The company's purpose is to trade in automobiles, engines and automobile spare parts of all kinds, as well as to operate garages and repair workshops. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, manage, exploit and sell real estate and intellectual property rights in Switzerland and abroad. The company may carry out all commercial, financial and other activities that appear suitable to promote the purpose of the company or are connected with it. The company may grant direct or indirect financing to companies in which it is directly or indirectly involved, its direct or indirect shareholders, as well as companies in which such companies are directly or indirectly involved, or to third parties, whether by way of loans or other financing, and may provide security of any kind for its own or third-party liabilities, including by way of pledges, fiduciary transfers or assignments of the company's assets, guarantees of any kind or sureties, or otherwise secure or guarantee the obligations of other companies, whether for consideration or not. Furthermore, it may engage in liquidity balancing/concentration of net liquidity (cash pooling) with the aforementioned companies or join such a system, including periodic account balancing. This also applies to preferential conditions without interest, excluding the company's profit motive and/or assuming cluster risks.
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