Penske
Penske is a global transportation services company, operating across various sectors including automotive retail, truck leasing, and logistics, with a presence in over 3,200 locations and employing more than 70,000 people worldwide.
Services
Penske offers a wide range of services across different industry segments. Penske Truck Rental provides a fleet of reliable rental trucks with 24-hour roadside assistance. Penske Truck Leasing offers full-service leasing, fleet maintenance, and various transportation solutions. Penske Logistics is recognized for its operational excellence in supply chain and logistics management. Penske Vehicle Services is the largest fleet solutions provider for automotive OEMs in North America. Additionally, Penske Automotive Group is a premier automotive and commercial truck retailer operating primarily in the U.S., U.K., Germany, Italy, and Japan.
History
Penske has grown into a global leader across various industry segments. It commands businesses with consolidated revenues exceeding $39 billion and operates from over 3,200 locations worldwide. Throughout its expansion, Penske has continuously diversified its service offerings, from retail automotive and truck leasing to transportation logistics and professional motorsports. The company's ability to adapt and expand has been a crucial factor in its enduring success.
Global Operations
Penske operates in over 3,200 locations worldwide and employs more than 70,000 people. Its automotive operations are prominent in the United States, the United Kingdom, Germany, Italy, and Japan. Penske Motor Group manages Toyota and Lexus dealerships in California and Texas. The company's global reach and substantial workforce enable it to maintain a robust presence and deliver comprehensive services internationally.
Subsidiaries
Penske manages several wholly-owned subsidiaries that contribute to its vast service offerings. These include Penske Automotive Group, Penske Truck Rental, Penske Truck Leasing, Penske Logistics, and Penske Vehicle Services. Each subsidiary specializes in a specific domain, from retail automotive to fleet solutions, reinforcing Penske’s comprehensive market presence across various industry segments.
Motorsports and Entertainment
Penske has a significant presence in professional motorsports through Team Penske, which has secured over 620 major race wins. Penske Entertainment Corp adds another dimension to the company's portfolio by owning the Indianapolis Motor Speedway and the NTT INDYCAR SERIES. These ventures underline Penske’s diversified interest and influence in both the sports and entertainment industries.