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October 06, 2015 11:11 PM ET

Specialty Retail

Company Overview of Penske Corporation

Company Overview

Penske Corporation provides transportation services. The company operates in retail automotive dealerships, car rental franchises, and commercial vehicle distribution in the United States, Western Europe, Australia, and New Zealand; operating newest and diverse truck rental fleets in North America; and selling used truck and equipment. The company also provides leasing, contract maintenance, and truck rentals for businesses and consumers; supply chain management and logistics solutions, such as dedicated contract carriage, distribution center management, transportation management, lead logistics, and supply chain consulting to shippers worldwide; and racing services. In addition, it manufact...

2555 Telegraph Road

Bloomfield Hills, MI 48302

United States

Founded in 1969





Key Executives for Penske Corporation

Founder, Chairman and Chief Executive Officer
Age: 78
President and Director
Age: 53
Chief Financial Officer and Executive Vice President
Vice President of Finance
Compensation as of Fiscal Year 2015.

Penske Corporation Key Developments

Penske Reportedly Explores Sale Of Truck-Lite

Penske Corporation is exploring a sale of Truck-Lite Co., LLC, in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, according to people familiar with the matter. Penske, controlled by billionaire Roger Penske, owner of the eponymous racing team, has hired investment bank Robert W. Baird & Co to run an auction for Truck-Lite, the people said this week. The sources asked not to be identified because the sale process is confidential. Representatives for Penske, Truck-Lite and Robert W. Baird did not respond to requests for comment.

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