Automobile retailer

Penske Automotive Group Opens New Toyota Scion Dealership in Royal Palm Beach, Florida

BLOOMFIELD HILLS, Mich., Jan 07, 2008 (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.

Penske Automotive Group, Inc. to Participate in Stephens Fall Investment Conference

Penske Automotive Group to Participate in Stephens Fall Investment Conference

BLOOMFIELD HILLS, Mich. (BUSINESS WIRE) Nov. 12, 2007 -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced today that Senior Management will present at the Stephens Fall Investment Conference in New York, NY. The presentation is scheduled to occur from 10:10 a.m. to 10:40 a.m. Eastern Time on November 15, 2007.

Penske Automotive will simultaneously broadcast the audio portion of this presentation over the Internet. The webcast may be accessed through a link on the Penske Automotive Group website at www.penskeautomotive.com.

About Penske Automotive

Penske Automotive Group to Acquire Rallye Motors

Franchises Represent $700 Million in Annualized Revenue

BLOOMFIELD HILLS, Mich., Nov. 7, 2007 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, has signed an agreement to acquire Rallye Motors located on Long Island in the cities of Glen Cove, Roslyn and Westbury, New York.

Rallye Motors represents the Acura, BMW, Lexus and Mercedes-Benz brands, providing customers an array of premium vehicle choices. Rallye also owns and operates a stand-alone, 52,000-square-foot collision center, which is part of the acquisition. Based on rankings by each brand, Rallye's Acura, BMW and Mercedes-Benz dealerships are currently listed in the top 20 of their respective brands' new unit sales in the United States.

Penske Automotive Group Increases Dividend to $0.09 Per Share

BLOOMFIELD HILLS, Mich., (BUSINESS WIRE), Oct. 25, 2007 -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that its Board of Directors has approved a quarterly dividend of $0.09 per share representing an increase of 29% from the $0.07 per share paid in the previous quarter. The dividend is payable on December 3, 2007, to shareholders of record on November 12, 2007.

Penske Automotive Group to Host Third Quarter 2007 Earnings Conference Call, Webcast on Oct. 25

BLOOMFIELD HILLS, Mich. (BUSINESS WIRE) Oct. 16, 2007 -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its third quarter financial results conference call as follows:

WHEN: Thursday, October 25, 2007

TIME: 2:30 p.m. Eastern Time

PHONE: United States, please call (800) 288-8976
International, please call (612) 332-0718

The call will follow the release that morning of third quarter earnings for Penske Automotive and will be simultaneously broadcast over the Internet. This simultaneous webcast may be accessed through the Investor Relations section on the Penske Automotive website at www.penskeautomotive.com. Please select "Webcasts" under the Investor Relation's menu.

Asbury Automotive Group Schedules Release of Third Quarter 2007 Financial Results, Conference Call

NEW YORK, Oct. 10 /PRNewswire - FirstCall/ -- Asbury Automotive Group, Inc. (NYSE:ABG) , one of the largest automotive retail and service companies in the U.S., today announced that it will release its third quarter 2007 financial results before the market opens on October 30, 2007. Senior management, including Charles R. Oglesby, President and CEO, and J. Gordon Smith, Senior Vice President and CFO, will host a conference call later that day, at 11:00 a.m. Eastern Time.

The conference call will be simulcast live on the Internet and can be accessed by logging onto www.asburyauto.com or www.ccbn.com. A replay will be available at these sites for 14 days.

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