The Penske Automotive Group, Inc. has signed an agreement to acquire the Commercial Vehicles Group from Transpacific Industries Group Ltd. for a purchase price of $219 million. The completion of the transaction is subject to normal closing ...
Tags: Australian Truck
US-based automotive retailer Penske Automotive has signed an agreement with car rental firm Hertz to join its franchising network. Under the agreement, Penske Automotive will buy the assets of Hertz's existing Memphis market, enabling the ...
Tags: Penske Automotive, car rental, franchising network, Hertz
Automotive retailer Penske Automotive has acquired California based Savage BMW/MINI dealerships for an undisclosed amount. The company said it expects the acquired dealerships to contribute about $125m in its annualised revenue. Penske ...
Tags: Penske Automotive, savage BMW/MINI, acquisition, savage dealerships