History
Penske Automotive was originally founded as United Automotive Group, in 1990 and was acquired by Penske Corporation and Roger Penske in May 1999. On July 2, 2007 United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG.
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“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
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“The one duty we owe to history is to rewrite it.”
—Oscar Wilde (1854–1900)