Tag Archives: roger penske

Brickyard Saturday – Power, Cindric Win for Penske

Posted on 15 August 2021 by Ken Zino

“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 →

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Helio Castroneves Sets Record-Tying Fourth Win at Indy 500

Posted on 30 May 2021 by Ken Zino

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 →

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Penske Automotive Posts All Time Record Q1 Results

Posted on 28 April 2021 by Ken Zino

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 →

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Understeer – Indianapolis 500 Pushed Back Until Late August

Posted on 26 March 2020 by Ken Zino

“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 →

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Penske Automotive Increases Dividend

Posted on 17 October 2018 by Ken Zino

“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 →

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Penske Automotive Group Expands to Northern Italy

Posted on 20 March 2012 by Ken Zino

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 →

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IndyCar Racing to Return to Detroit Next Year

Posted on 7 October 2011 by Ken Zino

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 →

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Smart USA Delivers First ForTwo Electric Vehicle

Posted on 29 January 2011 by Ken Zino

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 →

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