Penske Corporation
Company type | Private |
---|---|
Industry | Transportation |
Founded | 1969 |
Founder | Roger Penske |
Headquarters | Bloomfield Township, Michigan, U.S. |
Key people | Roger Penske (Chairman) Brian Hard (President) |
Products | Auto Racing, Truck Leasing, Retail, Logistics |
Number of employees | ~65,000[1] |
Website | www |
Penske Corporation, Inc. (transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.[2]
Holdings
Current
- DAVCO Technology (transportation component manufacturing)
- Ilmor Engineering (high performance motorsport engines)
- Penske Automotive Group (a 40+% stake)
- Penske Entertainment Corporation, parent company of:
- Motorsports sanctioning body; parent company of the IndyCar Series)
- Indianapolis Motor Speedway (2.5-mile race track in Speedway, Indiana)
- IMS, LLC (Operators of the race track)
- IMS Productions, Inc. (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities)
- Penske Logistics (supply chain management and logistics service)
- Penske Motor Group (retail automotive in California and Texas)
- Premier Truck Group (commercial vehicle dealerships)
- Penske Truck Leasing (joint venture with Penske Corp. and Mitsui & Co., Ltd)
- Penske Truck Rental (truck rental services)
- Team Penske (Motorsports team that enters teams in the IndyCar Series, IMSA SportsCar Championship and NASCAR)
- Truck-Lite (transportation component manufacturing)
- Carshop (certified used vehicle dealer)
Former
- DaimlerChrysler AG in 2000.[5]
- Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected
- VM Motori S.p.A.[12] – 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.[13]
References
- ^ "Penske named Presidential Medal of Freedom recipient". IndyCar.com. Archived from the original on 2021-01-13. Retrieved 2019-07-02.
- ^ "About Us". Archived from the original on 2023-04-08. Retrieved 2023-04-08.
- ^ Levin, Doron (May 25, 1989). "Penske Wins Big at Detroit Diesel". The New York Times. Archived from the original on October 5, 2013. Retrieved October 3, 2013.
- ^ "People: Roger Penske...This Guy Should Run GM". Motor Trend. Archived from the original on October 5, 2013. Retrieved October 3, 2013.
- ^ "Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler". The Auto Channel. July 20, 2000. Archived from the original on May 31, 2019. Retrieved October 3, 2013.
- ^ "Penske confirms 2015 V8 Supercar entry". Speedcafe. September 15, 2014. Archived from the original on January 15, 2021. Retrieved September 15, 2014.
- ^ Penske finalises exit from Supercars, DJR reborn Archived 2020-11-01 at the Wayback Machine Auto Action October 24, 2020
- ^ "Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $112 million. Company to focus on retailing". Los Angeles Times. September 26, 1995. Archived from the original on 2015-12-10. Retrieved 2018-01-23.
- ^ Buck, Genevieve (September 26, 1995). "Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail". Chicago Tribune. Archived from the original on 2018-01-24. Retrieved 2018-01-23.
- ^ "Penske Auto Centers close for good". United Press International. April 9, 2002. Archived from the original on January 23, 2018. Retrieved January 23, 2018.
- New York Times. Archivedfrom the original on January 24, 2018. Retrieved January 23, 2018.
- ^ Sutton, Mike (July 16, 2007). "GM, Penske Partner in VM Motori Stake". Ward's. Archived from the original on October 4, 2013. Retrieved October 3, 2013.
- ^ Ganz, Andrew (February 15, 2011). "Fiat to split VM Motori with GM after buying Penske's 50% share". LeftlaneNews. Archived from the original on October 4, 2013. Retrieved October 3, 2013.