Penske Automotive Group Opens New Honda Dealership in Texas
Penske Automotive Group (NYSE: PAG) has announced the grand opening of its 14th Honda dealership, Honda Leander, in Leander, Texas.
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Rhea-AI Summary
Penske Automotive Group (NYSE: PAG) has announced the grand opening of its 14th Honda dealership, Honda Leander, in Leander, Texas. The new facility spans over 9 acres, featuring 46,000 square feet of space and 27 service bays. This expansion adds to Penske's existing presence in the Austin/Round Rock market, where it operates eight other dealerships and two collision centers. President Rob Kurnick expressed satisfaction with this development, highlighting its significance for the company’s growth.
Positive
- Expansion into the Austin/Round Rock market with the opening of Honda Leander.
- New dealership features significant facilities, including 46,000 square feet and 27 service bays.
Negative
- None.
Details
News Market Reaction – PAG
The recorded move for PAG in the trading session of this news was +2.51%.
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BLOOMFIELD HILLS, Mich., Jan. 4, 2022 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced the grand opening of a new, state-of-the art Honda dealership in Leander, Texas.
The new location represents the company's 14th Honda dealership and will be named Honda Leander. The new dealership sits on over 9 acres and offers over 46,000 square feet of facilities, including 27 service bays. Commenting on the new dealership, President Rob Kurnick said, "We are pleased to add Honda Leander to Penske Automotive Group. The new Honda dealership adds to the company's existing dealership presence in the Austin/Round Rock, Texas market where we currently operate eight other dealerships and two collision centers."
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships principally in the United States, the United Kingdom, Germany, Italy, and Japan and is the largest retailer of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand. Additionally, PAG owns
Inquiries should contact:
Shelley Hulgrave | Anthony R. Pordon |
Executive Vice President and | Executive Vice President Investor Relations |
Chief Financial Officer | and Corporate Development |
Penske Automotive Group, Inc. | Penske Automotive Group, Inc. |
248-648-2812 | 248-648-2540 |
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SOURCE Penske Automotive Group, Inc.