Penske Automotive Group Inc. has furloughed more than half of its global work force — including 5,300 in the U.S. — and terminated about 500 employees to help quell disruption from the coronavirus pandemic that began in March.
Penske Automotive Group Inc. has furloughed more than half of its global work force — including 5,300 in the U.S. — and terminated about 500 employees to help quell disruption from the coronavirus pandemic that began in March.
First-quarter net income slipped 6.6 percent to $2.8 billion, while revenue rose 2.3 percent to $44 billion.