Penske Automotive Group acquired Commercial Vehicles Group from Transpacific Industries for $219 million. CVG is the importer and distributor of Western Star, MAN, and Dennis Eagle commercial vehicles in Australia and New Zealand, with a network of 65 dealers in Australia and 16 in New Zealand. The acquisition provides Penske with an estimated $433-496 million in additional annual revenue and is its first entry into the Australian market.
International marketing and communications agency specializing in Automotive, Motorsport and High Performance Technologies, based in Silverstone, UK and Detroit, US
If you would like genuine Mercedes Benz parts then Sparesboyz is very best place in Cape Town to buy them. We understand first-hand how tough it can be to find the parts you need for your Mercedes Benz. We not only supply you with the spares you need, we guarantee they are 100% genuine Mercedes Benz parts.
Find out about our business opportunity offering. with a network spreading from the UK, Germany & Spain to Russia, Kuwait & Yemen you can join one of the fastest growing leather repair businesses in the world today.
International marketing and communications agency specializing in Automotive, Motorsport and High Performance Technologies, based in Silverstone, UK and Detroit, US
If you would like genuine Mercedes Benz parts then Sparesboyz is very best place in Cape Town to buy them. We understand first-hand how tough it can be to find the parts you need for your Mercedes Benz. We not only supply you with the spares you need, we guarantee they are 100% genuine Mercedes Benz parts.
Find out about our business opportunity offering. with a network spreading from the UK, Germany & Spain to Russia, Kuwait & Yemen you can join one of the fastest growing leather repair businesses in the world today.
On June 14 - 15, on the occasion of 27th foundation day of U.P. Council of Agricultural Research, Lucknow, a two day National Conference was held on Mass Communication as an effective tool for Agriculture Development, Prof B. N. Singh delivered his lecture on On-farm Research on Aerobic rice Technology Testing and Dissemination in the said conference.
LEAD Trust is collaborating in digital propagation of his lecture slides, which are available here.
If your company needs to submit a Corporate Automobile Lease Proposal PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response https://bit.ly/39FJ2m1.
Transport Service Proposal PowerPoint Presentation SlidesSlideTeam
Transport service proposal is a professional document that describes your valued services and convinces potential clients to choose your transportation services. The transportation proposal PPT includes a professional and straightforward outline for quoting the transportation services which your company is willing to offer. Use this transport service proposal PowerPoint slide to increase your sales by presenting a well-formatted plan. With the help of this professionally designed transportation proposal PPT slides to enhance the proposal-writing skills of your team. Mention here your project context and the solutions which your company can provide to the clients. Provide your audience with a clear overview of the different transports which your company owns and how they will be used to accomplish different tasks such as buses, luxury motors, dry van services, etc. In this professional proposal PowerPoint presentation, we provide you slides where you can elucidate your prices in accordance with different types of vehicles and specific services. Also, present all your achievements and certifications here to attract maximum clients and create a proposal that can’t be turned down. Avail this deck to provide your clients with an in-depth understanding of your tour packages, shuttle contracts, and other transport business services. Download this professionally designed formal transportation proposal PowerPoint presentation now to come up with a winning transportation proposal.
Highway Company Profile Presentation.pdfHighway Rac
Highway Rent a Car is a Dubai-based car rental agency that offers a variety of rental
options, including daily, weekly, monthly, minimum leasing and extended leasing.
We have a wide range of vehicles to choose from, including economy cars, SUVs, pickups,
panel vans and buses. Highway Rent a Car is committed to providing excellent customer
service.
visit: https://highwayrac.com
If your company needs to submit a Event Transportation Proposal PowerPoint Presentation Slides look no further.Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. http://bit.ly/389FTYf
The 10 Best Reliable Trailer Manufacturers You Need to Know in 2024.pdfInsightsSuccess4
This edition features a handful of The 10 Best Reliable Trailer Manufacturers You Need to Know in 2024 that are at the forefront of leading us into a digital future
A conveyance proposal is a professional document that describes the value proposition and convinces the prospective client to choose your company to avail of transportation services. The conveyance proposal PPT includes a simple and professional outline for quoting the transportation services which your company is willing to offer. Use this conveyance proposal PowerPoint slide to increase your sales by presenting a well-formatted proposal. With the help of this professionally designed transportation proposal PPT slides to enhance the proposal-writing skills of your marketing teams. The proposal includes a specific offer to complete a job or offers services for the recipient and outlines your approach. Mention here your project context and the solutions which your company can provide to the clients. Provide your audience with a clear overview of the different vehicles which your company owns and how they will be used to accomplish different tasks such as truckloads, dry van services, etc. In this professional proposal PowerPoint presentation, we provide you slides where you can elucidate your prices in accordance with different types of vehicles and specific services. Avail this deck to provide your clients with an in-depth understanding of your tour packages, shuttle contracts, and other transport business services. Also, present all your achievements and certifications here to attract maximum clients and create a proposal that can’t be turned down. Therefore, download this professionally designed formal conveyance proposal PowerPoint presentation and come with a winning transportation proposal.
Corporate Car Lease For Employees Proposal PowerPoint Presentation SlidesSlideTeam
If your company needs to submit a Corporate Car Lease For Employees Proposal PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. https://bit.ly/2BO1MAL
Penske Buys CVG from Transpacific- Trade Trucks July 2013
1. PENSKE BUYS CVG FROM TRANSPACIFIC
Date: 29.07.2013
US multinational picks up distributor of Western Star, MAN and Dennis Eagle for $219 million
Huge US automotive concern Penske Group has bought Transpacific Industries-owned Commercial Vehicles
Group (CVG), the importer and distributor of Western Star trucks, MAN trucks, MAN buses and Dennis Eagle
trucks for Australia and New Zealand.
Penske parted with $219 million in a deal expected to be complete on September 30 when CVG will become part
of its Penske Automotive Group arm.
For that, it says it expects to gain about US$420-460 million ($433-496 million) in annual revenue for US-listed
Penske Automotive.
It will pick up a network of 65 dealers across Australia and 16 dealers across New Zealand, which provide full
authorised parts, service and warranty functions for the three brands.
The Australian group also has dealer representation in Papua New Guinea, the Philippines and Indonesia.
This is Penske Automotive’s first foray into Australia but it is yet to say what its next steps will be.
"Our business success is driven by our core values – the importance of human capital, maintaining OEM
relationships, our commitment to a premium brand mix, diversification, capital investment and fostering repeat and
referral business through a commitment to customer satisfaction and exceeding expectations," Penske
Automotive Chairman Roger S. Penske states.
"The acquisition of the Commercial Vehicles Group of Transpacific fits with this model, and we are excited to
enter the Australian market."
The move is a strategic one aimed at bolstering its overseas business and diversifying its foreign income streams
from the 36 percent of revenue that they occupy now.
"Western Star Trucks provides us with an attractive gateway to enhance our global business profile," Roger
Penske says.
"Strong market dynamics, multiple growth options and one of the largest and well-established dealer networks in
Australia and New Zealand enhance the business opportunity.
"We believe that our existing relationships with heavy and medium-duty truck manufacturers and our experience
in operating distribution and dealership-related businesses provide us with a unique opportunity to expand our
business while potentially providing a steppingstone to Southeast Asian markets for other parts of our business."
Penske Automotive, headquartered in Bloomfield Hills, Michigan, operates 332 retail automotive franchises,
representing 39 different brands and 30 collision repair centers.
Search news & reviews
Type
Trucks
Sub Type
Select a Sub Type
SEARCHBack to keyword search
SUBSCRIBE TRUCK BRANDS BUS BRANDS CONTACT US
0 Tweet0LikeLike
1 / 1
SUBSCRIBE
NEWSLETTER
FEATURED VIDEO
For Sale Sell New Trucks News & Reviews Dealers Transport Jobs
(0) (0)
TRUCKS EARTHMOVERS & EQUIPMENT FARM MACHINERY CARS BOATS MOTORHOMES & CARAVANS