Penske Acquired Two California Dealerships
8 Feb 2010, 14:17 UTC · By: Alex Vasile / The serious drop in car sales caused a record number of dealer closures in 2009. The number of new car dealerships in the US dropped by 1,605 stores last year, leaving 18,841 dealerships standing. T...
Penske Donates Trucks to Support Haiti Relief Efforts
8 Feb 2010, 07:59 UTC · By: Alina Dumitrache / Following Bill Clinton’s call for 100 trucks to be sent to Haiti, Penske Corporation announced it has donated over $1 million worth of diesel-powered flatbed trucks (40 units) to the Clinton B...
Three Rossmeyer HD Dealerships Bought by Penske
29 Jan 2010, 10:57 UTC · By: Alina Dumitrache / Those of you who were left wondering what will happen with one of the largest Harley-Davidson dealership chains after their owner, Bruce Rossmeyer died in July last year, should find out that three ...
Penske Corp. To Decrease Stake in Penske Automotive
23 Jan 2010, 14:06 UTC · By: Alexandru Radu Chis / The Bloomfield Hills, Michigan-based Penske Corporation announced it will reduce its stake in Penske Automotive Group Inc. from 40 percent to 35 percent. This will be done through a secondary offer...
Dodge Gears Up for 2010 Season, First Nationwide Corporate Presence Since 2001
21 Jan 2010, 13:33 UTC · By: Daniel Patrascu / With the official debut of the 2010 NASCAR season only weeks away, the Motorsports division of American manufacturer Dodge announced its objectives for the future season, without aiming high. Accord...
Jill Lajdziak Becomes smart USA President
5 Jan 2010, 08:29 UTC · By: Daniel Patrascu / Jill Lajdziak, the former CEO of GM's Saturn, has been appointed President of smart USA by Penske Automotive Group, the retailer of the German brand in the United States. Lajdziak's appoi...
Steve Addington, Kurt Busch’s New Crew Chief
15 Dec 2009, 09:41 UTC · By: Daniel Patrascu / In preparation for the 2010 season, Penske Racing announced yesterday the appointment of Steve Addington as Kurt Busch’s No 2 Miller Lite Dodge crew chief, replacing Pat Tryson, who will be em...
Saturn, End of a Different Kind of Car Company
2 Nov 2009, 07:59 UTC · By: Daniel Patrascu / Rarely in the automotive industry has a punch-line characterized the philosophy behind a brand better than the tag line chosen by Saturn's advertising people in its early days. Although aware ...
Penske Dealers Sued Over Scrappage Refund
27 Oct 2009, 07:59 UTC · By: Daniel Patrascu / Usually, a news about a New York consumer engaging in a class action against automotive dealer Penske over a scrappage refund would have passed unnoticed, if not for the American taste for precedent...
GM Announces Official Termination of Saturn Brand and Dealers
26 Oct 2009, 13:11 UTC · By: Daniel Patrascu / In what may be called the sad news of the day from the automotive industry, American manufacturer GM announced through its CEO, Fritz Henderson, that the final decision about the termination of both...
What Saturn Needs to Survive
6 Oct 2009, 10:12 UTC · By: Daniel Patrascu / The soon-to-be dead American brand Saturn is not in such a big deep "something" some would like to believe. According to Todd Ingersoll, Saturn Retailer Council member, all the brand would...
Renault Puts Another Nail in Saturn's Coffin
4 Oct 2009, 10:59 UTC · By: Daniel Patrascu / Last week’s announcement that Penske had a swift and unexpected change of heart, body, mind and soul in taking over GM’s Saturn left many wondering if and with who Saturn will survive. M...
Penske Pulls Out of Saturn Deal, GM to Kill the Brand
1 Oct 2009, 07:22 UTC · By: Bogdan Popa / Penske Automotive Group, the "new owner" of Saturn as some media publications around the world named it, yesterday decided to pull out of negotiations. Unfortunately for those of you who h...
Saturn Sale to Complete This Week
29 Sep 2009, 13:24 UTC · By: Daniel Patrascu / The sale of Saturn to Penske may conclude as soon as tomorrow, according to a report published by a US paper. The announcement of the sale is expected to be made as soon as Thursday, as previously h...
Penske to Kill Saturn Brand in Canada
31 Aug 2009, 14:09 UTC · By: Bogdan Popa / Although it was seen as a life-saving move that could bring Saturn back on track in the markets in which it sells cars, Penske's purchase of the company proves to be a huge restructuring proces...
Penske-Saturn Deal on Track
30 Jul 2009, 08:28 UTC · By: Daniel Patrascu / Unlike its European counterpart Opel, American brand Saturn has not caused much of a stir in the States when it was put up for sale. And, again, unlike Magna's now uncertain takeover of Opel, P...
Penske to Ask Saturn Dealers to Continue
9 Jun 2009, 12:49 UTC · By: Daniel Patrascu / The almost last minute save of GM's brand Saturn from the projected extinction by Penske also means a breath of fresh air for Saturn's dealers. According to a report by Autonews, Saturn�...
Confirmed: Penske Takes Over Saturn
5 Jun 2009, 14:58 UTC · By: Daniel Patrascu / As was to be expected since the early hours of the day, the official confirmation of Penske's takeover of Saturn came from GM. The catch phrase of the deal: save some 13,000 jobs from some 350 ...
Castroneves Wins 3rd Career Indy 500
25 May 2009, 08:25 UTC · By: Ovidiu Panzariu / Only five weeks after being exonerated from his tax evasion charges by the jury in Miami Federal Court, Helio Castroneves is living one of his most fulfilling weekends in his IndyCar career. The Tea...
Helio Holds First Shot at Securing 2009 Drive with Penske
14 Jan 2009, 11:56 UTC · By: Ovidiu Panzariu / Team Penske's owner Tim Cindric has been more than specific regarding Will Power's role with his team throughout the 2009 IndyCar season. While appointing the Australian as replacement for...