Penske Buys BMW/Mini Dealerships; Sees Added $125M in Yearly Revenue

Penske Automotive Group, Inc.

, an international automotive retailer, today announced that the Company has acquired Savage BMW/MINI of Ontario, located in Ontario, California. Savage BMW/MINI of Ontario is ranked in the top twenty-five percent of BMW dealerships in the United States according to new unit volume. The acquired dealerships are expected to contribute approximately $125 million in annualized revenue.