tiprankstipranks
Navigating New Norms: Penske Automotive’s Challenge Amid Global Shift to Green Vehicles
Company Announcements

Navigating New Norms: Penske Automotive’s Challenge Amid Global Shift to Green Vehicles

Penske Automotive (PAG) has disclosed a new risk, in the Regulation category.

Don't Miss our Black Friday Offers:

Penske Automotive faces heightened business risk due to stringent vehicle requirements set by governments and regulators. Federally mandated fuel economy standards and the EPA’s aggressive new emissions limits for light to medium-duty vehicles underscore a push towards electric vehicles, exemplified by the 49% reduction in GHG emissions required by 2032. In the international arena, the U.K.’s proposed ban on gasoline engines by 2035 and the European Parliament’s zero emission mandate for new cars signal a challenging transition for the automotive industry. These evolving regulations could materially impact Penske Automotive’s vehicle sales, pricing, and demand, posing a significant threat to its operational viability.

The average PAG stock price target is $143.33, implying -5.69% downside potential.

To learn more about Penske Automotive’s risk factors, click here.

Related Articles
TheFlyPenske Automotive price target raised to $170 from $165 at Seaport Research
TheFlyPenske Automotive management to meet virtually with Seaport Research
TipRanks Auto-Generated NewsdeskPenske Automotive Reports Q3 2024 Financial Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App