Fox Business - The Power to Prosper
Search Site

Penske Automotive Group

Related Topics

  1. Roger Penske
  2. William R. Johnson
  3. Gary Kelly
  4. Paul Jacobs
  5. Greg Brown
  6. Dan Hesse
Get updates on Penske Automotive Group
Daimler Looking to Sell Part of Retail Network - Report

Daimler AG is considering selling parts of its German retail network in an effort to cut costs, a German automotive publication said Sunday.A private equity fund is considering a bid for significant parts of the retail network, the report from Automobilwoche said. Media reports have also mentioned U.S. based Penske Automotive Group as a possible buyer. The German automaker plans to combine some sites and close other locations, but it is not considering selling the entire network, the report said.The company's retail operation pulled in only 10 billion euros ($12.9 billion) in sales in 2012, according to the publication, resulting in a loss of EUR45 million.A Daimler spokeswoman told Dow Jones Newswires that the company is focused on profitability, and added that the company routinely reviews its distribution channels to maintain efficiency and handle changing market conditions.Full story: www.automobilwoche.deWrite to the Frankfurt Bureau at djnews.frankfurt@dowjones.comSubscribe to WS...

Read More ›

  1. Penske's Big Profit Year

    Penske Automotive CEO Roger Penske on the company's most profitable year ever, and the state of the auto industry.

  2. Penske Retracts Bid for Saturn

    FBN's Adam Shapiro on why Penske ended its bid for GM's Saturn brand.

  3. Roger Penske on NASCAR, Sponsors

    Penske Automotive Group Chairman Roger Penske on how being involved in NASCAR has helped the company.

  4. GM to Sell Saturn to Roger Penske

    FBN's Jeff Flock on bankrupt GM's announced sale of its Saturn brand to car dealership operator Penske Automotive Group .

  5. Penske CEO on Deal for GM's Saturn

    Penske Automotive Group CEO Roger Penske and Saturn General Manager Jill Lajdziak weigh in on Penke's deal to acquire GM's Saturn unit.

  6. FOXBusiness.com LIVE: Unemployment Spikes

    The unemployment rate rose to 9.4% in May. What job opportunities are still out there? Check out the full hour of FOXBusiness.com LIVE today.

  7. Good times roll for auto suppliers

    By Ben KlaymanDETROIT (Reuters) - Major auto suppliers blew past profit expectations on Friday, suggesting the recovery in the global auto market remains strong desp...

  8. Roger Penske on NASCAR, Sponsors

    Penske Automotive Group Chairman Roger Penske on how being involved in NASCAR has helped the company.

  9. Home Depot Expands Penske Truck-Rental Pilot To Miami

    NEW YORK -(Dow Jones)- Home Depot Inc. (HD) has expanded its moving-truck-rental collaboration with Penske Truck Rental to include five Miami-area Home Depots, takin...

  10. Penske Retracts Bid for Saturn

    FBN's Adam Shapiro on why Penske ended its bid for GM's Saturn brand.

  1. Former Chrysler, Fisker CEO launches venture fund with Penske

    Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest i...

  2. Mercedes dealer review opens home front in luxury war

    How many Mercedes staff does it take to sell a car? The answer, in the luxury carmaker's German showrooms, is more than it takes to shift an Audi - just part of the ...

  3. Penske Automotive Group Narrowly Tops Estimates

    Earnings HQ: FBN’s Diane Macedo breaks down PAG’s first-quarter earnings report.

  4. Big 3 Automakers Come to Aid of Destitute Detroit

    U.S. automakers joined other Michigan businesses on Monday in donating $8 million for new ambulances and police cars to Detroit as state-appointed emergency manager ...

  5. Penske Net Up 1.9% on Stronger Car Sales

    Penske Automotive Group's (NYSE:PAG) earnings edged up 1.9% in the fourth quarter amid stronger vehicle and same-store sales.Its profit during the latest period was ...

  6. Factbox: U.S. companies delay results due to Sandy

    Dozens of U.S. companies postponed releasing quarterly results after superstorm Sandy hit the U.S. east coast, disrupting power supplies and transportation and flood...

  7. Sandy Delays Quarterly Results

    Dozens of U.S. companies postponed releasing quarterly results as Sandy, one of the biggest storms to hit the United States, pounded the east coast, flooding large p...

Freebase CC-BY
Source: Penske Automotive Group on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL