Penske Corporation, Inc. () 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
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 ...
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
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 (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
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 ...
,
IMSA SportsCar Championship,
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 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 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