Episode #1404: The nation's No. 2 auto retailer looks to go private in a $3.8 billion deal, a viral TikTok perpetuates the stigma that dealers are the problem. autonews.com/retail/an-penske-mitsui-offer-penske-automotive-private-0722 The nation's second-largest automotive retailer may soon leave the public markets. Penske Corp. and Japanese partner Mitsui have launched a $3.8 billion bid to take Penske Automotive Group private, a move that could give the dealership giant more flexibility to invest and plan for the long term. -Penske Corp. and Mitsui are offering $210 per share for the 28% of Penske Automotive Group they don't already own. -Shares jumped nearly 10% after the announcement, though some investors may push for a higher offer. -Management says operating as a private company would provide greater flexibility to invest, innovate, and make long-term decisions. -Analysts say the move could also simplify future leadership succession while reducing pressure from qua...