-
Recent Posts
- Nissan Claims to Kill Wireless Phone Charging Bugs
- Electrify America EV Charging Adds WS Development
- Q3 2025 Airline Profits in Trump Slump
- Honda Recalls 2025 CR-V Fuel Cell EVs
- Ford Motor Eliminates Model E in Profit Seeking About Face
- Wadda You Say? Personalized Sound at Nissan, Infiniti
- Bye Sauber – Hi Audi Revolut F1 Team
- Pre-Owned Vehicle Marketing – Stellantis, Cox Automotive
- Chinese Junk Watch Death Risk – Luyuan Youth ATVs
- ICE Vehicle Mobile Apps – Wide Satisfaction Differences
- Sports Betting Tax Revenues Soaring
- IndyCar Cheating – New Independent Officiating for 2026 Series
- Ford Expands Mustang Cup USA Series in 2026
- GM Canada Leadership Change – Jack Uppal new President
- Toyota Enhances Arizona Proving Ground
Recent Comments
- Magna on its Share Repurchase Plan in reference to on Magna Posts Solid Q3 2025 Earnings Gain
- Daniel Ricciardo Global Ford Racing Ambassador on Ford Performance Rebranded as Ford Racing
- Gen 3 2026 Nissan Leaf Less than $30,000? | AutoInformed on Milestones – Nissan Begins Assembly of 2013 LEAF EV in Tennessee
- ACSI – Customer Satisfaction with Autos Dropping | AutoInformed on New DOGE Scorecard Announced to Track Trump
- Cadillac Off-Roader – Elevated Velocity | AutoInformed on Annals of Marketing – Cadillac Opulent Velocity Concept EV
Archives
Meta
Tag Archives: roger penske
Penske Automotive Group Ups Dividend Again
“We are pleased to provide an increase in the cash dividend to our shareholders,” said Penske Automotive Group President, Robert Kurnick, Jr. “Continued strong cash flow, a healthy balance sheet, and the strength of our operations enables us to increase the dividend and reward our shareholders.” Continue reading
Josef Newgarden Driving a Penske-Chevrolet Wins Accident Marred Indianapolis 500
All told, Newgarden led five laps of the 200. Newgarden started the race 17th on the grid. For Tim Cindric, President at Team Penske, it was the ninth Indianapolis 500 win and the 19th for Roger Penske as team owner; the first came in 1972. However, it was Roger Penske’s first as the owner of the Indianapolis Motor Speedway since he bought it three and half years ago. Continue reading
Corvette Z06 is Pace Car for 107th Indianapolis 500
With a Red Mist (not to be confused with the racer’s meaning of that term. Ah the perils of young communications people) Metallic exterior paint and two-tone Jet Black and Sky Cool Gray with Torch Red accents on the interior, the ‘Vette also has the requisite marketing Indianapolis 500 logos. Continue reading
Penske Automotive Group: Record Q2 Earnings of $500 Million
Penske Automotive Group, Inc. (NYSE: PAG) today said it set all-time record quarterly earnings during Q2 of 2022 as earnings before taxes increased 8% to $500 million. Income From Continuing Operations increased 10% to $374 million. Earnings per share increased … Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, Ken Zino, pag Q2 2022, roger penske
Leave a comment
Honda Beats Chevrolet at the Brickyard. Record Purse Claimed
The Indianapolis 500 purse record was shattered after a chaotic and red-flagged 106th Indianapolis 500 with race-winner Marcus Ericsson taking home $3.1 million from a total purse of $16,000,200. Continue reading
Posted in racing
Tagged auto industry commentary, autoinformed.com, indianapolis 500, irl, Ken Zino, roger penske
1 Comment
Brickyard Saturday – Power, Cindric Win for Penske
“Roger Penske has had a rough year as far as the team goes. I’m really happy for the whole group. Because it’s not for lack of effort,” said Power. They worked really hard during the Month of May and we were all scratching our heads at the end. I’ve been here six times now (five for road course wins, one Indy 500 win) in this Victory Lane; pretty special place for me. This win goes to the whole group; they deserve it more than me.” Continue reading
Posted in people, racing
Tagged Austin Cindric, auto industry commentary, autoinformed.com, indycar, Ken Zino, NASCAR Xfinity Series, roger penske, Will Power
Leave a comment
Helio Castroneves Sets Record-Tying Fourth Win at Indy 500
It is ironic that Castroneves was eased out of Team Penske’s Indy Car Team for a seat racing sports cars. The fan favorite returned to open wheel racing this year and presented Roger Penske – now owner of the Indy 500 – with a reminder that age and cunning often overcome a track full of fast but ultimately losing young racers. That’s what happens when you dance – or race – with stars Continue reading
Posted in racing
Tagged auto industry commentary, autoinformed, autoinformed.com, indianapolis 500, Ken Zino, Meyer Shank Racing, roger penske
1 Comment
Penske Automotive Posts All Time Record Q1 Results
Penske – as a diversified international transportation services company – is a good leading indicator of the overall health of the transportation sectors with the caveat that it is heavily biased toward luxury brands. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed.com, Ken Zino, Q1 2021 Results, roger penske
3 Comments
Understeer – Indianapolis 500 Pushed Back Until Late August
“I am disappointed that we have had to reschedule the Indianapolis 500,” Roger Penske said. “However, the health and safety of our event participants and spectators is our top priority, and we believe that postponing the event is the responsible decision with the conditions and restrictions we are facing.” Continue reading
Penske Automotive Increases Dividend
“Our Board of Directors are pleased to offer our shareholders an increase in the quarterly dividend for the 30th consecutive quarter,” said Penske Automotive Group President Robert H. Kurnick, Jr. Continue reading
Penske Automotive Group Expands to Northern Italy
Penske Automotive Group, Inc. (NYSE:PAG) has formed a joint venture with Andrea Mantellini, the operator of a BMW/Mini dealer group located in Bologna, Italy. The joint venture intends to acquire and operate dealerships in northern Italy, Penske said in a news release today. Mantellini will manage day-to-day operations of the business. Financial terms were not disclosed. Penske appears to be buying a premium brand and entry into the market at presumably fire sale prices. Continue reading
Posted in auto news, economy, marketing, news analysis
Tagged andrea mantellini, auto informed, autoinformed.com, automotive news, eu, eurozone crisis, Ken Zino, mariani bmw, Penske, roger penske
Leave a comment
IndyCar Racing to Return to Detroit Next Year
Next Wednesday Detroit Mayor Dave Bing , Mark Reuss, President, GM North America,
Roger Penske, Chairman, Penske Corporation and Randy Bernard, the CEO, of IndyCar will hold a news conference where they will likely announce that Indy car racing will return to the Motor City. Continue reading
Smart USA Delivers First ForTwo Electric Vehicle
Smart USA has delivered the first Smart ForTwo electric vehicle to a retail customer in the United States. Penske Automotive Group Chairman Roger Penske and Smart USA President Jill Lajdziak made the ceremonial delivery to lessee Mindy Kimball at her home in Silver Spring, MD. Continue reading
Posted in auto news
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, electric vehicle, EVs, jill lajdziak, Ken Zino, mindy kimball, roger penske, smart, smart ForTwo ev, zino
Leave a comment
Penske Automotive Group Buys BMW and Porsche Dealerships
Penske Automotive Group, Inc. (NYSE: PAG)* today announced that it has acquired BMW of Wilmington and Porsche Wilmington. The move increases operations in the luxury vehicle segment. PAG forecasts that it will add ~$140,000,000 in revenue annually. (AutoInformed: Penske Automotive … Continue reading →