Penske Company Description
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.
View the Comprehensive Company Description for Penske
The Company Description provides a historical perspective of Penske's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Penske's evolution in the marketplace.
