Penske Automotive Group Inc., as element of succession preparing, named Roger Penske’s son Greg Penske vice chairman of the vehicle retailer, Penske Automotive mentioned Wednesday. The car retailer also introduced two new COO positions, with all changes efficient Jan. 1. Penske Chairman and CEO Roger Penske introduced the moves all […]
Penske
CHICAGO — Penske Automotive Group Inc. is recognizing when to pivot on particular strategies. Acquire its standalone utilised-car organization CarShop, for instance. Retaining in stride with an at any time-evolving current market environment entailed Penske stepping back and putting its used-car or truck method under the spotlight. Before this […]
Penske Automotive Team Inc.’s second-quarter net profits jumped as the organization recorded its most financially rewarding quarter at any time, even amid a slight fall in revenue and lower new- and applied-car or truck sales. Next-quarter web cash flow rose 10 percent from a 12 months before to $375.9 million. […]