Penske Shares Vault on Word of Veterans’ Donation
Paralyzed Veterans of America today announced it received a donation of $1.13 million from long-time partner Penske Automotive Group (NYSE:PAG).
The amount includes donations from customers, partners and employees of Penske Automotive Group, as well as matching contributions from the company. “All the proceeds,” according to this morning’s news release, “will be used to help veterans with spinal cord injuries and diseases, like MS and ALS, receive the benefits they earned, the specialized health care they need, and the meaningful careers they want.”
Said PVA President Robert Thomas, "Paralyzed Veterans of America is grateful to our partners, like Penske Automotive Group, who are driven to make a difference in the lives of veterans living with spinal cord injuries and diseases.
"Through their generosity, PVA can provide critical resources and services, advocate for the freedoms of veterans with disabilities, and ensure the men and women who served our country have the opportunities they earned and deserve."
Since the inception of the partnership, Penske Automotive Group and its customers, partners and employees have contributed more than $10 million to PVA. This year's donation, which was part of Penske Automotive Group's Service Matters campaign, will help ensure all veterans live independent, productive lives.
PAG shares began Tuesday better by $6.57, or 4.7%, to $147.00.
