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.
Roger Penske Bets Big On “Closed Market” Japan
January 8, 2016 By