-
Recent Posts
- Annals of Marketing – Curated by Cadillac Escalade IQ
- Penske Automotive Group Take Private Proposal Advisors Set
- Alex Palou All But Assured of 2026 NTT IndyCar Series Title
- Seat Belt Recalls – Alfa Romeo Tonales and Dodge Hornets
- Ram 2019-26 Model-Year Seat-Belt Recall on ~1.3M!
- California Starts MyFirstEV Instant Rebate Program
- Brawley GTS ROVS Recalled for Sudden Acceleration
- Premium Vehicle Buyers Defecting to Mainstream Brands!
- Federal Offense! Higher Prices, Transportation Costs, and Other Economic Blows From King Trump Tariffs
- Subaru to Enter the ‘Captive Finance Business’ by 2030
- Goodyear Posts Q2 2026 Net Loss of $204 Million
- UAW Clout in Michigan Apparent in Primary Wins
- SMMT – Battery Electric Cars Sales Set Record in England!
- General Motors and Chinese SAIC Motor Lengthen JV to 2047!
- Center for Automotive Research on “China Speed”
Recent Comments
- Nissan Motor on Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year
- Jeff Badman on Ford Motor Recalls 850,000 Vehicles for Sudden Stalling
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
Archives
Meta
Tag Archives: roger penske
IndyCar – Penske Fires Senior Leadership Team
Team Penske announced today the departures of IndyCar Team President, Tim Cindric, IndyCar Managing Director, Ron Ruzewski and IndyCar General Manager Kyle Moyer from the organization. The move comes from the turbulence created by an aerodynamic cheating scandal during qualifying for the 119th Indianapolis 500.
“Nothing is more important than the integrity of our sport and our race teams. We have had organizational failures during the last two years, and we had to make necessary changes. I apologize to our fans, our partners and our organization for letting them down,” said Roger Penske, who owns the IndyCar Series and the Speedway. Continue reading
Posted in auto news, fools 'n frauds, news, news analysis, people, racing, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Josef Newgarden, Ken Zino, Penske Entertainment, roger penske, Team Penske, Will Power, X @KenAutoinformed
Leave a comment
Penske Automotive Group – Q1 2025 +13% Net Income
Penske Automotive Group (NYSE: PAG) today posted Q1 2025 financial results that showed record first quarter revenue with an increase of 2% to $7.6 Billion. Adjusted earnings before taxes increased 5% to $310 Million. Adjusted earnings per share increased 6% to $3.39.
“Our diversified international transportation services business generated record first quarter revenue, the seventh consecutive quarter of stable gross margin, and a 70-basis point improvement of adjusted selling, general, and administrative expenses as a percentage of gross profit. New and used vehicle gross profit per unit retailed remained consistent and strong with new vehicle gross declining only $87 per unit while used vehicle gross increased $352 per unit when compared to the fourth quarter of 2024,” said Chair Roger Penske. Continue reading
Posted in economy, financial results, mobility company, news, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, pag, Penske Automotive Group Q1 2025 financial results, Premier Truck Group, roger penske, Sytner Select, X @KenAutoinformed
Leave a comment
Penske Automotive Group Posts Record Q4 Revenue of $7.7B
“I am pleased with our financial performance during the fourth quarter. Revenue increased 6% to $7.7 billion, a quarterly record. New and used automotive gross profit per unit retailed remained strong, including a $74 per unit sequential increase in new vehicle gross profit per unit retailed when compared to the third quarter of 2024, and same-store service and parts revenue and gross profit increased 7% and 9%, respectively,” said Chair Roger Penske.
The Company’s Board of Directors has approved a quarterly dividend of $1.22 per share, representing an increase of 2.5%, or $0.03 per share. This represents the Company’s 17th consecutive quarterly increase. The dividend is payable March 6, 2025, to shareholders of record as of February 24, 2025.
Continue reading
Posted in auto news, economy, insurance, marketing, mobility company, news analysis, results, sales, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, penske automotive group, Penske Transportation Solutions, Premier Truck Group, roger penske, X @KenAutoinformed
Leave a comment
Penske Automotive Group Posts Lukewarm Q2 Results
“I am pleased to see that our service and parts business remains strong and contributed to our record total quarterly revenue of $7.7 billion. In addition, our focus on efficiency and controlling costs drove a sequential decline in selling, general, and administrative expenses as a percentage of gross profit by 50 basis points to 70.2%,” said Chair and CEO Roger Penske, which is more or less what he said about Q1 results. Continue reading
Old Fashion Racing as Newgarden’s Daring Pass Wins Indy 500
Multiple early-race caution flags prompted different pit strategies among the 33 starters. Consistent with NTT IndyCar Series competition, the strategies played out during the final 40 laps as the battle for the win was fought out between five drivers. But in the end it wasn’t strategy, but pure driving skill and daring commitment that led to victory. Continue reading
Posted in news analysis
Tagged 08th running of the Indianapolis 500, Arrow McLaren Chevrolet, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, David Salters, Honda Racing US, Josef Newgarden, Ken Zino, Pato O’Ward, Penske, roger penske, Shell Team Penske Chevrolet
Leave a comment
Penske Automotive Group 2024 Q1 Earnings Drop
“Our retail automotive service and parts revenue grew 9% to a quarterly record of $746 million. During the quarter, we experienced a recovery across our used vehicle retail automotive operations with profitability improving sequentially by $428 per unit retailed. Further, I was pleased with our focus on controlling costs as selling, general, and administrative expenses as a percentage of gross profit improved by 30 basis points sequentially to 70.7%,” said Roger Penske Chair and CEO. Continue reading
Posted in auto news, financial results, manufacturing, mobility company, news analysis, results, transportation
Tagged auto industry commentary, autoinformed.com, automotive and commercial truck retailers, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, penske automotive group, roger penske
1 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
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
Penske Automotive Group Increases Dividend Again
“We are pleased to provide shareholders with another increase in the quarterly dividend, reflecting the continued strength of our balance sheet and strong cash flow,” said Penske Automotive Group President Robert H. Kurnick, Jr Continue reading →