Penske Corporation

Penske Corporation
TypePrivate
IndustryTransportation
Founded1969; 54 years ago (1969)
HeadquartersBloomfield Township, Michigan, U.S.
Key people
Roger Penske (Chairman)
Brian Hard (President)
ProductsAuto Racing, Truck Leasing, Retail, Logistics
Number of employees
~65,000
Websitewww.penske.com

Penske Corporation, Inc. (/pɛn.skiː/) is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.

Holdings

Current

Former

  • Detroit Diesel – A former GM subsidiary, Penske purchased a portion of the company in 1988 and, together with General Motors, spun the company off into a separate company. Sold to DaimlerChrysler AG in 2000.
  • DJR Team Penske (51% stake) (Australian V8 Supercars team) sold in 2020
  • Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 until 2002.
  • VM Motori S.p.A. – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.

This page was last updated at 2023-11-30 07:53 UTC. Update now. View original page.

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