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Penske Automotive was founded as United Automotive Group in 1990 by Marshall S. Cogan [2] and later came under the control of Penske Corporation and Roger Penske in May 1999. Several years later, on July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG.
Its predecessor, Lansing Metro Lines, was privately owned and operated under a franchise from the city of Lansing. Poor ridership and increasing costs prompted a city buyout of Metro Lines in 1970, creating uncertainty about the future of bus service in the Lansing area. [4] CATA was organized as a regional authority in 1971. [5]
In Germany, the first known experiments with variable speed limit signs took place in 1965 on a 30-kilometre (19 mi) stretch of German motorway, the A8 between Munich and the border city of Salzburg, Austria. Mechanically variable message signs could display speeds of 60, 80 and 100 km/h, as well as text indicating a "danger zone" or "accident".
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