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Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.
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.
Synthesia is a synthetic media generation company that develops software used to create AI generated video content. Its customer base, as of January 2025, includes over sixty percent of Fortune 100 companies.
In 2014, Honeywell completed a $155 million sale of its friction materials business to Federal Mogul. In December 2016, Federal-Mogul completed the acquisition of the Beck/Arnley brand and certain associated assets. Based in Smyrna, Tennessee, Beck/Arnley is a provider of parts and fluids for foreign nameplate vehicles in North America.
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. [13]
MichAuto started as a grassroot initiative in 2007 to promote and retain the auto industry when it was on the precipice of an economic meltdown.
However, by 2010, because of Toyota's controversy surrounding their unintended acceleration recall, Toyota fell back to fourth place in U.S. sales in the 2010s, and allowed G.M., Ford and Chrysler to reclaim their title as the Big Three. Toyota, however, overtook GM as the best-selling automaker in the United States in 2021, marking the first ...
CSK Auto was formed after a series of acquisitions in the auto parts space. In October 1971, Lucky Stores acquired Kragen Auto Supply with its 11 stores in a stock swap. [6] Lucky also acquired Checker Auto Parts when it acquired Yellow Front Stores along with their corporate parent Valley Distributing for $45.9 million in stock in March 1978. [7]