Penske Corporation, Inc. () is an American diversified transportation services company based in

Bloomfield Township, Oakland County, Michigan Bloomfield Township is a charter township in Oakland County in the U.S. state of Michigan. A northern suburb of Detroit, Bloomfield Township is located roughly northwest of downtown Detroit. As of the 2020 census, the township had a populatio ...

Roger Penske Roger Searle Penske (born February 20, 1937), also known as "the Captain", is an American auto racing team owner, businessman, and former professional driver. Penske is the owner of Team Penske, the Indianapolis Motor Speedway, IndyCar, and ...

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 Transport (in British English) or transportation (in American English) is the intentional Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land tr ...

, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.

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 Motorsport or motor sport are sporting events, competitions and related activities that primarily involve the use of automobiles, motorcycles, motorboats and powered aircraft An aircraft engine, often referred to as an aero engine, is the po ...

sanctioning body; parent company of the

IndyCar Series The IndyCar Series, officially known as the NTT IndyCar Series for sponsorship reasons, is the highest class of American open-wheel car racing in the United States, which has been conducted under the auspices of various sanctioning bodies sinc ...

) **

Indianapolis Motor Speedway The Indianapolis Motor Speedway is a motor racing circuit located in Speedway, Indiana, United States, an enclave suburb of Indianapolis, Indiana. It is the home of the Indianapolis 500 and the Brickyard 400, and and formerly the home of the U ...

(2.5-mile

race track A race track (racetrack, racing track or racing circuit) is a facility built for racing of vehicles, athletes, or animals (e.g. horse racing or greyhound racing). A race track also may feature grandstands or concourses. Race tracks are also us ...

Speedway, Indiana Speedway is a town in Wayne Township, Marion County, Indiana, United States. The population was 13,952 at the 2020 census, up from 11,812 in 2010. Speedway, which is an enclave of Indianapolis, is the home of the Indianapolis Motor Speedway. H ...

) **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 Long Beach is a coastal city in southeastern Los Angeles County, California, United States. It is the list of United States cities by population, 44th-most populous city in the United States, with a population of 451,307 as of 2022. A charter ci ...

) ** Detroit Grand Prix, Inc. (promoter of the Detroit Grand Prix in

Detroit, Michigan Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United State ...

) * Penske Logistics (supply chain management and logistics service) *

Penske Motor Group Penske Motor Group is an El Monte, California, U.S.–based, subsidiary of Penske Corporation, managed by Gregory Penske. The group operates three automobile dealerships in California: Longo Toyota and Longo Lexus in the Greater Los Angeles Area ...

(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 Team Penske (formerly Penske Racing) is an American professional auto racing organization, competing in the IndyCar Series, NASCAR Cup Series, IMSA SportsCar Championship and FIA World Endurance Championship. Debuting at the 1966 24 Hours of Day ...

(Motorsports team that enters teams in the

IMSA SportsCar Championship The IMSA SportsCar Championship, currently known as the IMSA WeatherTech SportsCar Championship under sponsorship, is a sports car racing series based in the United States and Canada and organized by the International Motor Sports Association (I ...

NASCAR The National Association for Stock Car Auto Racing, LLC (NASCAR) is an American auto racing sanctioning and operating company that is best known for stock car racing. It is considered to be one of the top ranked motorsports organizations in ...

and World Endurance Championship) * 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. - Sold to

DaimlerChrysler AG Mercedes-Benz Group AG (formerly Daimler-Benz, DaimlerChrysler, and Daimler) is a Germany, German Multinational corporation, multinational Automotive industry, automotive company headquartered in Stuttgart, Baden-Württemberg, Germany. It is o ...

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 Kmart ( ), formerly legally registered as Kmart Corporation, now operated by Transformco, is a department-store chain and online retailer in the United States and Territories of the United States, its territories. It operates four remaining Kma ...

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. * Truck-Lite (transportation component manufacturing) - Penske purchased the company in 1997 and sold majority share in 2015.

References

External links

* {{Authority control Companies based in Oakland County, Michigan Bloomfield Hills, Michigan Transport companies established in 1969 1969 establishments in Michigan Trucking companies of the United States Transportation companies based in Michigan Team Penske Family-owned companies of the United States