FANDOM


Penskelogo

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.

On June 5, 2009, it was announced that Penske would purchase the Saturn brand and its assets from the bankrupt General Motors. On 9/30/2009 Penske announced that it would no longer acquire Saturn from GM due to manufacturing uncertainties.


Penske's subsidiaries include:

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)
  • VM Motori S.p.A. (a 51% stake), Truck-Lite, and Davco (transportation component manufacturing).


Former subsidiaries:

ReferencesEdit

Smallwikipedialogo This page uses some content from Wikipedia. The original article was at Penske Corporation. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia

External linksEdit

Community content is available under CC-BY-SA unless otherwise noted.