TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%
TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%
TSLA376.3002.58%
GM78.050-0.47%
F12.385-0.095%
RIVN16.520-0.43%
CYD42.2400.37%
HMC24.340-0.14%
TM192.320-3.76%
CVNA409.0506.03%
PAG160.4200.42%
LAD274.920-1.47%
AN203.0700.1%
GPI341.3901.61%
ABG203.0601.05%
SAH71.8400.62%


Penske Automotive Group

Lexus of Warwick

Penske Automotive sells Lexus of Warwick to McGee Automotive Family

- March 30, 2026
Penske Automotive Group has sold its Lexus franchise in Warwick, Rhode Island to the McGee Automotive Family, a New England-based dealership group with roots dating back to 1970. The transaction,...
Daily Automotive News Mergers & Acquisitions Tracker

Penske Automotive Group increases presence in California and Texas

- November 20, 2025
BLOOMFIELD HILLS, Mich., Nov. 19, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations...
Publishing Partners Articles
PENSKE AUTOMOTIVE GROUP INCREASES PRESENCE IN CALIFORNIA AND TEXAS

Penske Automotive Group expands portfolio with $519M acquisition of four dealerships

- November 20, 2025
Penske Automotive Group has strengthened its retail footprint with the $519.4 million acquisition of four dealerships from Penske Motor Group, including Longo Toyota and Longo Lexus in El Monte, Calif.,...
Daily Automotive News Mergers & Acquisitions Tracker
Peneke Automotive Group has completed its acquisition of a Ferrari dealership in Modena, Italy, to expands its European footprint.

Penske Automotive acquires Ferrari dealership in Modena, Italy

- July 7, 2025
Penske Automotive Group has completed its acquisition of a Ferrari dealership in Modena, Italy, which expands its European footprint and luxury portfolio. Located in Emilia-Romagna, a key region in Italy’s...
Headlines Mergers & Acquisitions Tracker
AutoNation and Sonic Automotive are expected to be affected the most by the recent CDK Global outage in their second-quarter earnings.

CDK Global outage set to hit AutoNation and Sonic Automotive hardest in Q2 earnings

- July 18, 2024
According to analysts, AutoNation and Sonic Automotive are expected to be the most affected by the recent CDK Global outage in their second-quarter earnings. Both dealership groups, ranked second and...
Headlines Articles

Penske Automotive acquires world’s largest Ford dealership, Bill Brown Ford

- July 17, 2024
On July 15, Penske Automotive Group acquired Bill Brown Ford in Livonia, Michigan, the world's largest sales volume Ford dealership. This acquisition is expected to add $550 million in annual...
Headlines Articles
Penske Automotive Group, a prominent player in automotive retail, recently reported a significant 28% decline in net income for Q1.

Penske Automotive faces challenges in Q1 with 28% drop in net income

- April 30, 2024
Penske Automotive Group, a prominent player in the automotive retail industry, recently reported a significant 28% decline in net income for the first quarter. This downturn was attributed to several...
Headlines Articles
Penske Automotive

Penske Automotive revenue increased 11% in Q4, beating estimates

- February 9, 2023
Penske Automotive Group's fourth-quarter net income fell due to lower average gross profits for new and used cars sold. The losses from currency exchange increased new-vehicle sales which allowed them...
Articles Headlines

Penske Automotive reports its most profitable quarter to date

- July 28, 2022
Penske Automotive Group has reported its quarterly earnings for Q2 2022. According to a recent press release, Penske produced an all-time record for earnings this quarter. Earnings per share increased...
Articles Headlines
Cox Automotive

Cox Automotive and Penske jointly develop automated vehicle retailing platform for online car buying

- July 26, 2021
Penske Automotive Group and Cox Automotive have debuted an industry-first automated digital retailing platform for vehicle sales. Joining us today to discuss this development, is Marianne Johnson, Chief Product Officer...
Sales & Marketing Daily Automotive News

Latest Articles

FTC invites dealers to report potential pricing issues across the industry. Ford doubles down on U.S. Assembly as trade policies shift industry strategy. Carvana expands its dealership portfolio with a CDJR dealership in Ohio. New car sales drop 7.3% in April, but don't blame buyers. Cox Automotive to acquire Fullpath to expand AI-driven marketing.
Latest Articles 04/25/26

Weekly roundup: FTC wants dealers to report deceptive pricing, Ford boost U.S. assembly, Carvana expands dealership portfolio

Sale of stakes in Bugatti Rimac and Rimac Group marks latest move in Porsche CEO Michael Leiters' sweeping turnaround effort.
Latest Articles 04/24/26

Porsche sells Bugatti Rimac stakes as it shifts focus to gas, hybrid models

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
Latest Articles 04/24/26

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%

Toyota Mobility Foundation Names Innovators in Clean Freight as Detroit Winners of Global Sustainable Cities Challenge
Latest Articles 04/24/26

Toyota Mobility Foundation names innovators in clean freight as Detroit winners of Global Sustainable Cities Challenge

Baumann Auto Group
Latest Articles 04/24/26

Baumann Auto Group acquires Firelands Chevrolet of Norwalk in Ohio

Ford doubles down on U.S. assembly as trade policies shift industry strategy
Latest Articles 04/24/26

Ford doubles down on U.S. assembly as trade policies shift industry strategy

Stellantis to prioritize four core brands in turnaround strategy, sources say The automaker plans to shift funding toward Jeep, Ram, Peugeot, and Fiat while maintaining its broader portfolio. On the Dash: Expect increased product investment and marketing support for Jeep, Ram, Peugeot and Fiat. Regional and niche brands may see reduced volume but more targeted positioning and shared platforms. Platform-sharing and rebadging strategies could affect inventory mix and model differentiation. Stellantis will concentrate most of its investment on four core brands as CEO Antonio Filosa pushes a turnaround strategy set for release May 21, according to a Reuters exclusive. The automaker has identified Jeep, Ram, Peugeot, and Fiat as its priority brands. It will allocate a “material increase” in funding to them, driven by their stronger global sales and profitability, marking a shift away from the company’s previous approach of distributing investment more evenly across its portfolio. Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox. Stellantis will retain its 14-brand lineup, the largest in the industry, and will not shut down underperforming marques. Instead, the company will reposition secondary brands such as Citroën, Opel and Alfa Romeo to operate in regional or niche roles. These brands will rely on shared platforms and technology developed by the core brands while maintaining distinct styling and market identity. The strategy comes as Stellantis works to regain market share in the United States and Europe while facing growing competition from Chinese EV makers. The company earlier reported a 22.2 billion-euro charge tied to scaling back its EV plans, underscoring the urgency of the strategic shift. Its market valuation has also declined significantly in recent months. To support the transition, Stellantis will expand its use of shared “multi-energy” platforms that support electric, hybrid and internal combustion (ICE) vehicles. Additionally, the company is evaluating rebadging strategies and joint development programs, including collaborations with its Chinese partner, Leapmotor. Executives and investors backing the plan expect the increased focus on core brands to improve efficiency and strengthen financial performance. Analysts say Stellantis could still consider further consolidation if results fall short of expectations. Meta description (140 characters) Stellantis to boost funding for Jeep, Ram, Peugeot and Fiat, shifting strategy while maintaining its 14-brand global portfolio.
Latest Articles 04/24/26

Stellantis to prioritize four core brands in turnaround strategy, sources say

Hyundai's profit drops 24% as tariffs, weak global demand persist 
Latest Articles 04/24/26

Hyundai’s profit drops 24% as tariffs, weak global demand persist 

The latest JD Power-GlobalData forecast shows a decline in new car sales in April, but you can blame last year's tariff panic, not today's buyers.
Latest Articles 04/24/26

New car sales drop 7.3% in April, but don’t blame buyers

2026 Subaru Outback: Rugged evolution meets everyday practicality
Latest Articles 04/24/26

2026 Subaru Outback: Rugged evolution meets everyday practicality


CBT News
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