penske

Last Monday, Penske and Smart jointly announced that their relationship would soon come to a halt. Within a few months, Penske will hand over distribution rights, management, sales and marketing duties for Smart in the U.S. to ...

Hot on the heels of the news that Penske and Smart have split comes word that the Smart/Nissan collaboration is dead. Automotive News is reporting that the project, which was intended to yield a four-door model ...

So much for Valentine's Day. Penske and Smart have jointly announced that the couple is going their separate ways. Penske is walking away from it distribution rights, management, sales and marketing duties, but that doesn't mean ...

Having only a single model in your stable can be problematic. Why? If public interest in that sole offering wanes, tough times are sure to follow. Buyers can't possibly resist the cute, tiny Fortwo right? Wrong. Sales have tanked ...

Saturn general manager Jill Lajdziak spent several months this summer and fall working closely with Roger Penske and his staff trying to iron out the details of a proposed purchase of the brand from General Motors. As we know, that deal fell apart when Renault's board of directors vetoed a deal to ...

Looks like the decision by Penske Automotive to be the Official U.S. Distributor for the smart brand of cars was... uh, smart. According to reports, smart new car sales are one particular bright spot for the company, which saw sales from other outlets drop somewhat. Used cars also did rather well ...

Bob Lutz may not be a huge diesel fan but General Motors is beefing up their internal diesel prowess anyway. They have reached an agreement with long-time collaborator Penske Corp. to buy a fifty percent stake in Italian diesel maker VM Motori S.p.A. The new 2.9L V-6 diesel that GM announced at the ...