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Penske Automotive Group, Inc. (PAG) is an American transportation services company headquartered in Bloomfield Hills, Michigan.It operates automotive and commercial truck dealers principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, engines, power systems, and related parts and services principally in Australia and New Zealand.
Sterling Heights, Michigan: N/A 1953 [56] 1983 [57] The facility was originally built to manufacture jet engines and was operated as the Michigan Ordnance Missile Plant by the U.S. Army. Acquired by Volkswagen in 1980 and converted to automobile production. Chrysler took over the site in 1983 and began production of their own vehicles. Still in ...
DeVos was a finalist for the National Automobile Dealer Association's Dealer of the Year award in 2017. [4] DeVos is a partner in CWD Real Estate Investment in Grand Rapids, Michigan. The company manages 3.2 million square feet of real estate in the western Michigan area, [5] including several prominent downtown properties. The firm is downtown ...
Market incentives and subsidized leases were implemented to help sales which was crucial to keeping the plants operating at capacity, which in turn drove a significant portion of the Michigan economy. [21] These promotional strategies, including rebates, employee pricing and 0 percent financing, have boosted sales but have also cut into profits.
The Premier Automotive Group was formed in 1999 under then-CEO Jacques Nasser and grew to include the Lincoln, Aston Martin, Jaguar, Land Rover and Volvo brands. Forbes estimated that, by 2004, Ford had spent $17 billion building on acquisitions to form PAG.
Sonic purchased two dealerships from PPE Houston in January 2007. The acquisition of the Land Rover and Jaguar stores brought Sonic to 173 franchises and 37 collision repair centers. [15] Sonic halted its acquisition strategy during the Great Recession but returned to acquiring new locations in order to drive growth in 2013. [16]
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