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Penske Automotive Acquires Jaguar And Land Rover Dealerships In Paramus, New Jersey

 Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has expanded its presence in the United States with the acquisition of the Jaguar and Land Rover dealerships in Paramus, New Jersey from the Prestige Family of Fine Cars.  The acquisition is expected to generate estimated annual revenue of approximately $215 million. 

Commenting on the acquisition, Company President Robert H. Kurnick, Jr., said, "We are pleased with the oppor

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