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Penske Corporation · Bloomfield Hills, MI United States

Company Description

2555 Telegraph Rd.
Bloomfield Hills, MI
48302
United States (Map)
Phone: 248-648-2000
Fax: 248-648-2525
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    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 TypePrivate

    Headquarters
    Fiscal Year-EndDecember
    Employees36,000

    Penske Corporation Executives

    19 executives listed for Penske Corporation's Bloomfield Hills, MI location.
    TitleName & BioContact
    Chairman and CEORoger PenskeEmail
    President and Director; Vice Chairman and President, Penske Automotive GroupRobert KurnickEmail
    EVP and CFOJ. Patrick ConroyEmail

    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 OEMsTo read the full description, subscribe now.
    Top Penske Corporation Competitors
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