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Penske Automotive was founded as United Automotive Group in 1990 by Marshall S. Cogan [3] 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. [4]
Freightliner began delivering e-M2 trucks to Penske in December 2018, and will commercialize its larger e-Cascadia in 2019. [4] [needs update] Since 2023 Daimler offers MT50e electric step-van with the exact cargo capacity and dimensions as its diesel counterpart. The 2024 model offers level 2 home charging which was absent on the 2023 model. [5]
The body and final assembly is by Grumman, and the chassis is made by General Motors, based on the 1982 Chevrolet S-10 Blazer, powered by GM engines including the 2.5-liter inline-four TBI Iron Duke and, in later production, 2.2-liter inline-four SPFI LN2; the instrument cluster and front suspension are similar to those used in the Chevrolet S ...
In May 2019, DIS began work on a $5.5 million project focused on expanding its garage surface area by 20%; the project was completed in time for the 2019 Drydene 400. [ 134 ] [ 135 ] In December 2021, ownership of the track changed hands when Dover Motorsports was bought out by Speedway Motorsports, LLC (SMI) for $131.5 million.
NASCAR Craftsman Truck Series NASCAR Craftsman Truck Series Championship Race (1995–present) Former: IndyCar Series Jimmy Bryan Memorial (1964–2005, 2016–2018) CART Circle K/Fiesta Bowl 200 (1964–1986) Website: phoenixraceway.com: Dogleg Oval (2011–present) Surface: Asphalt: Length: 1.000 miles (1.609 km) Turns: 4: Banking ...
In the late 1990s, the U.S. economy was on the rise and GM and Ford gained market share producing enormous profits primarily from the sale of light trucks and sport-utility vehicles. In 2001, following the September 11th attacks, a severe stock market decline caused a pension and benefit fund underfunding crisis.
Kmart's longest lasting logo, used from 1969 to 1990. Under the leadership of executive Harry Cunningham, S.S. Kresge Company opened the first Kmart-named store, at 27,000 square feet (2,500 square meters), which was referred to by Kresge as a "bantam" Kmart and was in fact originally intended to be a Kresge store until late in the planning process, on January 25, 1962, in San Fernando ...
In 1970, Smith purchased the controlling interest in an aircraft maintenance company, Ark Aviation Sales, [4] and by 1971 turned its focus to trading used jets. On June 18, 1971, Smith founded Federal Express with his $4 million inheritance (approximately $29.8 million in 2023 dollars) [ 16 ] and raised $91 million (approximately $690 million ...
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