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Slide #19. Penske Automotive — Western Star Trucks Australia Pty Ltd.
Penske Automotive (NYSE:PAG)
Western Star Trucks Australia Pty Ltd.
Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced that it has completed the acquisition of Western Star Trucks Australia Pty Ltd., a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia from Transpacific Industries Group Limited. The business will continue to be managed by the existing management team.
Penske Automotive Group is a transportation services company that operates automotive and commercial truck dealerships and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services. Co. has four segments: Retail Automotive, consisting of its retail automotive dealership operations; Retail Commercial Truck, consisting of its retail commercial truck dealership operations in the United States and Canada; Other, consisting of its commercial vehicle and power systems distribution operations and other non-automotive consolidated operations; and Non-Automotive Investments, consisting of its equity method investments in non-automotive operations.
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