Penske Automotive Group, Inc. (NYSE: PAG) has formed a joint venture with Andrea Mantellini (and family), operator of a BMW/MINI dealer group located in Bologna, Italy. The newly formed joint venture intends to acquire and operate dealerships in northern Italy. Mantellini will manage day-to-day operations of the business, bringing his local expertise and successful business acumen. ?I am very happy to partner with Penske Automotive Group as we look to expand the existing business in a market with many growth opportunities,? said Mantellini.
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