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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.
In September 2019, Cox Automotive's Mobility Division entered into an agreement with Rivian, the company developing the first luxury all-electric truck. In the deal, Cox will invest $350 million into Rivian, with the two companies exploring partnership opportunities in service operations, logistics, and digital retailing.
Midas is one of the world's largest providers of automotive services, offering brake, maintenance, tires, exhaust, steering and suspension services at more than 2,100 franchised, licensed and company-owned Midas shops in 13 countries, including nearly 1,300 in the United States of America and Canada.
Hengst Automotive, based in Münster, North Rhine-Westphalia, Germany, is a company that specializes in fluid management, crankcase ventilation systems as well as filter systems for oil, fuel, air and cabin air filtration.
Usually, it is coloured red or green to differentiate it from motor oil and other fluids in the vehicle. This fluid is designed to meet the unique demands of an automatic transmission. It is formulated to ensure smooth valve operation, minimize brake band friction, facilitate torque converter function, and provide effective gear lubrication.
IHO Group (investment holding of the Schaeffler family) is the controlling shareholder and currently owns 46% of Continental shares. [27] In November 2018, Continental purchased Kmart Tyre & Auto Service in Australia from Wesfarmers for A$350 million. [28] In 2017 Continental signed a partnership to be the Tour de France official tire sponsor ...
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