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UAG could invest in China, Russia.(United Auto Group)(Brief article)

Automotive News Europe,  February, 2007  by Sherefkin, Robert

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Byline: Robert Sherefkin

US auto retail entrepreneur Roger Penske and a Japanese partner are exploring auto dealership opportunities in China and Russia.

"We're looking at China; we even had someone go to Russia [recently] to take a look if there is an opportunity," said Penske, CEO of United Auto Group, at the Automotive News World Congress in Dearborn, Michigan.

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Penske says he has been approached by automakers asking whether he is interested in investing with local partners. ...

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