Penske Corporation

Not to be confused with Penske Media Corporation.

"Penske" redirects here. For other uses, see Penske (disambiguation).

Penske Corporation, Inc. (/pɛn.skiː/) is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the founder and 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.^[2]

Penske Corporation

Company type	Private
Industry	Transportation
Founded	1969; 56 years ago (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.com

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:
  • INDYCAR, LLC (Motorsports sanctioning body; parent company of the IndyCar Series)
  • Indianapolis Motor Speedway (2.5-mile race track in Speedway, Indiana)
  • IMS Productions, Inc. (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities)
  • Grand Prix Association of Long Beach (promoter of the Grand Prix of Long Beach in Long Beach, California)
  • Detroit Grand Prix, Inc. (promoter of the Detroit Grand Prix in Detroit, Michigan)
• 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, NASCAR and World Endurance Championship)
• Truck-Lite (transportation component manufacturing)
• Carshop (certified used vehicle dealer)

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.^[3][4] Sold to DaimlerChrysler AG in 2000.^[5]
• DJR Team Penske (51% stake) (Australian V8 Supercars team)^[6] sold in 2020^[7]
• Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995^[8][9] until 2002.^[10][11]
• 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]