Penske buys 2 North Carolina luxurious dealerships

BE desk

Penske buys 2 North Carolina luxurious dealerships

Negative agents have been concerned within the offer, a Penske spokesman stated.

Baker Motor Co., owned by way of Tommy Baker, is based totally in Charleston, S.C., and based in 1988. The gang’s web site lists alternative shops in North Carolina and South Carolina promoting Mercedes, Porsche, Infiniti, Maserati, Alfa Romeo, Jaguar, Land Rover, Buick, GMC and Cadillac cars.

Penske on July 26 posted a 19.5 p.c year-over-year lessen in second-quarter web source of revenue to $302.6 million, hour web source of revenue resulting from familiar stockholders fell 19.6 p.c to $300.8 million. The corporate, alternatively, posted report second-quarter income of $7.5 billion, up 8.1 p.c from the similar duration in 2022. Top rate manufacturers represented 71 p.c of Penske’s retail car gross sales within the quarter, with BMW and Miniature accounting for 25 p.c of the overall.

Spain leads European new-car markets with impressive EV growth

10 July 2025 Read next French new-car market falters ahead of big changes to EV…

Worrying times for the Italian new-car market?

10 July 2025 Read next French new-car market falters ahead of big changes to EV…

The Pagani Huayra Codalunga Speedster takes us back to the 1960s with an 864 bhp V12

The new open-top long-tailed Pagani Huayra is a tribute to the 1960s Le Mans racing…