Penske Automotive Group

International Partner with Experience – Christian Boe is New Managing Director

Stuttgart, 6/18/2008 -- Porsche Deutschland GmbH, Bietigheim-Bissingen, has sold the Porsche Center Mannheim to Penske Automotive Europe GmbH, Wiesbaden, a member of the Penske Group. From July 1, 2008, the Center will be doing business under the name of Penske Sportwagen-zentrum GmbH, Mannheim, and will be responsible for sales and service of Porsche vehicles in the Rhine-Neckar area.

BLOOMFIELD HILLS, Mich., Jan 28, 2008 (BUSINESS WIRE) -- 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 payable on March 3, 2008, to shareholders of record on February 11, 2008.

smart USA Announces U.S. Dealer Network

BLOOMFIELD HILLS, Mich., Jan 14, 2008 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), is pleased to announce its dealership network of 74 smart dealerships across the United States. In the U.S., 68 dealers located in 31 states have been certified by smart USA as ready for business and are expected to begin retailing vehicles in January, subject to licensing and other required approvals. The remaining six dealerships are expected to commence retailing vehicles throughout 2008 upon completion of their facilities and obtaining licensing approval.

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 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

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.

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.

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.