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
MorePenske 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:
Team Penske (Motorsports team)
Penske Motor Group (retail automotive in California only)
Companies in which Penske Corporation owns a stake and performs a controlling role:
Penske Truck Leasing (joint venture between Penske Corp. and GE)
Penske Logistics (Supply chain management and logistics service, a subsidiary of Penske Truck Leasing)
Penske Automotive Group (PAG:NYSE – a 40+% stake)
Truck-Lite, and Davco (transportation component manufacturing)
DJR Team Penske (Australian V8 Supercars team)
Subject ID: 10862
Subject ID: 10862