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Penske Automotive Group (PAG) is a 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.
Under him and his successor as president of Volkswagen of America, J. Stuart Perkins, VW's U.S. sales grew to 569,696 cars in 1970, an all-time peak, when Volkswagen captured 7 percent of the U.S. car market and had over a thousand American dealerships.
Based on property value, Troy is the second largest city in Michigan, second only to Detroit. The Top of Troy is the city's tallest building (now renamed the National City Center). Troy is home to the upscale Somerset Collection mall, featuring a skywalk and over 180 stores, and the Oakland Mall .
In 2009, during the great recession, AutoNation announced a newly formed AutoNation Payment Protection program, promising that the dealership will buy back any car at market value, should the owner lose their job. [20] By 2011, AutoNation was the first auto retailer in the U.S. to sell a total of 8 million vehicles. [21]
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Additional revenues come from auto repair at the dealerships, financing, and insurance sales. [37] In 2013 Lithia was named No. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012. In used-vehicle sales it also ranks No. 9, with retail used-vehicle sales of 49,067 in 2012. [38]
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The complex consists of a 25-story triangular office tower and a two-floor atrium containing offices, retail, and a conference center. Completed in 1975, the International-style tower is the tallest building in Troy and among the tallest in Oakland County, standing 346 feet tall with 667,000 square feet of office space.
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