March 30 (Reuters) - Penske Automotive Group Inc PAG.N :
* 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