<SEC-DOCUMENT>0001299933-13-001575.txt : 20130830
<SEC-HEADER>0001299933-13-001575.hdr.sgml : 20130830
<ACCEPTANCE-DATETIME>20130830091749
ACCESSION NUMBER:		0001299933-13-001575
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20130830
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130830
DATE AS OF CHANGE:		20130830

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENSKE AUTOMOTIVE GROUP, INC.
		CENTRAL INDEX KEY:			0001019849
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				223086739
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12297
		FILM NUMBER:		131070973

	BUSINESS ADDRESS:	
		STREET 1:		2555 TELEGRAPH RD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48302-0954
		BUSINESS PHONE:		248-648-2500

	MAIL ADDRESS:	
		STREET 1:		2555 TELEGRAPH RD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48302-0954

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED AUTO GROUP INC
		DATE OF NAME CHANGE:	19960726
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_48396.htm
<DESCRIPTION>LIVE FILING
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<TITLE> Penske Automotive Group, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	August 30, 2013
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	Penske Automotive Group, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	1-12297
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	22-3086739
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	2555 Telegraph Road, Bloomfield Hills, Michigan
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	&nbsp;
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	48302
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	248-648-2500
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<B>
	Item 7.01 Regulation FD Disclosure.
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On August 30, 2013, we issued a press release announcing that we have completed our acquisition of Western Star Trucks Australia Pty Ltd., a distributor of commercial vehicles, related spare parts and aftermarket support across Australia and New Zealand and portions of Southeast Asia.  The purchase price of approximately $200 million includes a target working capital of approximately $67 million inclusive of vehicle inventory, parts and other assets, and is subject to a closing adjustment that is expected to be finalized in the third quarter.  A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.
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	Item 9.01 Financial Statements and Exhibits.
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Exhibit 99.1 Press Release.
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Penske Automotive Group, Inc.
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<I>
	August 30, 2013
</I>
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<I>
	By:
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<I>
	/s/ Shane M. Spradlin
</I>
<BR>
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<I>
	Name: Shane M. Spradlin
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	Title: Executive Vice President
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	Exhibit&nbsp;Index
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	Exhibit No.
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	Description
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	99.1
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Press Release.
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 10pt"></FONT>


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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 12pt"><B>FOR IMMEDIATE RELEASE</B></FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 9pt"><img src="e38653-1324284026509b4d76_2.jpg"></FONT></TD>
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&nbsp;</DIV></TD>
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    <TD align="left" valign="top"><FONT style="font-size: 9pt"><img src="e38653-1324284026509b4d76_3.jpg"></FONT><FONT style="font-size: 11pt"><BR>
<img src="e38653-1324284026509b4d76_4.jpg"><BR></FONT>
<FONT style="font-size: 9pt"><img src="e38653-1324284026509b4d76_5.jpg"></FONT></TD>
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<P align="center" style="font-size: 9pt"><FONT style="font-size: 12pt"><B>PENSKE AUTOMOTIVE COMPLETES<BR>
AUSTRALIAN COMMERCIAL VEHICLE GROUP ACQUISITION</B></FONT>



<P align="left" style="font-size: 12pt"><B>BLOOMFIELD HILLS, MI, </B>August&nbsp;30, 2013 &#150; Penske Automotive Group, Inc. (NYSE:PAG), an international
automotive retailer, today announced that it has completed the acquisition of Western Star Trucks
Australia Pty Ltd., a distributor of commercial vehicles, related spare parts and aftermarket
support across Australia and New Zealand and portions of Southeast Asia from Transpacific
Industries Group Limited. The business will continue to be managed by the existing management
team.


<P align="left" style="font-size: 12pt">The purchase price of approximately $200&nbsp;million includes target working capital of approximately
$67&nbsp;million inclusive of vehicle inventory, parts, and other assets, and is subject to a closing
adjustment that is expected to be finalized in the third quarter. The purchase price was financed
using available cash flow from operations and availability under the company&#146;s credit and floorplan
financing facilities. The Commercial Vehicle Group is expected to generate approximately $420-$460
million in estimated annual revenues for Penske Automotive Group. Penske Automotive expects to
incur approximately $0.02 per share in acquisition-related costs in its third quarter 2013 results.
On a proforma basis, the acquisition is expected to be $0.10 to $0.14 accretive per fully diluted
share on an annualized basis, excluding acquisition-related costs.


<P align="left" style="font-size: 12pt">The Commercial Vehicle Group primarily distributes heavy and medium-duty trucks for Western Star,
MAN Truck and Bus and Dennis Eagle through a network of over 80 independent dealers while serving
customers across a number of industries, including on-highway, logistics, construction, mining,
manufacturing, agricultural and waste/refuse collection. The Western Star truck brand, an
affiliate of Daimler Trucks North America, is a top-three Australian heavy-duty truck brand and
holds a leading position in key market segments. The MAN Truck and Bus brand is majority-owned by
Volkswagen AG and is within the top six suppliers to the Australian bus market, and Dennis Eagle is
a growing brand within the specialist refuse collection vehicle market.


<P align="left" style="font-size: 12pt">Penske Automotive Group Chairman Roger S. Penske said, &#147;We are extremely pleased to complete this
acquisition in such an efficient time frame. We believe that our existing relationships with heavy
and medium-duty truck manufacturers, our experience in operating distribution and
dealership-related businesses, strong market dynamics and multiple growth options augment this
business opportunity. Further, The Commercial Vehicle Group provides us with an attractive gateway
to enhance our global business profile while potentially providing a stepping-stone to Southeast
Asian markets for other parts of our business.&#148;


<P align="left" style="font-size: 12pt"><U><B>About Penske Automotive</B></U>
<BR>
<U>Penske Automotive Group, Inc</U>., headquartered in Bloomfield Hills, Michigan, operates 323
retail automotive franchises, representing 39 different brands and 30 collision repair centers.
Penske Automotive, which sells new and previously owned vehicles, finance and insurance products
and replacement parts, and offers maintenance and repair services on all brands it represents, has
171 franchises in 17 states and Puerto Rico and 152 franchises located outside the United States,
primarily in the <U>United Kingdom</U>. Penske Automotive is a member of the Fortune 500 and
Russell 2000 and has approximately 17,000 employees.


<P align="left" style="font-size: 12pt"><U><B>Caution Concerning Forward Looking Statements</B></U>
<BR>
Statements in this press release may involve forward-looking statements, including forward-looking
statements regarding Penske Automotive Group, Inc.&#146;s future outlook, sales potential, and potential
earnings. Actual results may vary materially because of risks and uncertainties that are difficult
to predict. These risks and uncertainties include, among others: economic conditions generally,
conditions in the credit markets and changes in interest rates, adverse conditions affecting a
particular manufacturer, including the adverse impact to the vehicle and parts supply chain due to
natural disasters or other disruptions that interrupt the supply of vehicles or parts to us;
changes in consumer credit availability, the outcome of legal and administrative matters, and other
factors over which management has limited control. These forward-looking statements should be
evaluated together with additional information about Penske Automotive&#146;s business, markets,
conditions and other uncertainties, which could affect Penske Automotive&#146;s future performance.
These risks and uncertainties are addressed in Penske Automotive&#146;s Form 10-K for the year ended
December&nbsp;31, 2012, and its other filings with the Securities and Exchange Commission (&#147;SEC&#148;). This
press release speaks only as of its date, and Penske Automotive disclaims any duty to update the
information herein.


<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt"><I>Find a vehicle</I>: <U>http://www.penskecars.com</U>
<BR>
<I>Engage Penske Automotive</I>: <U>http://www.penskesocial.com</U>
<BR>
<I>Like Penske Automotive on Facebook</I>: <U>https://facebook.com/PenskeCars</U>
<BR>
<I>Follow Penske Automotive on Twitter</I>: <U>https://twitter.com/#!/Penskecarscorp</U>
<BR>
<I>Visit Penske Automotive on YouTube</I>: <U>http://www.youtube.com/penskecars</U>
</FONT>

<P align="left" style="font-size: 11pt"><FONT style="font-size: 12pt">Inquiries should contact:
</FONT>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David K. Jones<BR>
Executive Vice President and<BR>
Chief Financial Officer<BR>
Penske Automotive Group, Inc.<BR>
248-648-2800<BR>
dave.jones@penskeautomotive.com
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Anthony R. Pordon<BR>
Executive Vice President Investor Relations<BR>
and Corporate Development<BR>
Penske Automotive Group, Inc.<BR>
248-648-2540<BR>
tpordon@penskeautomotive.com</TD>
</TR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
