Roger Penske Bets Big On “Closed Market” Japan

Not closed at all, not even close

Not closed at all, not even close

Penske Automotive  Group (PAG), the sprawling empire of auto racing legend Roger Penske, just placed a big bet on a surprising segment of the Japanese car market. PAG bought half of Japan’s Nicole Group, “a luxury dealership group with operations in Kanagawa and Tokyo, Japan,” as PAG said in a statement.  The Nicole Group does a booming business trafficking products that, if you believe the words of Detroit automakers, can’t be brought into the island nation: Imported cars. More in Forbes.