Penske Automotive, Owner of U.K. Dealers, Tumbles After Brexit

  • U.S.-based auto retailer gets a third of revenue from the U.K.
  • Company says it’ll ‘wait and see’ after ‘unprecedented event’

Penske Automotive Group Inc., an operator of auto dealerships that gets a third of its revenue from the U.K, fell the most in 10 months after the British vote to pull out of the European Union sent the pound tumbling.

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