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