BLOOMFIELD HILLS, Mich. -- Penske Automotive Group, Inc, an international automotive retailer, today announced that its Board of Directors has approved a quarterly dividend of $0.09 per share payable on September 2, 2008, to shareholders of record on August 11, 2008.

Penske Automotive Group, Inc, headquartered in Bloomfield Hills, Michigan, operates 307 retail automotive franchises, representing more than 40 different brands, and 27 collision repair centers. PAG, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 161 franchises in 19 states and Puerto Rico and 146 franchises located outside the United States, primarily in the United Kingdom.

PAG is also the exclusive distributor of the smart fortwo, through its wholly-owned subsidiary, smartUSA Distributor LLC. smartUSA operates 69 smart centers across the United States. PAG is a member of the Fortune 200 and Russell 1000 and has approximately 16,000 employees. smart and fortwo are registered trademarks of Daimler AG.

Courtesy: Penske Automotive Group Inc, USA

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Posted by Naresh Koshti on 16 July, 2008 10:57:17 AM IST #