Penske names new CFO, EVP

BLOOMFIELD HILLS—Penske Automotive Group Inc. has named Michelle “Shelley” Hulgrave executive vice president and CFO. She had been senior vice president and corporate controller. Hulgrave succeeds J.D. Carlson, who is …

Penske suspends dividend

BLOOMFIELD HILLS—Penske Automotive Group Inc. (NYSE: PAG) announced that its board of directors had suspended its cash dividend. The company previously paid a quarterly dividend of 42 cents a share …