The purpose of the company is to operate a used vehicle trade and vehicle rental business, as well as to acquire, hold and sell participations. The company is authorized to acquire, encumber, manage and sell real estate in Switzerland and abroad. The company is also authorized to establish branches and found subsidiaries in Switzerland and abroad. Furthermore, the company may conduct any business that is suitable to promote the development of the company and the achievement of its purpose. It may also provide financing for its own account or for the account of third parties, as well as provide securities for liabilities of affiliated companies.