Fisker Automotive Extends U.S. Dealer Network With Penske Automotive Group by penskeag


									Fisker Automotive Extends U.S. Dealer Network With Penske Automotive Group

Fisker Automotive to launch first franchise outlet in Penske Automotive Group’s
Scottsdale, Arizona showroom

Scottsdale, AZ – June 12, 2012: Fisker Automotive, the leading manufacturer of luxury
Electric Vehicles with extended range, is joining forces with Penske Automotive Group, a
leading international auto retailer, to market and service Fisker cars in Arizona and the
surrounding region.

                                           Penske Automotive Group (NYSE: PAG,
                                  ), a subsidiary of
                                           the Penske Corporation founded and chaired by
                                           Roger Penske, will operate the new franchise
                                           outlet: Fisker of Scottsdale
                                           ( ).

                                             The addition of the new Scottsdale, Arizona outlet
                                             will bring the number of independent retail
                                             showrooms in the US, Canada and Europe serving
Fisker ( ) to 80 locations. Of that total, Fisker’s award-winning
Karma model is sold through 48 outlets in North America alone, and will soon be distributed for
the first time in China and the Middle East following new retail agreements in both regions.

Fisker Automotive executives welcomed the partnership with Penske Automotive Group, a
proven and well-resourced auto retail group with 336 retail automotive franchises representing
42 different brands and 29 collision repair centers.

 “Penske Automotive Group is one of the most respected and successful auto retail companies
in the world,” said Matthew Malfitano, Director of North American Operations at Fisker
Automotive. “Their support speaks volumes about Fisker’s market potential. Fisker is proud to
be part of the Penske team and we look
forward to a fruitful relationship.”

Dave Wallace, Penske Automotive Group
Arizona’s Area Vice President, said, “Penske
Automotive Group is excited to have Fisker of
Arizona as the exclusive Fisker retailer in the
region. Our research shows there is strong
demand for clean, energy-efficient luxury cars.
Fisker will make a fine addition to Penske’s
portfolio of premium brands.”

Fisker Automotive created the luxury EV segment with the Karma, the world’s first luxury
Electric Vehicle with extended range (EVer™). The Karma’s unique EVer™ powertrain
combines the power and efficiency of a pure electric car with the range and freedom of a
traditional car, giving drivers the option to either plug-in or fill-up.

As well as having 403 horsepower and nearly
1,000 lb/ft of torque, the dramatically styled
Karma sedan also gets more than twice the
economy (54 MPGe) and creates about half the
emissions (169g CO2/mi) of competitive luxury
cars, according to the U.S. Environmental
Protection Agency (EPA). U.S. pricing starts at
$103,000, not including a $7,500 federal income
tax credit and other local incentives.
The Fisker Karma was named Luxury Car of the
Year by Top Gear magazine, and Automobile
magazine’s Design of the Year. It was also one of
TIME magazine’s 50 Best Inventions of 2011,
and received a Silver Edison Award for innovation.

Fisker appeals to eco-minded luxury buyers by offering cars with a unique blend of world-class
design and performance, industry-leading economy and the lowest emissions of nearly any
production car. Dramatic lines inspired by nature, the world’s largest and most powerful solar
glass panel roof on a car and 22-inch wheels distinguish the Fisker Karma from anything else
on the road. In line with Fisker’s eco-conscious brand values, the Karma can be driven
emission-free, features reclaimed wood trim, and is available with high-grade textile upholstery
made from recycled materials.

 The latest Fisker Automotive showroom, located at 6855 East McDowell in Scottsdale,
Arizona. You can reach the showroom by telephone at +1-480-421-7300 or on the web at

                          About Fisker Automotive, Inc.
                          Fisker Automotive is an American car company, founded in 2007,
                          committed to producing electric vehicles with extended range
                          (EVer) that deliver Uncompromised Responsible Luxury™. The
                          Fisker Karma Sedan is the world’s first premium electric plug-in
                          hybrid representing the company’s firm belief that environmentally
                          conscious cars need not sacrifice passion, style, or
                          performance. Fisker Automotive is a global company that is
                          redefining luxury for the modern sports car buyer. For more
                          information on the brand and the Fisker Karma sedan, please go to .

                              About Penske Automotive Group
                              Penske Automotive Group, Inc.,
                              ( headquartered in
                              Bloomfield Hills, Michigan, operates 336 retail automotive
franchises, representing 42 different brands and 29 collision repair centers. Penske
Automotive, which sells new and previously owned vehicles, finance and insurance products
and replacement parts, and offers maintenance and repair services on all brands it represents,
has 169 franchises in 17 states and Puerto Rico and 166 franchises located outside the United
States, primarily in the United Kingdom. Penske Automotive is a member of the Fortune 500
and Russell 2000 and has approximately 16,000 employees.

To top