Penske Corporation, Inc. () is an American diversified transportation services company based in

Bloomfield Township, Oakland County, Michigan Bloomfield Township, officially the Charter Township of Bloomfield, is a charter township of Oakland County in the U.S. state of Michigan. As of the 2010 census, the township population was 41,070. As a northern suburb of Metro Detroit, Bloomfi ...

Roger Penske Roger Searle Penske (born February 20, 1937) is an American businessman and entrepreneur involved in professional auto racing and a retired professional auto racing driver. He is most famous for his ownership of Team Penske, DJR Team Penske, t ...

is the chairman of the privately held company, and Rob Kurnick is the president.

Holdings

Current

* DAVCO Technology (transportation component manufacturing) *

Ilmor Engineering Ilmor is a British independent high-performance motor racing engineering company. It was founded by Mario Illien and Paul Morgan in November 1983. With manufacturing based in Brixworth, Northamptonshire, and maintenance offices in Plymouth, Mic ...

(high performance motorsport engines) *

Penske Automotive Group Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe ...

(PAG:

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...

– a 40+% stake) * Penske Entertainment Corporation; parent company of: **IMS, LLC (Operators of the race track) ** IMS Productions, Inc. (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities) **

Indianapolis Motor Speedway The Indianapolis Motor Speedway is an automobile racing circuit located in Speedway, Indiana, an enclave suburb of Indianapolis, Indiana. It is the home of the Indianapolis 500 and the Verizon 200, and and formerly the home of the United State ...

(2.5-mile race track in Speedway, Indiana) **

INDYCAR, LLC INDYCAR, LLC, is an American-based auto racing sanctioning body for Indy car racing and other disciplines of open wheel car racing. The organization sanctions five racing series: the premier IndyCar Series with its centerpiece the Indianapolis 5 ...

(

Motorsports Motorsport, motorsports or motor sport is a global term used to encompass the group of competitive sporting events which primarily involve the use of motorized vehicles. The terminology can also be used to describe forms of competition of two ...

sanctioning body; parent company of the IndyCar Series) * Penske Logistics (supply chain management and logistics service) *

Penske Motor Group Penske Motor Group is an El Monte, California, U.S.–based, subsidiary of Penske Corporation, managed by Gregory Penske. The group operates four automobile dealerships in California: Longo Toyota and Longo Lexus in the Greater Los Angeles Area a ...

(retail automotive in California and Texas) * Premier Truck Group (commercial vehicle dealerships) *

Penske Truck Leasing Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. The firm ser ...

(joint venture with Penske Corp. and Mitsui & Co., Ltd) * Penske Truck Rental (truck rental services) * Team Penske (

IndyCar INDYCAR, LLC, is an American-based auto racing sanctioning body for Indy car racing and other disciplines of open wheel car racing. The organization sanctions five racing series: the premier IndyCar Series with its centerpiece the Indianapolis ...

and

NASCAR The National Association for Stock Car Auto Racing, LLC (NASCAR) is an American auto racing sanctioning and operating company that is best known for stock car racing. The privately owned company was founded by Bill France Sr. in 1948, and hi ...

) * Truck-Lite (transportation component manufacturing) * Carshop (certified used vehicle dealer)

Former

Detroit Diesel Detroit Diesel Corporation (DDC) is an American diesel engine manufacturer headquartered in Detroit, Michigan, United States. It is a subsidiary of Daimler Truck North America, which is itself a wholly owned subsidiary of the mulitinational Da ...

– 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. Sold to DaimlerChrysler AG in 2000. * DJR Team Penske (51% stake) (Australian V8 Supercars team) sold in 2020 * Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 until 2002. * VM Motori S.p.A. – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to

Fiat S.p.A. Fiat S.p.A., or ''Fabbrica Italiana Automobili Torino'' (Italian Automobile Factory of Turin), was an Italian holding company whose original and core activities were in the automotive industry, and that was succeeded by Fiat Chrysler Automobi ...

in February 2011, and the remainder sold to Fiat in 2013.

References

External links

* {{Authority control Companies based in Oakland County, Michigan Bloomfield Hills, Michigan Transport companies established in 1969 1969 establishments in Michigan Trucking companies of the United States Transportation companies based in Michigan Team Penske