No brokers were involved in the deal, a Penske spokesman said.
Baker Motor Co., owned by Tommy Baker, is based in Charleston, S.C., and founded in 1988. The group’s website lists other stores in North Carolina and South Carolina selling Mercedes, Porsche, Infiniti, Maserati, Alfa Romeo, Jaguar, Land Rover, Buick, GMC and Cadillac vehicles.
Penske on July 26 posted a 19.5 percent year-over-year decline in second-quarter net income to $302.6 million, while net income attributable…
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