Penske automotive says executive and management compensation has been significantly reduced

Penske automotive addresses covid-19.penske automotive group - executive and management compensation has been significantly reduced.penske automotive - implemented company-wide hiring freeze, staffing-level adjustments, postponement of an estimated $150 million in capital expenditures.penske automotive group inc - 100% reduction in salary for ceo & president for duration of crisis.penske automotive group - board of directors has waived cash compensation for next 6 months.penske automotive group - over last 10 days, automotive dealership operations across u.s. experienced decline in unit volume & service/parts revenue.penske automotive group inc - currently have access to liquidity of $1.3 billion.penske automotive group - commercial truck dealership sales & service operations remain open in most locations around u.s. & canada.
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