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| type = [[Privately held company|Private]]
| type = [[Privately held company|Private]]
| foundation = {{Start date and age|1969}}
| foundation = {{Start date and age|1969}}
| founder =
| founder = [[Roger Penske]]
| key_people = Roger Penske (Chairman)<br/>Rob Kurnick (President)
| key_people = Roger Penske (Chairman)<br/>Brian Hard (President)
| location = [[Bloomfield Township, Oakland County, Michigan|Bloomfield Township, Michigan]], U.S.
| location = [[Bloomfield Township, Oakland County, Michigan|Bloomfield Township, Michigan]], U.S.
| num_employees = ~5,000<ref>{{Cite web|url=https://www.indycar.com/News/2019/06/06-20-Roger-Penske-Presidential-Medal-of-Freedom|title=Penske named Presidential Medal of Freedom recipient|website=IndyCar.com}}</ref>
| num_employees = ~65,000<ref>{{Cite web|url=https://www.indycar.com/News/2019/06/06-20-Roger-Penske-Presidential-Medal-of-Freedom|title=Penske named Presidential Medal of Freedom recipient|website=IndyCar.com|access-date=2019-07-02|archive-date=2021-01-13|archive-url=https://web.archive.org/web/20210113160300/https://www.indycar.com/News/2019/06/06-20-Roger-Penske-Presidential-Medal-of-Freedom|url-status=live}}</ref>
| industry = [[Transport]]ation
| industry = [[Transport]]ation
| products = Auto Racing, Truck Leasing, Retail, Logistics
| products = Auto Racing, Truck Leasing, Retail, Logistics
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}}
}}


'''Penske Corporation, Inc.''' ({{IPAc-en|p|ɛ|n|.|s|k|iː}}) is an American diversified transportation services company based in [[Bloomfield Township, Oakland County, Michigan]]. [[Roger Penske]] is the chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, [[transportation]], logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.<ref>{{cite web | url=https://www.penske.com/about-us/ | title=About Us }}</ref>
'''Penske Corporation, Inc.''' ({{IPAc-en|p|ɛ|n|.|s|k|iː}}) is an American diversified transportation services company based in [[Bloomfield Township, Oakland County, Michigan]]. [[Roger Penske]] is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, [[transportation]], logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.<ref>{{cite web | url=https://www.penske.com/about-us/ | title=About Us | access-date=2023-04-08 | archive-date=2023-04-08 | archive-url=https://web.archive.org/web/20230408232218/https://www.penske.com/about-us/ | url-status=live }}</ref>


==Holdings==
==Holdings==
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* DAVCO Technology (transportation component manufacturing)
* DAVCO Technology (transportation component manufacturing)
* [[Ilmor|Ilmor Engineering]] (high performance motorsport engines)
* [[Ilmor|Ilmor Engineering]] (high performance motorsport engines)
* [[Penske Automotive Group]] (PAG:[[New York Stock Exchange|NYSE]] – a 40+% stake)
* [[Penske Automotive Group]] (a 40+% stake)
* Penske Entertainment Corporation; parent company of:
* Penske Entertainment Corporation, parent company of:
⚫
**IMS, LLC (Operators of the race track)
⚫
**[[IMS Pro|IMS Productions, Inc.]] (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities)
⚫
**[[Indianapolis Motor Speedway]] (2.5-mile [[race track]] in [[Speedway, Indiana]])
**[[IndyCar|INDYCAR, LLC]] ([[Motorsports]] [[Sports governing body|sanctioning body]]; parent company of the [[IndyCar Series]])
**[[IndyCar|INDYCAR, LLC]] ([[Motorsports]] [[Sports governing body|sanctioning body]]; parent company of the [[IndyCar Series]])
⚫
**[[Indianapolis Motor Speedway]] (2.5-mile [[race track]] in [[Speedway, Indiana]])
⚫
**IMS, LLC (Operators of the race track)
⚫
**IMS Productions, Inc. (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities)
**[[Grand Prix of Long Beach|Grand Prix Association of Long Beach]] (Runs and organizes the Grand Prix of Long Beach in [[Downtown Long Beach|downtown]] [[Long Beach, California]].
* Penske Logistics (supply chain management and logistics service)
* Penske Logistics (supply chain management and logistics service)
* [[Penske Motor Group]] (retail automotive in California and Texas)
* [[Penske Motor Group]] (retail automotive in California and Texas)
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* [[Penske Truck Leasing]] (joint venture with Penske Corp. and Mitsui & Co., Ltd)
* [[Penske Truck Leasing]] (joint venture with Penske Corp. and Mitsui & Co., Ltd)
* Penske Truck Rental (truck rental services)
* Penske Truck Rental (truck rental services)
* [[Team Penske]] ([[IndyCar Series|IndyCar]] and [[NASCAR]])
* [[Team Penske]] (Motorsports team that enters teams in the [[IndyCar Series]], [[IMSA SportsCar Championship]], [[NASCAR]] and [[FIA World Endurance Championship|World Endurance Championship]])
* Truck-Lite (transportation component manufacturing)
* Truck-Lite (transportation component manufacturing)
* Carshop (certified used vehicle dealer)
* Carshop (certified used vehicle dealer)
* [[DS Penske]] ([[Formula E]] team owned in partnership with [[DS Automobiles]])


===Former===
===Former===
* [[Detroit Diesel]] – A former GM subsidiary, Penske purchased a portion of the company in 1988 and, together with General Motors, spun the company off into a separate company.<ref>{{cite news|last=Levin|first=Doron|url=https://www.nytimes.com/1989/05/25/business/penske-wins-big-at-detroit-diesel.html|title=Penske Wins Big at Detroit Diesel|newspaper=[[The New York Times]]|date=May 25, 1989|access-date=October 3, 2013}}</ref><ref>{{cite web|url=http://www.motortrend.com/features/112_0508_roger_penske/viewall.html|title=People: Roger Penske...This Guy Should Run GM|work=[[Motor Trend]]|access-date=October 3, 2013|archive-date=October 5, 2013|archive-url=https://web.archive.org/web/20131005033634/http://www.motortrend.com/features/112_0508_roger_penske/viewall.html|url-status=dead}}</ref> Sold to [[Daimler AG|DaimlerChrysler AG]] in 2000.<ref>{{cite web|url=http://www.theautochannel.com/news/2000/07/20/005040.html|title=Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler|work=The Auto Channel|date=July 20, 2000|access-date=October 3, 2013}}</ref>
* [[Detroit Diesel]] – A former GM subsidiary, Penske purchased a portion of the company in 1988 and, together with General Motors, spun the company off into a separate company.<ref>{{cite news|last=Levin|first=Doron|url=https://www.nytimes.com/1989/05/25/business/penske-wins-big-at-detroit-diesel.html|title=Penske Wins Big at Detroit Diesel|newspaper=[[The New York Times]]|date=May 25, 1989|access-date=October 3, 2013|archive-date=October 5, 2013|archive-url=https://web.archive.org/web/20131005023047/http://www.nytimes.com/1989/05/25/business/penske-wins-big-at-detroit-diesel.html|url-status=live}}</ref><ref>{{cite web|url=http://www.motortrend.com/features/112_0508_roger_penske/viewall.html|title=People: Roger Penske...This Guy Should Run GM|work=[[Motor Trend]]|access-date=October 3, 2013|archive-date=October 5, 2013|archive-url=https://web.archive.org/web/20131005033634/http://www.motortrend.com/features/112_0508_roger_penske/viewall.html|url-status=dead}}</ref> Sold to [[Daimler AG|DaimlerChrysler AG]] in 2000.<ref>{{cite web|url=http://www.theautochannel.com/news/2000/07/20/005040.html|title=Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler|work=The Auto Channel|date=July 20, 2000|access-date=October 3, 2013|archive-date=May 31, 2019|archive-url=https://web.archive.org/web/20190531190042/https://www.theautochannel.com/news/2000/07/20/005040.html|url-status=live}}</ref>
* [[Dick Johnson Racing|DJR Team Penske]] (51% stake) (Australian [[V8 Supercars]] team)<ref>{{cite news|url=http://www.speedcafe.com/2014/09/15/penske-confirms-2015-v8-supercars-entry/|title=Penske confirms 2015 V8 Supercar entry|work=Speedcafe|date=September 15, 2014}}</ref> sold in 2020<ref>[https://autoaction.com.au/2020/10/24/penske-finalises-exit-from-supercars-djr-reborn Penske finalises exit from Supercars, DJR reborn] ''[[Auto Action]]'' October 24, 2020</ref>
* [[Dick Johnson Racing|DJR Team Penske]] (51% stake) (Australian [[V8 Supercars]] team)<ref>{{cite news|url=http://www.speedcafe.com/2014/09/15/penske-confirms-2015-v8-supercars-entry/|title=Penske confirms 2015 V8 Supercar entry|work=Speedcafe|date=September 15, 2014|access-date=September 15, 2014|archive-date=January 15, 2021|archive-url=https://web.archive.org/web/20210115101113/https://www.speedcafe.com/2014/09/15/penske-confirms-2015-v8-supercars-entry/|url-status=live}}</ref> sold in 2020<ref>[https://autoaction.com.au/2020/10/24/penske-finalises-exit-from-supercars-djr-reborn Penske finalises exit from Supercars, DJR reborn] {{Webarchive|url=https://web.archive.org/web/20201101032059/https://autoaction.com.au/2020/10/24/penske-finalises-exit-from-supercars-djr-reborn |date=2020-11-01 }} ''[[Auto Action]]'' October 24, 2020</ref>
* {{anchor|Penske Auto Centers}}Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected [[Kmart (United States)|Kmart]] stores from 1995<ref name="lat-1995sep26">{{cite news |url=http://articles.latimes.com/1995-09-26/business/fi-50224_1_auto-service-centers |title=Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $112 million. Company to focus on retailing. |newspaper=[[Los Angeles Times]] |date=September 26, 1995 |author=<!--Staff writer(s); no by-line.-->}}</ref><ref name="ct-1995sep26">{{cite news |url=http://articles.chicagotribune.com/1995-09-26/business/9509260154_1_kmart-penske-auto-center-penske-corp |title=Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail |newspaper=[[Chicago Tribune]] |date=September 26, 1995 |first=Genevieve |last=Buck}}</ref> until 2002.<ref name="upi-2002apr09">{{cite news |url=https://www.upi.com/Penske-Auto-Centers-close-for-good/51201018375441/ |title=Penske Auto Centers close for good |newspaper=[[United Press International]] |date=April 9, 2002 |author=<!--Staff writer(s); no by-line.-->}}</ref><ref name="nyt-2002apr09">{{cite news |url=https://www.nytimes.com/2002/04/09/business/kmart-and-penske-told-to-end-dispute-over-closing-of-auto-centers.html?pagewanted=all |title=Kmart and Penske Told to End Dispute Over Closing of Auto Centers |newspaper=[[New York Times]] |date=April 9, 2002 |first=Constance L. |last=Hays}}</ref>
* {{anchor|Penske Auto Centers}}Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected [[Kmart (United States)|Kmart]] stores from 1995<ref name="lat-1995sep26">{{cite news |url=https://www.latimes.com/archives/la-xpm-1995-09-26-fi-50224-story.html |title=Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $112 million. Company to focus on retailing. |newspaper=[[Los Angeles Times]] |date=September 26, 1995 |author=<!--Staff writer(s); no by-line.--> |access-date=2018-01-23 |archive-date=2015-12-10 |archive-url=https://web.archive.org/web/20151210072631/http://articles.latimes.com/1995-09-26/business/fi-50224_1_auto-service-centers |url-status=live }}</ref><ref name="ct-1995sep26">{{cite news |url=https://www.chicagotribune.com/1995/09/26/kmart-to-sell-automotive-service-chain/ |title=Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail |newspaper=[[Chicago Tribune]] |date=September 26, 1995 |first=Genevieve |last=Buck |access-date=2018-01-23 |archive-date=2018-01-24 |archive-url=https://web.archive.org/web/20180124013516/http://articles.chicagotribune.com/1995-09-26/business/9509260154_1_kmart-penske-auto-center-penske-corp |url-status=live }}</ref> until 2002.<ref name="upi-2002apr09">{{cite news |url=https://www.upi.com/Penske-Auto-Centers-close-for-good/51201018375441/ |title=Penske Auto Centers close for good |newspaper=[[United Press International]] |date=April 9, 2002 |author=<!--Staff writer(s); no by-line.--> |access-date=January 23, 2018 |archive-date=January 23, 2018 |archive-url=https://web.archive.org/web/20180123190608/https://www.upi.com/Penske-Auto-Centers-close-for-good/51201018375441/ |url-status=live }}</ref><ref name="nyt-2002apr09">{{cite news |url=https://www.nytimes.com/2002/04/09/business/kmart-and-penske-told-to-end-dispute-over-closing-of-auto-centers.html?pagewanted=all |title=Kmart and Penske Told to End Dispute Over Closing of Auto Centers |newspaper=[[New York Times]] |date=April 9, 2002 |first=Constance L. |last=Hays |access-date=January 23, 2018 |archive-date=January 24, 2018 |archive-url=https://web.archive.org/web/20180124005808/http://www.nytimes.com/2002/04/09/business/kmart-and-penske-told-to-end-dispute-over-closing-of-auto-centers.html?pagewanted=all |url-status=live }}</ref>
* [[VM Motori|VM Motori S.p.A.]]<ref>{{cite web|last=Sutton|first=Mike|url=http://wardsauto.com/news-amp-analysis/gm-penske-partner-vm-motori-stake|title=GM, Penske Partner in VM Motori Stake|publisher=[[Ward's]]|date=July 16, 2007|access-date=October 3, 2013|archive-date=October 4, 2013|archive-url=https://web.archive.org/web/20131004232702/http://wardsauto.com/news-amp-analysis/gm-penske-partner-vm-motori-stake|url-status=dead}}</ref> – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to [[Fiat S.p.A.]] in February 2011, and the remainder sold to Fiat in 2013.<ref>{{cite web|last=Ganz|first=Andrew|url=http://www.leftlanenews.com/fiat-to-split-vm-motori-with-gm-after-buying-penskes-50-share.html|title=Fiat to split VM Motori with GM after buying Penske's 50% share|publisher=LeftlaneNews|date=February 15, 2011|access-date=October 3, 2013|archive-date=October 4, 2013|archive-url=https://web.archive.org/web/20131004230653/http://www.leftlanenews.com/fiat-to-split-vm-motori-with-gm-after-buying-penskes-50-share.html|url-status=dead}}</ref>
* [[VM Motori|VM Motori S.p.A.]]<ref>{{cite web|last=Sutton|first=Mike|url=http://wardsauto.com/news-amp-analysis/gm-penske-partner-vm-motori-stake|title=GM, Penske Partner in VM Motori Stake|publisher=[[Ward's]]|date=July 16, 2007|access-date=October 3, 2013|archive-date=October 4, 2013|archive-url=https://web.archive.org/web/20131004232702/http://wardsauto.com/news-amp-analysis/gm-penske-partner-vm-motori-stake|url-status=dead}}</ref> – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to [[Fiat S.p.A.]] in February 2011, and the remainder sold to Fiat in 2013.<ref>{{cite web|last=Ganz|first=Andrew|url=http://www.leftlanenews.com/fiat-to-split-vm-motori-with-gm-after-buying-penskes-50-share.html|title=Fiat to split VM Motori with GM after buying Penske's 50% share|publisher=LeftlaneNews|date=February 15, 2011|access-date=October 3, 2013|archive-date=October 4, 2013|archive-url=https://web.archive.org/web/20131004230653/http://www.leftlanenews.com/fiat-to-split-vm-motori-with-gm-after-buying-penskes-50-share.html|url-status=dead}}</ref>


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[[Category:Transportation companies based in Michigan]]
[[Category:Transportation companies based in Michigan]]
[[Category:Team Penske]]
[[Category:Team Penske]]
[[Category:Family-owned companies of the United States]]

Latest revision as of 20:22, 14 November 2024

Not to be confused with Penske Media Corporation.
"Penske" redirects here. For other uses, see Penske (disambiguation).
Penske Corporation
Company typePrivate
IndustryTransportation
Founded1969; 55 years ago (1969)
FounderRoger Penske
HeadquartersBloomfield Township, Michigan, U.S.
Key people
Roger Penske (Chairman)
Brian Hard (President)
ProductsAuto Racing, Truck Leasing, Retail, Logistics
Number of employees
~65,000[1]
Websitewww.penske.com

Penske Corporation, Inc. (/pɛn.skiː/) is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.[2]

Holdings

[edit]

Current

[edit]

Former

[edit]

References

[edit]
  1. ^ "Penske named Presidential Medal of Freedom recipient". IndyCar.com. Archived from the original on 2021-01-13. Retrieved 2019-07-02.
  2. ^ "About Us". Archived from the original on 2023-04-08. Retrieved 2023-04-08.
  3. ^ Levin, Doron (May 25, 1989). "Penske Wins Big at Detroit Diesel". The New York Times. Archived from the original on October 5, 2013. Retrieved October 3, 2013.
  4. ^ "People: Roger Penske...This Guy Should Run GM". Motor Trend. Archived from the original on October 5, 2013. Retrieved October 3, 2013.
  5. ^ "Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler". The Auto Channel. July 20, 2000. Archived from the original on May 31, 2019. Retrieved October 3, 2013.
  6. ^ "Penske confirms 2015 V8 Supercar entry". Speedcafe. September 15, 2014. Archived from the original on January 15, 2021. Retrieved September 15, 2014.
  7. ^ Penske finalises exit from Supercars, DJR reborn Archived 2020-11-01 at the Wayback Machine Auto Action October 24, 2020
  8. ^ "Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $112 million. Company to focus on retailing". Los Angeles Times. September 26, 1995. Archived from the original on 2015-12-10. Retrieved 2018-01-23.
  9. ^ Buck, Genevieve (September 26, 1995). "Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail". Chicago Tribune. Archived from the original on 2018-01-24. Retrieved 2018-01-23.
  10. ^ "Penske Auto Centers close for good". United Press International. April 9, 2002. Archived from the original on January 23, 2018. Retrieved January 23, 2018.
  11. ^ Hays, Constance L. (April 9, 2002). "Kmart and Penske Told to End Dispute Over Closing of Auto Centers". New York Times. Archived from the original on January 24, 2018. Retrieved January 23, 2018.
  12. ^ Sutton, Mike (July 16, 2007). "GM, Penske Partner in VM Motori Stake". Ward's. Archived from the original on October 4, 2013. Retrieved October 3, 2013.
  13. ^ Ganz, Andrew (February 15, 2011). "Fiat to split VM Motori with GM after buying Penske's 50% share". LeftlaneNews. Archived from the original on October 4, 2013. Retrieved October 3, 2013.
[edit]
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