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, Michigan, Oakland County in the U.S. state of Michigan. As of the 2010 United States Census, 2010 census, the township population was 41,0 ...

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 of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...

– 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 (2.5-mile

race track A race track (racetrack, racing track or racing circuit) is a facility built for racing of vehicles, athletes, or animals (e.g. horse racing or greyhound racing). A race track also may feature grandstands or concourses. Race tracks are also use ...

Speedway, Indiana Speedway is a town in Wayne Township, Marion County, Indiana, United States. The population was 11,812 at the 2010 U.S. Census. Speedway, which is an enclave of Indianapolis, is the home of the Indianapolis Motor Speedway. History Speedway was ...

) ** INDYCAR, LLC ( Motorsports

sanctioning body A governing body is a group of people that has the authority to exercise governance over an organization or political entity. The most formal is a government, a body whose sole responsibility and authority is to make binding decisions in a taken g ...

; parent company of the

IndyCar Series The IndyCar Series, currently known as the NTT IndyCar Series under sponsorship, is the highest class of regional North American open-wheel single-seater formula racing cars in the United States, which has been conducted under the auspices o ...

) * 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 ...

(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 s ...

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

Team Penske Team Penske (formerly Penske Racing) is an American professional auto racing organization, competing in the IndyCar Series, NTT IndyCar Series, NASCAR Cup Series, and the FIA World Endurance Championship. Debuting at the 1966 24 Hours of Daytona ...

( IndyCar 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 ...

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

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. Sold to

DaimlerChrysler AG The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacture ...

in 2000. *

DJR Team Penske Dick Johnson Racing (formerly DJR Team Penske), is Australia's oldest motor racing team competing in the Supercars Championship. The team currently fields the #11 and #17 Ford Mustang GTs for Anton de Pasquale and Will Davison respectiv ...

(51% stake) (Australian

V8 Supercars The Supercars Championship is a touring car racing category in Australia, running as an International Series under Fédération Internationale de l'Automobile (FIA) regulations, governing the sport. Supercars events take place in all Australian ...

team) sold in 2020 * Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected

Kmart Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American retail company that owns a chain of big box department stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was inc ...

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. 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