Penske Automotive Group on Wednesday said its PAG International subsidiary, together with Sweden's Hedin Mobility Group, submitted a cash offer to buy U.K. auto retail giant Pendragon, just two days after rival dealership group Lithia Motors Inc. announced its plan to purchase most of the same company for $350 million.
September 20, 2023 08:21 PM
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Tariffs on some auto components could disappear after court ruling
Many automotive components have been subject to the global reciprocal and trafficking tariffs. Under a May 28 court ruling, those duties will no longer apply.
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