Penske Automotive Group Inc. has acquired MTU Detroit Diesel Australia. The company distributes diesel and gas engines and power systems to New Zealand, Australia, and the Pacific and supports full after sales service.
Penske is one of only a handful of U.S. dealership groups with international investments. Besides dealerships, the publicly-owned company engages in a variety of other transportation businesses. It is the second largest dealership group in the United States based on retail sales according to the Automotive News Top 125 dealership group list.
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