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Slide #2. Penske Automotive — BMW Of Greenwich
Penske Automotive (NYSE:PAG)
BMW Of Greenwich
Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, announced today that it has acquired BMW of Greenwich located in Greenwich, Connecticut. The company estimates the new BMW dealership will generate approximately $190 million in revenue on an annualized basis.
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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