Penske Automotive Group
Latest Penske Automotive Group News
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Mercedes takes over Smart cars from Penske
Monday that it is taking over distribution of the iconic but slow-selling Smart microcars in the U.S. from Penske Automotive Group . The move is in keeping with a move by Daimler, the German parent of Mercedes-Benz and Smart, to integrate
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GM to shut down Saturn after deal with Penske falls apart
making Saturn vehicles this year and wind down the brand by the end of 2010. Saturn's last hope, a sale to Penske Automotive Group , fell apart Wednesday afternoon. A Penske statement said it was notified that its tentative deal with an undisclosed
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GM cancels plug-in Buick crossover
vehicle — which had not been named — was originally destined for the Saturn brand, which GM is now selling to Penske Automotive Group . The decision was made during an executive committee meeting last Friday, Stephens said, adding that the move
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Shut Out: Consumers Fuming Over Cash for Clunker Shortfall
what happened. You need to get money into the hand of the consumer if you want to drive activity." But at the Penske Automotive Group , the nation's second largest auto dealer network, no new deals are being made today, according to spokesman
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GM nearing deal to sell Saab unit
four core brands: Chevrolet, Cadillac, Buick and GMC. Last week, GM said it found a buyer for Hummer in China's Sichuan Tengzhong Heavy Industrial Machinery, and it announced that Penske Automotive Group would buy the Saturn brand.
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GM to Unload Saturn
already using your product," Penske, head of Penske Automotive Group , told ABC News. "I think it's going to be really had to feed many brands," Penske said. Penske Automotive Group , based in Bloomfield Hills, Mich., consistently
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Penske to buy Saturn; GM will make cars for brand for 2 years
sufficient. Saturn would be wholly owned by the Penske Automotive Group . Penske said he hopes retired Chrysler President into United Auto Group Inc., now called the Penske Automotive Group . The group is the second-largest auto dealer
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Hummer Bummer: Brand's Demise Enrages, Delights
announced in September, 2009 that it was ending production on the brand after a tentative deal to sell Saturn to Penske Automotive Group fell through. Introduced to the market in 1990 by General Motors, the brand was designed to compete with foreign
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Mercury's Demise Met With Sadness, Shrugsannounced in September, 2009 that it was ending production on the brand after a tentative deal to sell Saturn to Penske Automotive Group fell through. Introduced to the market in 1990 by General Motors, the brand was designed to compete with foreign
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Missing Saturn Already: Consumers Nostalgic Over Auto Brand
Motors announced yesterday that it was ending production on the brand after a tentative deal to sell Saturn to Penske Automotive Group fell through. GM has been shedding brands as part of larger effort to restructure and revive the bailed-out
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'Orphan' Smart cars pile up as buyers back out
8-foot-8-inch Smart car is made by Daimler, better known for Mercedes-Benz, and distributed in the U.S. by Penske Automotive Group pag . Among dealers with too many cars: •Smart Center Pittsburgh. It has about 15 cars. "We've seen a few
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Smart puts 'high level of safety into very small package'sale earlier this year at list prices ranging from $11,590 to $16,590. Smart USA is part of Detroit's Penske Automotive Group pag , which struck a deal to import the little cars that are already sold throughout the world under a deal with
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America crazy about breadbox on wheels called Smart car
that's in keeping with its quirkiness, Daimler won't sell Smart directly in the USA. That duty falls to the Penske Automotive Group , the nation's second-largest dealer chain. "I'm overwhelmed by the interest," says Roger Penske
