The second largest automobile retailer in the United States: Penske Automotive Group (PAG)

penske automobile Penske Automotive Group, Inc. (NYSE: PAG) was founded in 1990, formerly known as the United Automotive Group, and changed its current name on July 2, 2007. Headquartered in Bloomfield Hills, Michigan, it has 28000 full-time employees. It is a diversified transportation service company that operates auto and commercial truck dealers.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pag.html

Panske Automotive Group (PAG) US Equities Encyclopedia

Penske Automotive Group, headquartered in Bloomfield Hills, Michigan, is an international transportation service company. It mainly operates automobile and commercial truck dealers in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gasoline engines, power systems and related parts and services in Australia and New Zealand. Penske Automotive Group, with more than 27000 employees worldwide, is one of the Fortune 500, Russell 1000 and Russell 3000 Index And was rated as "the most admired company in the world" by Fortune magazine. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pag.html

Panske Automotive operates through four divisions : Retail Automotive, Retail Commercial Truck, Other and Non Automotive Investments. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pag.html

Panske Automobile Company operates the dealership according to franchise agreements with several automobile manufacturers and distributors. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pag.html

• The company is engaged in new cars and used car Sales; And related products and services, including vehicle and collision repair services, as well as financial and leasing contracts, third-party insurance products and other aftermarket products.
• Panshiqi also operates used car super center, retail and wholesale used cars.
• Panske also operates heavy and medium-sized truck dealers, mainly providing Freightliner and Western Star trucks, as well as a series of second-hand trucks, services and parts, as well as maintenance and repair services.
• In addition, Penske Automotive Group also imports and distributes Western Star heavy trucks, MAN heavy and medium trucks, buses, Dennis Eagle garbage collection vehicles and related parts.
• Penske Automotive Group also distributes diesel and natural gas engines and power systems.

Up to now, Penske Auto has operated 320 retail auto franchise stores, 146 of which are located in the United States and 174 outside the United States; 23 used car dealers in the United States and Britain; 37 commercial truck dealers in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, Oregon and Canada. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pag.html

Panske Automotive Group (PAG) History Encyclopedia

• Penske Automotive was founded as United Automotive Group in 1990 and acquired by Penske Corporation and Roger Penske in May 1999.
• On July 2, 2007, the United Auto Group changed its name to Penske Automotive Group, Inc New York stock exchange The stock code of is changed to PAG.
• On June 5, 2009, Penske Automotive announced that it would general motors Purchase the Saturn brand and its assets. Less than four months later, on September 30, Penske Automotive announced that it would no longer acquire Saturn from General Motors due to manufacturing uncertainty.
• On February 28, 2022, Penske Automotive (NYSE: PAG) acquired TEAM Truck Centres in Ontario, Canada, a retailer of medium and heavy Freightliner and Western Star commercial trucks. TEAM has added four full-service dealers in Ontario (Cambridge, London, Sagna, Windsor) to the existing business of Premier Truck Group, expanding the company's commercial truck dealer business to 11 locations in Canada.
• On April 12, 2022, Penske Automotive Group (NYSE: PAG) has acquired Escondido's BMW/MINI And the collision center in Escondido, California.
• On December 22, 2023, Penske Automotive Group (PAG) acquired all the issued and outstanding capital stock of Don Allen Auto Service, a dealer in Massachusetts, with cash of US $12.34 million.

Penske Automotive Group (PAG) US equity investment