{"id":215840,"date":"2010-01-23T04:11:29","date_gmt":"2010-01-23T09:11:29","guid":{"rendered":"http:\/\/www.autoevolution.com\/news\/penske-corp-to-decrease-stake-in-penske-automotive-15773.html"},"modified":"2010-01-23T04:11:29","modified_gmt":"2010-01-23T09:11:29","slug":"penske-corp-to-decrease-stake-in-penske-automotive","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/215840","title":{"rendered":"Penske Corp. To Decrease Stake in Penske Automotive"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.autoevolution.com\/images\/news\/penske-corp-to-decrease-stake-in-penske-automotive-15773-3.jpg\" align=\"left\" style=\"margin-right: 10px;\" \/>The  Bloomfield Hills, Michigan-based Penske Corporation announced it will reduce its stake in Penske Automotive Group Inc. from 40 percent to 35 percent. This will be done through a secondary offering of up to 5.75 million shares of common stock.<\/p>\n<p> Penske Automotive is the world&#8217;s second largest automotive dealership group, operating some 253 retail automotive franchises, 40 different brands and 40 repair centers. The company has 110 franchises in Great Britain operated through the  Sytner Gro&#8230; (<a href=\"http:\/\/www.autoevolution.com\/news\/penske-corp-to-decrease-stake-in-penske-automotive-15773.html\">read more<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bloomfield Hills, Michigan-based Penske Corporation announced it will reduce its stake in Penske Automotive Group Inc. from 40 percent to 35 percent. This will be done through a secondary offering of up to 5.75 million shares of common stock. Penske Automotive is the world&#8217;s second largest automotive dealership group, operating some 253 retail automotive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-215840","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/215840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=215840"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/215840\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=215840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=215840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=215840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}