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CDK - 1 Mike Stanton - 1 Ford - 1 they’re - 1 — - 1 Bernie Moreno - 1 Moreno - 1 Roger Penske - 1
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Penske - 2 Penske Automotive Group - 2 New - 1 New York CNN — Retail - 1 CDK - 1 CNN - 1 Bloomberg - 1 Dealers - 1

Search resuls for: "Penske Automotive"


7 mentions found


☆ CDK Global says software outage will take several days to resolve
  + stars: | 2024-06-23 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +4 min
New York CNN —Retail software provider CDK Global says it will likely take several days for its software to be back online and operational, as the company grapples with a system outage that has paralyzed nearly 15,000 car dealerships across North America since Wednesday. The data provider’s software, which dealerships use to manage everything from scheduling to records, said Saturday it has begun restoring its software. Car manufacturer Ford told CNN it is working with dealers to set up alternative software systems and other workarounds. Several dealerships on the East Coast told CNN on Sunday they are manually filling out forms to process sales. One used car dealership told CNN it has been filing paperwork by hand and sending runners to the car registry with the paperwork.
Persons: CDK, Mike Stanton, Ford, they’re Organizations: New, New York CNN — Retail, CDK, CNN, Bloomberg, Dealers, National Automobile Dealers Association, East Coast, Sunday, Securities and Exchange Commission, Penske Automotive, Premier Trucking Group, Penske, SEC, Sonic Automotive, Premier Truck Locations: New York, North America, Eastern European, CDK, United States
☆ Ohio GOP Senate nominee Bernie Moreno benefited from the kind of diversity initiative that Republicans hate
  + stars: | 2024-03-26 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +6 min
Read previewBernie Moreno, the GOP nominee for US Senate in Ohio, has long staked his political identity on the car dealership empire he once oversaw. Related storiesBut Moreno benefited from Mercedes-Benz's push for diversity in more ways than one. "They wanted a minority operator there," Moreno said during the 2014 hearing, according to a transcript obtained by Business Insider. Despite Moreno acknowledging that he benefited from Mercedes-Benz considering diversity when deciding who could buy the dealership, he maintains that he is opposed to affirmative action programs. Moreno is set to face incumbent Democratic Sen. Sherrod Brown of Ohio in a race that could determine which party controls the Senate.
Persons: —, Bernie Moreno, Moreno, Roger Penske, Mercedes, Reagan McCarthy, Bernie, McCarthy, Democratic Sen, Sherrod Brown of, Brown, Donald Trump Organizations: Service, GOP, US, Business, Republicans, Penske Corporation, Benz, Penske, YWCA Greater, Mercedes, Penske Automotive Group, Democratic Locations: Ohio, Colombia, United States, Boston, North Olmsted , Ohio, Arizona —, YWCA Greater Cleveland, Florida, Chandler , Arizona, Sherrod Brown of Ohio, Massachusetts
☆ A Punishing Year of Thunderstorms Has Led to Record-Breaking Losses
  + stars: | 2023-11-24 | by ( Richard Vanderford | ) www.wsj.com   time to read: +1 min
Weather events known as severe convective storms have led to at least $55.67 billion in insured damage in the U.S. this year through Nov. 13. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Preview SubscribeA Pfizer drug manufacturing plant in North Carolina was extensively damaged by a tornado in July. So was a Georgia facility owned by cabinet maker MasterBrand in January and a Wyoming coal mine owned by Peabody Energy in June. Dozens were injured when a storm pelted a Colorado music venue with golf-ball sized hail, also in June, while a September hailstorm near Austin, Texas, damaged 750 vehicles owned by auto dealership operator Penske Automotive Group .
Persons: Annie Rice, MasterBrand Organizations: Lubbock Avalanche, Pfizer, Peabody Energy, Penske Automotive Group Locations: U.S, North Carolina, Georgia, Wyoming, Colorado, Austin , Texas
☆ Consumer spending trailing consumer sentiment lower. Look at Home Depot
  + stars: | 2023-05-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: +6 min
Recent consumer sentiment reports have been poor, so it's reasonable to assume the consumer spending backdrop has softened. The company is cutting guidance due to the weaker lumber prices, weather and is also citing "further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand." If we are on the side of the American consumer (I am), then lower lumber prices are good, right? Running shoes are hot. Second case in point: On Holding (ONON), which makes the trendy ON running shoes, is up 94% YTD.
☆ Lighting Round: Jack in the Box, Penske Automotive, Marathon Digital
  + stars: | 2023-04-18 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLighting Round: Jack in the Box, Penske Automotive, Marathon Digital"Mad Money" host Jim Cramer discusses a host of publicly-traded companies, including Jack in the Box, Penske Automotive, and Marathon Digital.
☆ Auto dealer stocks rally despite Wall Street's 'demand destruction' theory
  + stars: | 2022-10-27 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. DETROIT – Shares of AutoNation , Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles. "Clearly, there is some normalization that's going to occur and has occurred," Group 1 CEO Earl Hesterberg told investors after the company beat Wall Street's expectations on Wednesday. Shares of AutoNation were up by as much as 8.2% after the company beat Wall Street's estimates on Thursday. Pricing remains strong, demand remains strong for our products, but we can't ignore what others are saying out there and what others are seeing out there," GM CFO Paul Jacobson told reporters Tuesday after reporting strong third-quarter earnings.
☆ Penske Automotive unit orders 750 Ford electric cargo vans
  + stars: | 2022-04-18 | by ( ) www.reuters.com   time to read: +1 min
April 18 (Reuters) - Penske Truck Leasing has ordered 750 of Ford Motor Co's (F.N) electric E-Transit cargo vans, the unit of Penske Automotive Group Inc (PAG.N) said on Monday. The move comes as several companies including FedEx Corp (FDX.N), UPS (UPS.N) and Deutsche Post (DPWGn.DE) unit DHL are experimenting with electric cargo vehicles as part of their own zero-emission vehicle plans. Penske also said that their long-term plans include adding more of the automaker's E-Transit vans to its wider network of rental, leasing locations across North America. Ford's E-Transit van comes in eight configurations, including three roof heights and three lengths, has an EV driving range of 126 miles. Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
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