Penske Corporation

Bloomfield Hills, MI United States

 

Company Description

Penske, headed by race-car legend Roger Penske, appears to be on the right track as a diversified transportation firm. Penske is a partner with GE Equipment Management in Penske Truck Leasing, a commercial truck rental operation with more than 200,000 vehicles at some 1,000 locations. Penske owns about a third of publicly traded auto dealer Penske Automotive Group (formerly United Auto Group), which runs 300-plus franchised dealerships in some 20 states, Germany, Puerto Rico, and the UK. Through Penske Motor it sells cars in California. Truck-Lite makes safety lights for boats, buses, cars, commercial trucks, construction equipment, and recreational vehicles. Roger Penske is the majority owner of the company.