive private for $212 per share
Penske Automotive said it would be taken private by Motown Acquisition Corp., an entity owned by Penske Corp. and Mitsui, for $212 per share in cash, a nearly 9% premium to Wednesday's closing price of $194.79 per share; the transaction is expected to close in the first quarter of 2027.
2022
Penske Automotive acquires UK dealerships and collision center
Penske Automotive Group acquired three BMW Mini dealerships and a collision center in the United Kingdom; the transaction terms were not disclosed.
2022
Penske Automotive Group acquires TEAM Truck Centres
Penske Automotive Group announced that it had acquired TEAM Truck Centres, adding four Ontario dealerships to its wholly owned Premier Truck Group subsidiary.
2021
Penske Automotive Group acquires Erhard BMW of Bloomfield
Penske Automotive Group announced that it had acquired the Erhard BMW of Bloomfield dealership in Bloomfield Township, Michigan; the transaction terms were not disclosed.
2021
Penske Automotive Group acquires McCoy Freightliner
Penske Automotive Group announced that it had acquired McCoy Freightliner, an Oregon retailer of medium- and heavy-duty commercial trucks. The acquisition adds two dealerships and a remarketing center to its Premier Truck Group subsidiary.
2021
Penske Automotive completes acquisition of Mercedes-Benz of South Charlotte
Penske Automotive Group reported that it had completed the acquisition of Mercedes-Benz of South Charlotte, entering the Charlotte, North Carolina market area.
2021
Penske Automotive Group announces pricing of $500 million notes
Penske Automotive Group announced the pricing of $500 million in 3.75% senior subordinated notes due 2029. The sale was expected to close on June 15, 2021.
2021
Penske Automotive and Premier Truck Group acquire Kansas City Freightliner
Performance Brokerage Services announced the sale of Kansas City Freightliner from Westfall O'Dell Dealer Group to Penske Automotive, Inc. and Premier Truck Group. The purchase included five full-service dealerships, four parts and service centers, and two collision centers.
2021
Penske Automotive completes acquisition of Kansas City Freightliner
Penske Automotive Group and its wholly owned commercial vehicle subsidiary Premier Truck Group completed the acquisition of Kansas City Freightliner, a retailer of medium- and heavy-duty commercial trucks.
2021
Penske rebrands U.S. used vehicle SuperCenters as CarShop
Penske Automotive Group announced that it rebranded its six U.S. used vehicle SuperCenters from CarSense to CarShop, aligning them with its existing CarShop stores in the United Kingdom.