WWW.PENSKEAUTOMOTIVE.COM A PUBLICATION FOR EMPLOYEES OF PENSKE AUTOMOTIVE GROUP • ISSUE 1, 2016 e-Editione-Edition 42 Penske racing legends join Roger Penske onstage in the Crown Ballroom at the Charlotte Convention Center. ollowing months of preparation, said Roger Penske. “The 2016 season will nearly 1,400 people comprised of “The celebration of our be a special one in our history as we have FPenske employees, partners, former 50th anniversary is the opportunity to reflect back on our and current Penske race car drivers, and truly a credit to heritage while continuing to produce and family members gathered at the Charlotte the hard work, win at a high level each week on the Convention Center for a celebration preparation and race track.” marking the 50th Anniversary of Team execution of our team Dating back to its first race in the 1966 Penske – the official start of a historic year. over the years.” 24 Hours of Daytona, cars owned and Starting out with a single Chevrolet prepared by Team Penske have produced — RogeR PENSKE dealership in Philadelphia, Roger Penske 426 major race wins, 491 pole positions has grown Penske Corporation into an and 28 National Championships across organization with revenues in excess of open-wheel, stock car and sports car $26 billion that employs 50,000 associates racing competition. In its storied history, the An additional exhibit focused on worldwide. team has also earned 16 Indianapolis 500 Team Penske debuted in February at the The Penske race shop that resides in victories, two Daytona 500 Championships, Indianapolis Motor Speedway Hall of Fame Mooresville, North Carolina, employs overall victories in the 24 Hours of Daytona Museum 100 days before the 100th running more than 400 people and fields cars in and the 12 Hours of Sebring and a Formula of the Indy 500 in May. The display features NASCAR, IndyCar and Australian V8 One win. Over 80 drivers have raced for cars representing each Team Penske Supercars out of a 105-acre site. Team Penske over the years. driver’s first win at the speedway, as well The year-long 50th anniversary as vehicles, artifacts and trophies from celebration will involve a multi-faceted Penske’s rich 50-year history. RESOURCES: program that reaches into retail and “We are very proud of all Team Penske penskeracing.com merchandise, media and fan engagement, “Respect for ‘The Captain’ Goes Beyond Victory has accomplished over the last 50 years. sponsor partnerships and special events. Lane” – Detroit Free Press, January 17, 2016 The celebration of our 50th anniversary is The celebration also coincided with the “Roger Penske: 50 Years of Racing Excellence” – truly a credit to the hard work, preparation debut of an exhibit at the NASCAR Hall of ESPN.com, January 21, 2016 and execution of our team over the years,” Fame dedicated to celebrating the team’s history. The special exhibit not only focuses on Team Penske’s successful NASCAR program, but showcases cars spanning PAG ANNOUNCES 2016 SCHOLARSHIP PROGRAM multiple racing disciplines from 1966 to the Please see pages 13-14 for complete details and the application form. present and includes never-before-seen The application form may also be downloaded from the PAG Intranet – DRIVE. artifacts and trophies from the Team Penske archives. THE DEADLINE FOR SUBMITTING SCHOLARSHIP APPLICATIONS IS JUNE 30, 2016. 1 POWERTRAIN e-Edition CORPORATE NEWS Nicole BMW head office in Kawasaki. Nicole Competizione Ferrari in Yokohama. PAG Acquires a 49 Percent Interest in Luxury Dealership Group in Japan n January 7, the company announced it had Oacquired a 49 percent equity ownership interest in the Nicole Group, a luxury dealership group with operations in Kanagawa and Tokyo, Japan. The Nicole dealership group operates four BMW and three MINI dealerships, a Rolls-Royce and a Ferrari dealership along with two stand-alone service centers and two pre-owned showrooms. The Nicole Group is also the exclusive importer and distributor of BMW Alpina vehicles for Japan. “We are thrilled with the opportunity to enter the Japanese market with a strong and established local partner,” said Chairman Roger Penske. “The Nicole Group represents world-class brands and has been L-R: Kanji Sasaki, PAG’s SVP – International Business Development; Izumi Matsumura, named the best BMW dealership in Japan a record Executive Officer – Nicole Automobiles; Norichika Gohda, CFO – Nicole Group; seven times. As imports continue to grow market share Shane Spradlin, PAG’s EVP and General Counsel; Hiro Ishikawa, EVP – International Business Development; C. H. Nico Roehreke, President – Nicole Group; Walter Sawallisch, in Japan, combined with the group’s solid reputation in Managing Partner – Sawallisch & Associates; Kiyoaki Kanno, Masahiko Iwadate and the marketplace, we expect to leverage the strength of Masayuki Nagai – TMI Associates. the existing business while driving further expansion through organic growth and future acquisitions.” BMW Alpina showroom in Tokyo. Rolls-Royce Motor Cars in Yokohama. 2 POWERTRAIN e-Edition CORPORATE NEWS PAG OPENS NEW PORSCHE DEALERSHIP Porsche West Broward Begins Operations in April he company announced the grand opening of its newest Tdealership, Porsche West Broward, located at 4641 SW 148th Avenue, along the Interstate 75 auto corridor in Davie, Florida. The new dealership represents PAG’s eighth Porsche dealership in the United States and sixteenth worldwide. Porsche West Broward is located on a nine-acre site with 66,000 square feet of facilities and a two-story showroom offering the Porsche enthusiast a wide selection of new and pre-owned vehicles. In addition, the dealership offers 21 service bays with state-of-the-art diagnostic tools and a detail center with rapid repair to provide Porsche customers with additional capacity to service vehicles in operation across southeast Florida. The dealership also offers a Porsche boutique and specifications lounge. Whit Ramonat, PAG’s Central Region Executive Vice President said, “Porsche West Broward is one of the largest dealerships for the Porsche brand worldwide and will provide Porsche customers an outstanding environment and world-class customer service. The opening of our newest Porsche dealership helps us build additional scale in southeast Florida, an important growth market, while continuing to enhance our company’s premium brand mix.” The unique, two-level showroom. HARPER TRUCK CENTRES ACQUIRED BY PAG Premier Truck Group Subsidiary Expands Operations to Ontario, Canada AG announced that its Premier Truck “This is an outstanding acquisition acquisition is expected to generate PGroup subsidiary completed the for our business and complements approximately $130 million in annualized acquisition of Harper Truck Centres, a our partnership with the Freightliner revenue for PAG. Freightliner, Western Star, Thomas Built and Western Star brands.” Premier Truck Group President Richard Bus and Fuso commercial truck dealership — RogeR PENSKE Shearing commented, “This acquisition group located in Ontario, Canada. provides us with immediate scale in the Chairman Roger Penske said, “This is providing a solid foundation for the future marketplace. Harper Truck Centres has an outstanding acquisition for our growth of our business.” built a strong legacy of providing business and complements our Harper Truck Centres has five dealership commercial vehicle sales, service and partnership with the Freightliner and locations in the greater Toronto market support in the Canadian marketplace for Western Star brands. Daimler Trucks North area and services Highway 401, a major more than twenty years, and we welcome America has a strong market share and truck thoroughfare between Buffalo, New their employees to the Premier Truck and presence in the Canadian marketplace, York, and Detroit, Michigan. The Penske Automotive Group team.” 3 POWERTRAIN e-Edition CORPORATE NEWS 2015 “Service Matters” CampaigN RAISES $913,000 FOR PARALYZED VETERANS OF AMERICA CampaigN EXTENDED THROUGHOUT 2016 AG teamed up with the Paralyzed PVeterans of America throughout 2015 in “We thank our customers and support of the Mission: ABLE campaign Penske employees for embracing that helps ensure severely injured veterans the ‘Service Matters’ campaign receive jobs, care and benefits. As a result and salute the work performed by of outstanding dealership efforts and Paralyzed Veterans of America.” extremely generous customers, PAG — ROB KURNICK presented the Paralyzed Veterans of America with a check for $913,000. Given the success of the 2015 campaign, PAG veterans have access to programs and extended its partnership with the Paralyzed services to help them recover and rebuild Veterans of America for a second year. their lives after serious injuries.” PAG stores in the West raised just under PAG will continue to support the Mission: $299,000 in donations (pre-match) for the ABLE campaign throughout 2016 and invite 2015 campaign, accounting for more than customers to donate one dollar or more 65 percent of PAG store donations. toward Mission: ABLE when they service Included in the West donation is $102,000 their vehicle at any PAG dealership. To raised by the entire Texas team, the largest multiply the impact of customers’ amount among all areas. The East raised contributions, PAG will again match each $84,300 (pre-match), Central raised donation – up to $500,000. $54,500 (pre-match) and Premier Truck “It’s an honor for Penske to be part of this Group raised $18,700 (pre-match). fundraising effort,” said President Rob “We