Penske Corporation - Company Profile
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Penske Corporation (Penske) is an on-highway and transportation service company. Through its subsidiaries and affiliates, it manages businesses in diversified sectors such as retail automotive, truck leasing, transportation logistics, and professional motorsports. The company also produces motorsport engines for racing; and turn signal switches, safety lighting, forward lighting, mirrors, wiring harnesses, and safety accessories for the heavy-duty truck, trailer and commercial vehicle industries. Penske also participates in professional sports events. It serves customers across North America, South America, Europe and Asia. The company has manufacturing facilities in the US, the UK, Mexico and Germany. Penske is headquartered in Bloomfield Hills, Michigan, the US.
Headquarters
United States of America
Address
2555 Telegraph Road, Bloomfield Hills, Michigan, 48302
Website
www.penske.com
Telephone
1 844 847 9577
No of Employees
70,000
Industry
Automotive
Products and Services
| Products | Services |
|---|---|
| Motorsport Engines | Automotive Sales and Services |
| Marine Engines | Truck Leasing |
| Safety Lighting | Supply Chain and Logistics Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | New Products/Services | In August, Penske Australia and MAN Truck & Bus announced to introduce the all-new MAN truck generation (TG) to the Australian market. |
| 2022 | Contracts/Agreements | In February, the company acquired Team Truck centres in ontario, Canada. |
| 2020 | Corporate Changes/Expansions | In January, Penske Truck Leasing opened a new facility in Dundee, Scotland. |
Competitor Comparison
| Key Parameters | Penske Corporation | Lithia Motors Inc | AutoNation Inc | Group 1 Automotive Inc | Asbury Automotive Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Bloomfield Hills | Medford | Fort Lauderdale | Houston | Duluth |
| State/Province | Michigan | Oregon | Florida | Texas | Georgia |
| No. of Employees | 70,000 | 21,875 | 23,600 | 15,491 | 13,000 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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