Penske Corporation, Inc. (/pɛn.skiː/) is an American diversified transportation services company based inBloomfield Township, Oakland County, Michigan.Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing,transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.[2]
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.[7][8] - Sold toDaimlerChrysler AG in 2000.[9]
Penske Auto Centers – A former subsidiary that had operated auto repair centers within selectedKmart stores from 1995[12][13] until 2002.[14][15]
VM Motori S.p.A.[16] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold toFiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.[17]
Truck-Lite (transportation component manufacturing) - Penske purchased the company in 1997 and sold majority share in 2015.[18]
