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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. [3]
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Penske Motor Group's flagship dealership is Longo Toyota in El Monte, California, the largest car dealership in the world at over 50 acres (200,000 m 2). [1] In addition to Toyota sales and service facilities, the El Monte dealership campus also includes a Starbucks , Subway restaurant, Verizon Wireless store, Enterprise Rent-A-Car agency, and ...
Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 [8] [9] until 2002. [ 10 ] [ 11 ] VM Motori S.p.A. [ 12 ] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.
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Toyota supported three Cup teams in a total of seven cars in 2007. As of the 2024 season, drivers who compete in the Toyota Camry include Joe Gibbs Racing drivers Ty Gibbs, Martin Truex Jr., Denny Hamlin, and Christopher Bell, 23XI Racing drivers Bubba Wallace and Tyler Reddick and Legacy Motor Club drivers Erik Jones and John Hunter Nemechek.
The cost to repair and replace components is up; the cost to insure them is going to follow.
Furniture Row Racing (FRR) was an American professional stock car racing team that competed in the NASCAR Cup Series from 2005 to 2018. The team was owned and sponsored by Furniture Row, a U.S. furniture store chain, and was based in Furniture Row's home city of Denver, Colorado, being the only NASCAR team headquartered west of the Mississippi River.