Would it be wise to invest in Penske Automotive who is releasing the Smart car now?


automotive
KLEE asked:


I researched the Smart car and found out that Penske Automotive owns it. I would imagine this might have a certain degree of success considering gas prices.

This entry was posted on Wednesday, June 2nd, 2010 at 4:02 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Would it be wise to invest in Penske Automotive who is releasing the Smart car now?”

  1. 50/50 to 50 Says:

    Dailmer Chysler makes the smart car Penske has the rights to sell it. The cost of creating a new dealership to sell one type of car?. It might be good, I will pass on it. 50/50 to 50

  2. jkdon Says:

    I know in Italy smart cars are very popular because the pay almost 9$ / gallon . In the US , we will probably see some of them , not in the near future . Sadly I still see lots of Chevy Tahoe and big 8 cylinder . The transition will be very slow . jkdon

  3. BillyTheKid Says:

    The car was developed by Mercedes and SWATCH, the watch makers! It’s actually a very safe car with a built in safety cage for accidents plus airbags. I think if they keep the prices low it will be a big success. BillyTheKid

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