Penske Automotive expands retail automotive presence to Australia

The company stated: “Penske Automotive intends to expand its retail automotive operations into Australia by acquiring two Porsche dealerships along with a Ducati motorcycle dealership in Melbourne, Australia. The Company has signed an agreement to acquire Porsche Centre Brighton, Porsche Centre Doncaster and Ducati Melbourne West. The Brighton dealership, which is located approximately 20 minutes from central Melbourne, opened in March 2009 and has been serving the Porsche community in Melbourne for nearly 15 years. The Doncaster dealership is the newest official Porsche Centre located in the high-growth northeast Melbourne suburbs.”