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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.
Its predecessor, Lansing Metro Lines, was privately owned and operated under a franchise from the city of Lansing. Poor ridership and increasing costs prompted a city buyout of Metro Lines in 1970, creating uncertainty about the future of bus service in the Lansing area. [4] CATA was organized as a regional authority in 1971. [5]
The speed limit beyond the sign is the prevailing limit for the general area; for example, the sign might be used to show the end of an urban area. In the United Kingdom, the sign means that the national speed limit applies (60 mph (97 km/h) on open roads and 70 mph (110 km/h) on dual carriageways and motorways).
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