Penske Corporation

"Penske" redirects here. For other uses, see Penske (disambiguation).
Penske Corporation
Private
Industry Transportation
Founded 1969
Headquarters Bloomfield Hills, Michigan, U.S.
Key people
Roger Penske, Chairmain
Rob Kurnick, President
Products Automotive, Truck Leasing, Motor Group, Logistics
Number of employees
5000+
Website www.penske.com

Penske Corporation is an American, Bloomfield Hills, Michigan-based, privately held, diversified transportation services company. Auto racing legend Roger Penske serves as chairman, and Rob Kurnick as president.

Acquisitions

In 1985, Penske acquired Hertz's Truck Rental division to form Hertz/Penske Truck Rental. In 1992, "Hertz" was dropped and it became Penske Truck Rental.

On June 5, 2009, it was announced that Penske would purchase the Saturn brand and its assets from the bankrupt General Motors. Just three months later, on September 30, Penske announced it would no longer acquire Saturn from GM due to manufacturing uncertainties.[1]

Subsidiaries

Penske's subsidiaries include:

Companies in which Penske Corporation owns a stake and performs a controlling role:

Former subsidiaries:

References

  1. Johnson, Kimberly (September 30, 2009). "Penske Saturn Deal Falls Apart: GM To Shut Down Brand". The Huffington Post. Retrieved October 3, 2013.
  2. "Penske confirms 2015 V8 Supercar entry". Speedcafe. September 15, 2014.
  3. Levin, Doron (May 25, 1989). "Penske Wins Big at Detroit Diesel". The New York Times. Retrieved October 3, 2013.
  4. "People: Roger Penske...This Guy Should Run GM". Motor Trend. Retrieved October 3, 2013.
  5. "Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler". The Auto Channel. July 20, 2000. Retrieved October 3, 2013.
  6. Sutton, Mike (July 16, 2007). "GM, Penske Partner in VM Motori Stake". Ward's. Retrieved October 3, 2013.
  7. Ganz, Andrew (February 15, 2011). "Fiat to split VM Motori with GM after buying Penske's 50% share". LeftlaneNews. Retrieved October 3, 2013.

External links

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