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Penske Automotive Group, Inc. Message Board

  • aadarshaadi Feb 20, 2011 8:43 AM Flag

    Penske Automotive Group

    Penske wholesaled 884 units of smart USA vehicles during the quarter, down from 998 units in the fourth quarter of 2009. Smart USA distribution business recorded after-tax losses of $5.8 million (6 cents per share) and $15.9 million (17 cents per share) in the quarter and in the year ended December 31, 2010, respectively.
    For full year 2010, Penske reported a profit of $109.3 million or $1.19 per share (excluding a net after-tax gain) compared with $80.2 million or 87 cents per share in the prior year. Total revenue scaled up 13% to $10.7 billion during the year.

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