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Foreign Exchange Headwinds Continue to Blow Against Penske Automotive stat : Host Madison

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Foreign Exchange Headwinds Continue to Blow Against Penske Automotive

As it stated in (WXYZ) – Penske Automotive will soon be letting go of more than 160 employees.
The layoffs affect employees at Penske vehicle service locations including Detroit, Pontiac, Milford, Warren and Lansing, according to a release the company sent into the state’s WARN site.
That could result in the permanent layoff of more than 165 employees at locations across southeast Michigan.
Penske says this morning that due to the loss of a contract with General Motors, they’ll no longer be providing certain fleet and or transportation services for the automaker.
In addition to the cities mentioned earlier, the company’s location in Grand Blanc will close, too.

Penske Automotive to lay off more than 160 employees

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