PENSKE AUTOMOTIVE GROUP ACQUIRES BILL BROWN FORD

Core Viewpoint - Penske Automotive Group, Inc. has announced the acquisition of Bill Brown Ford in southeastern Michigan, which is expected to generate an estimated annualized revenue of $550 million, expanding its retail operations in the Midwest [1][3]. Group 1: Acquisition Details - The acquisition includes over 200,000 square feet of facilities across 29 acres, comprising a main dealership, a pre-owned facility, a fleet maintenance center, and a collision center [2]. - Bill Brown Ford has received the Ford President's Award 18 times, indicating a strong commitment to performance, customer service, and satisfaction [2]. Group 2: Company Operations and Performance - Year-to-date 2024, Penske Automotive Group has completed acquisitions totaling nearly $2 billion in estimated annualized revenue [3]. - The company operates dealerships in multiple countries, including the United States, Canada, and Australia, and is a leading retailer of commercial trucks in North America [4]. Group 3: Employment and Community Engagement - Penske Automotive Group employs over 28,500 people globally and emphasizes building partnerships within the community and empowering employees [3][4].