PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF FERRARI DEALERSHIP IN NORTHERN ITALY

Provided By PR Newswire

Last update: Jul 3, 2025

Ferrari Modena Complements Existing Luxury Brand Presence in Italy

Strengthens Worldwide Penske/Ferrari Relationship

BLOOMFIELD HILLS, Mich., July 3, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and eight countries, has completed the acquisition of a Ferrari dealership in Modena, Italy. Located in Emilia Romagna, the heart of the Italian Motor Valley, this Ferrari dealership expands the Company's existing luxury presence in Italy to 29 automotive retail locations. Penske Automotive Group now represents nine Ferrari locations worldwide, including Maranello Classic Parts, the only official Ferrari classic parts distributor in the world. The expected estimated annualized revenue of the Modena location is $40 million.