Penske Automotive earned $47.7 million in fourth quarter
Penske Automotive Group, which operates 332 auto franchises in the US Puerto Rico and the United Kingdom, earned $47.7 million, or 53 cents a share, in the fourth quarter of 2011, up from $28.5 million, or 31 cents a share, a year earlier.
Penske Automotive Group, Inc., an international automotive retailer, today announced that it has commenced a cash tender offer for any and all of its outstanding $375.0 million aggregate principal amount of 7.75% Senior Subordinated Notes due 2016.