Penske Corporation

Penske Corporation is a Bloomfield Hills, Michigan-based, closely held, diversified transportation services company. Auto racing legend Roger Penske serves as Chairman, and Rob Kurnick as President.

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.

Subject ID: 10862

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Penske Corporation is a Bloomfield Hills, Michigan-based, closely held, diversified transportation services company. Auto racing legend Roger Penske serves as Chairman, and Rob Kurnick as President.

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.

Penske's subsidiaries include (as of Jan 30 2025):    

• Penske Entertainment Corporation
• Penske Motor Group (retail automotive in California and Texas)
• Team Penske (motorsports team)

Companies in which Penske Corporation owns a stake and performs a controlling role (as of Jan 30 2025):

• Carshop (certified used vehicle dealer)
• DAVCO Technology (transportation component manufacturing
• Ilmor Engineering (high performance motorsport engines)
• Penske Automotive Group (PAG:NYSE – a 40+% stake)
• Penske Logistics (supply chain management and logistics service, a subsidiary of Penske Truck Leasing)
• Penske Truck Leasing (joint venture between Penske Corp. and Mitsui & Co., Ltd)
• Truck-Lite (transportation component manufacturing)

Former subsidiaries/holdings:

• Detroit Diesel (sold in 2000)
• DJR Team Penske (Australian V8 Supercars team, sold in 2020)
• Penske Auto Centers (ended in 2002)
• VM Motori S.p.A. (sold in 2013)

Subject ID: 10862

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