Industry Transportation CEO Roger Penske (1969–) Founded 1969 Type of business Privately held company | Website www.penske.com Founder Roger Penske Number of employees 5,000 | |
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Key people Roger Penske, Chairman
Rob Kurnick, President Products Automotive, Truck Leasing, Motor Group, Logistics Headquarters Bloomfield Hills, Michigan, United States Subsidiaries Penske Truck Leasing, Penske Automotive Group, Penske Motor Group |
Penske Corporation is an American, Bloomfield Township, Michigan-based, privately held, diversified transportation services company. Auto racing legend Roger Penske serves as chairman, and Rob Kurnick as president.
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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.
Subsidiaries
Penske's subsidiaries include:
Companies in which Penske Corporation owns a stake and performs a controlling role:
Former subsidiaries: