UnitedAuto Group Inc.’s UAG Holdings de Mexico forms a joint venture with Mexican auto retailers Mario and Javier Padilla Longoria to operate a Toyota franchise in Monterrey, Mexico. The dealership, Toyota de Monterrey, is one of the first six dealerships appointed by Toyota to operate in Mexico. UnitedAuto Chairman Roger Penske says the new JV will provide for excellent growth potential in the country, build on the “outstanding relationship we have with Toyota and allow us to enter an ...

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