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Penske News

News on Penske (Ticker: PAG) continually updated from thousands of sources around the net.

4 hrs ago | Automotive News

Metals and plastics company NN to buy supplier Autocam in $300 million deal

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.

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Related Topix: NN, Manufacturing, Industrial Machines, Johnson City, TN, Auto Dealers, Retail

7 hrs ago | MLive.com

Donor database: Detroit mayoral race attracted big-time Super PAC money for Mike Duggan

Detroit mayoral write-in candidate Mike Duggan takes the stage to talk with excited supporters after favorable primary election results during a party at the Atheneum Hotel in Detroit on Aug. 6, 2013.

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Related Topix: Detroit, MI, US News, US Supreme Court, Auto Dealers, Retail, Compuware, Software

Wed Jul 16, 2014

Crain's Detroit Business

Penske Automotive hikes cash dividend again

Penske has boosted its quarterly cash dividend regularly since May 2011, when it reinstated payouts -- at 7 cents a share -- following the auto industry's sales collapse.

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Related Topix: Auto Dealers, Retail, Penske Automotive Group

SFGate

Museum raises $80M toward Detroit bankruptcy deal

The Honorable Chief Judge Gerald E. Rosen, U.S. Eastern District Court, speaks to representatives from various Michigan corporations and individuals attending a press conference at the Detroit Institute of Arts in Detroit, Mich., Wednesday, July 16, 2014 .

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Related Topix: Detroit, MI, Economics News, Bankruptcy, Auto Dealers, Retail

CBS Local

Companies, Foundations Pledge $26.8M To Save Art At DIA

A handful of business are pledging almost $27 million toward the Detroit Institute of Arts' commitment to raise $100 million as part of a "grand bargain" that will help the city emerge from bankruptcy, support pensioners and protect the museum's art collection for the public.

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Related Topix: Auto Dealers, Retail, Energy, DTE Energy

KHOU-TV Houston

Museum announces more donors in Detroit bankruptcy

The Detroit Institute of Arts says it is just 20 percent shy of its goal to raise $100 million to prevent the sale of art in Detroit's bankruptcy and help city pensioners.

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Related Topix: Auto Dealers, Retail

WJRT

Penske Automotive Increases Dividend

The increase in the dividend reflects our commitment to increasing returns for shareholders and reinforces the continued confidence we have in the strength of the auto retail market and our ability to continue growing our overall business."

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Related Topix: Auto Dealers, Retail, Penske Automotive Group, United Auto Group

Mon Jul 14, 2014

MLive.com

Business leaders plan invitation-only homecoming to lure back Detroit 'expatriates'

Come back. That's what some movers and shakers in the Detroit business and philanthropic communities plan to tell prominent professionals who were born in Detroit or attended school in the region but have since left at a Detroit Homecoming event planned for September.

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Related Topix: Detroit, MI, Automakers, General Motors, Auto Dealers, Retail, Ilitch Holdings, Restaurant Management, Rick Snyder, US Governors

Sun Jul 13, 2014

Boston.com

MIKE ROSSThe Nantucket housing game

According to reports from witnesses, after a night of drinking, Jay, the youngest son of automobile racing magnate Roger Penske, urinated on a woman passerby, bolted with his brother toward the Nantucket Yacht Club, broke into an employee apartment, then fled the scene before being apprehended by police.

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Related Topix: Auto Dealers, Retail, Opinion

Wed Jul 09, 2014

Monster.com

Diesel Technician/Mechanic

Thank you for your interest in the Diesel Technician/Mechanic . To begin the application process, please enter your information below.

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Related Topix: Monster, Human Resources, Auto Dealers, Retail

Automotive News

Penske Logistics to close site servicing Ford

Penske Logistics, the lead logistics provider for Ford Motor Co. in North America, plans to shut down its Riverview, Mich., site by Sept.

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Related Topix: Auto Dealers, Retail, Riverview, MI

Detroit Free Press

Unionized Penske workers can keep jobs but switch employers

About 160 unionized Penske Logisitcs truck drivers and warehouse workers will switch employers, but keep their jobs after Ford chose a different logistics supplier.

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Related Topix: Auto Dealers, Retail, Detroit, MI

Tue Jul 08, 2014

Monster.com

Diesel Technician/Mechanic II

Thank you for your interest in the Diesel Technician/Mechanic II . To begin the application process, please enter your information below.

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Related Topix: Monster, Human Resources, Auto Dealers, Retail

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