Penske Automotive Group Q3 Profit Rises - Update
RTT News
(RTTNews) - Penske Automotive Group, Inc. (PAG: News ) Friday reported a rise in profit for the third quarter, despite a decline in revenues, helped by higher gross margins and lower interest and selling, general and administrative expenses...
UPDATE 2-Penske profit up on cost-cutting
Reuters
* Cost-cutting, Cash for Clunkers boost earnings DETROIT, Oct 30 (Reuters) - Penske Automotive Group ( PAG.N ), the No. 2 U.S car dealership group by sales, reported a 23 percent increase in quarterly earnings Friday on cost-cutting and a b...
Kilpatrick: Karmanos, Penske gave me loans
Detroit Free Press
Kilpatrick said he believed Moroun, the owner of the Ambassador Bridge and an international trucking company, gave his wife and children money while he was in jail. He said he didn't know how much Moroun gave them. Siringas asked if others ...
Penske Automotive Reports Third Quarter Results
MSN Money
Penske Automotive Group, Inc. PAG , an international automotive retailer, today reported third quarter adjusted income from continuing operations attributable to PAG of $30.9 million, or $0.34 per share attributable to common shareholders, ...
Penske, Gilbert, Karmanos, Nicholson loaned Kilpatrick $240K
Detroit News
Detroit -- Ex-Detroit Mayor Kwame Kilpatrick testified in court today he received a $240,000 loan the day after he left jail in February from four high-profile individuals: Roger Penske, Jim Nicholson, Dan Gilbert and Pete Karmanos. Kilpatr...
Penske Automotive sued over scrappage refund
Automotive News
DETROIT -- A consumer in New York is seeking class-action status for a lawsuit accusing Penske Automotive Group Inc. of not passing along the money received from a scrappage company for a vehicle traded in under the cash-for-clunkers progra...
Report Details $240,000 Loan to Kilpatrick
WXYZ
He's also bound by a confidentiality agreement and must repay $60,000 each, plus interest, to Peter Karmanos, Roger Penske, Jim Nicholson and Dan Gilbert. ___ Information from: Detroit Free Press, http://www.freep.com ©2009 Associated Press...
'Cash for clunkers' boosts Penske earnings 23 percent
Detroit News
Penske Automotive Group, headed by Detroit auto icon Roger Penske, posted a 23 percent increase in third-quarter earnings today thanks to a boost from the federal "cash for clunkers" program and cost cutting. The company reported net income...
Penske Automotive 3Q Profit Rises 16 Percent
ABC News
Penske Automotive Group said Friday its third-quarter profit rose 16 percent, as sales spurred by the government's Cash for Clunkers program and lower expenses offset costs stemming from its failed effort to buy General Motors Co.'s Saturn ...
Parker Kligerman to run limited Nationwide schedule for Penske Racing ...
Scene Daily.com
TALLADEGA, Ala. – Penske Racing President Tim Cindric said Friday at Talladega Superspeedway that Parker Kligerman will compete in a limited NASCAR Nationwide Series scheduled in 2010. Kligerman, the runnerup in the ARCA Re/Max Series stand...
West Hartford Council Candidate Gets Endorsement Of Roger Penske
Hartford Courant
WEST HARTFORD — - Races involving cars, not candidates, usually attract Roger Penske, owner of a national champion racing team and founder of Penske Corp., a transportation services company that employs 36,000 people worldwide. But the entr...
Penske, Karmanos respond to Kilpatrick loan
Detroit Free Press
Roger Penske just issued a statement following the testimony of Kilpatrick this afternoon that he was one of four Detroit-area business leaders who contributed to a $240,000 loan for the ex-mayor: “Together with several other business leade...
Keselowski To Replace Stremme at Penske Immediately
Examiner
Penske Racing announced Monday that Brad Keselowski will compete in the final three NASCAR Cup Series races of the 2009 season. Keselowski will replace driver David Stremme in drive the No. 12 Penske Dodge in the upcoming races at Texas (No...
Penske confirms plan for three Indy-cars--and no sports cars--in 2010
Autoweek.com
Tim Cindric, president of Penske Performance Inc., told AutoWeek on Tuesday that the team plans to have Will Power join Helio Castroneves and Ryan Briscoe as a full-time IndyCar Series participant. “It's not done yet, but we're closer,” Cin...
