BLOOMFIELD HILLS, Mich.--(Business Wire)--Penske Automotive Group, Inc. (NYSE:PAG), an international
automotive retailer, is pleased to announce the opening of Royal Palm
Toyota Scion located in Royal Palm Beach, Florida. This dealership is
part of a new automall being developed by Penske Automotive Group in
this city near Palm Beach, Florida. The new automall will include the
Toyota Scion dealership along with Nissan and Mazda franchises that
are expected to open later this year.
Royal Palm Toyota Scion is a newly built open point for the Toyota
Scion brands. Penske Automotive Group President, Roger S. Penske Jr.,
said, "We are thrilled with the opportunity to represent the Toyota
and Scion brands in this developing market. Our newest dealership is
built on 12 acres and includes more than 45,000 square feet of
facilities, 29 service bays and provides customers with an array of
amenities to complement their vehicle purchase and service
experience."
Penske Automotive Group, Inc., headquartered in Bloomfield Hills,
Michigan, operates 315 retail automotive franchises, representing 40
different brands, and 26 collision repair centers. Penske Automotive,
which sells new and previously owned vehicles, finance and insurance
products and replacement parts, and offers maintenance and repair
services on all brands it represents, has 170 franchises in 18 states
and Puerto Rico and 145 franchises located outside the United States,
primarily in the United Kingdom. Penske Automotive is a member of the
Fortune 500 and Russell 1000 and has 16,000 employees.
Statements in this press release may involve forward-looking
statements, including forward-looking statements regarding Penske
Automotive Group, Inc.'s dealerships in development. Actual results
may vary materially because of risks and uncertainties, including
receipt of requisite approvals and external factors such as interest
rate fluctuations, changes in consumer spending and other factors over
which management has no control. These forward-looking statements
should be evaluated together with additional information about Penske
Automotive's business, markets, conditions and other uncertainties,
which could affect Penske Automotive's future performance, which are
contained in Penske Automotive's Form 10-K for the year ended December
31, 2006, and its other filings with the Securities and Exchange
Commission and which are incorporated into this press release by
reference. This press release speaks only as of its date, and Penske
Automotive disclaims any duty to update the information herein.
Penske Automotive Group, Inc.
Bob O'Shaughnessy, Chief Financial Officer, 248-648-2800
boshaughnessy@penskeautomotive.com
or
Tony Pordon, Senior Vice President, 248-648-2540
tpordon@penskeautomotive.com
Copyright Business Wire 2008
