Market Overview

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

Related PAG
U.S. Stock Futures Surge After Jobs Data; El-Erian To Discuss Economic Situation
Penske Automotive Acquires 49% Stake In A Japanese Luxury Dealership Group

Penske Automotive Group, Inc. (NYSE: PAG), 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.

Posted-In: News Guidance Asset Sales


Related Articles (PAG)

View Comments and Join the Discussion!

Get Benzinga's Newsletters