Penske Corporation · Bloomfield Hills, MI United States
Company Description
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This link will open in a new window 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 about 200,000 vehicles at some 1,000 locations. Penske owns about 40% of publicly traded auto dealer Penske Automotive Group (formerly United Auto Group), which runs 310 franchised dealerships in some 20 states, Germany, Puerto Rico, and the UK. Through Penske Motor the company 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. To read the full description, subscribe now.
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Key Penske Corporation Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 36,000 |
Penske Corporation Executives
19 executives listed for Penske Corporation's Bloomfield Hills, MI location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Roger Penske | |
| President and Director; Vice Chairman and President, Penske Automotive Group | Robert Kurnick | |
| EVP and CFO | J. Patrick Conroy |
Competition
Competitive Landscape for Penske Corporation
Demand for auto parts is driven by new car sales, which are strongly affected by interest rates, and by the replacement market. Company profitability industry depends partly on the difficulty of manufacturing products and partly on demand volume, since many costs are fixed. Small companies can compete successfully by focusing on a small number of products or some highly technical ones. The structure of the industry is complex, with most smaller companies (referred to as "tier 2" and "tier 3" suppliers) selling parts to larger suppliers (referred to as "tier 1" suppliers), who in turn sell component assemblies or modules to car and truck assemblers such as GM and Ford - collectively called OEMs. To read the full description, subscribe now.Top Penske Corporation Competitors
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