Penske Corporation

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Penske Corporation
FounderRoger Penske
HeadquartersBloomfield Township, Michigan, U.S.
Key people
Roger Penske (Chairman)
Rob Kurnick (President)
ProductsAuto Racing, Truck Leasing, Retail, Logistics
Number of employees

Penske Corporation /pɛ is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is chairman of the privately held company, and Rob Kurnick is president.




  • 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.[3][4] Sold to DaimlerChrysler AG in 2000.[5]
  • Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995[6][7] until 2002.[8][9]
  • VM Motori S.p.A.[10] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.[11]


  1. ^ "Penske named Presidential Medal of Freedom recipient".
  2. ^ "Penske confirms 2015 V8 Supercar entry". Speedcafe. September 15, 2014.
  3. ^ Levin, Doron (May 25, 1989). "Penske Wins Big at Detroit Diesel". The New York Times. Retrieved October 3, 2013.
  4. ^ "People: Roger Penske...This Guy Should Run GM". Motor Trend. Retrieved October 3, 2013.
  5. ^ "Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler". The Auto Channel. July 20, 2000. Retrieved October 3, 2013.
  6. ^ "Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $112 million. Company to focus on retailing". Los Angeles Times. September 26, 1995.
  7. ^ Buck, Genevieve (September 26, 1995). "Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail". Chicago Tribune.
  8. ^ "Penske Auto Centers close for good". United Press International. April 9, 2002.
  9. ^ Hays, Constance L. (April 9, 2002). "Kmart and Penske Told to End Dispute Over Closing of Auto Centers". New York Times.
  10. ^ Sutton, Mike (July 16, 2007). "GM, Penske Partner in VM Motori Stake". Ward's. Retrieved October 3, 2013.
  11. ^ Ganz, Andrew (February 15, 2011). "Fiat to split VM Motori with GM after buying Penske's 50% share". LeftlaneNews. Retrieved October 3, 2013.

External links[edit]

Official website