Penske Automotive Group (NYSE: PAG),* has announced that the special committee of independent and disinterested directors (the “Special Committee”) of the Company’s Board of Directors (the “Board”) has retained Moelis & Company LLC to act as its independent financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP to act as its independent legal counsel.
The Board established the Special Committee to review and consider the unsolicited, preliminary and non-binding proposal received by the Board on July 22, 2026 from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own for cash consideration of $210 per share (the “Proposal”). Continue reading











Annals of Marketing – Curated by Cadillac Escalade IQ
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Cadillac today announced Curated by Cadillac Escalade IQ, extending the brand’s low volume concierge-led experience to its all-electric flagship SUV. The Curated by Cadillac package for the ESCALADE IQ is $54,995. This MSRP does not include the vehicle MSRP, tax, title, license and dealer fees. Dealer sets final price.*
“Curated by Cadillac Escalade IQ gives clients the chance to create a vehicle that reflects their individual taste by working alongside expert Cadillac designers,” said Kristian Aquilina, vice president, Global Cadillac. “We’re extending the hand-built CelestIQ experience to deliver true customization capabilities for a select number of Escalade IQ clients.” Continue reading →