Penske

Penske is an American family of businesses owned by Roger Penske, a former racing driver who built a diversified portfolio around transportation services, automotive retail, and motorsports. The Penske organization operates internationally with a focus on service, efficiency, and performance.

The principal divisions include Penske Truck Leasing, a global fleet-management and rental company; Penske Logistics, which provides supply-chain management, warehousing, and freight services; and Penske Automotive Group, an automotive retailer with dealerships in North America, Europe, and Asia. Penske Automotive Group is publicly traded on the New York Stock Exchange under the ticker PAG.

Penske Entertainment Corp., established to manage the group’s motorsport and related entertainment assets, oversees properties such as the Indianapolis Motor Speedway and the IndyCar Series, which were acquired to expand Penske’s involvement in motorsports and event management.

History and scope: Roger Penske began with a successful racing career and racing team operations before expanding into broader business ventures in the 1960s and subsequent decades. The company grew through growth and acquisitions across transportation services and automotive retail, and later formed specialized entities to manage its expanding interests in entertainment and motorsports.

Global footprint: Penske operates across North America, Europe, and Asia, employing a large and diverse workforce in its trucking, logistics, automotive dealership, and event-management operations. The overall Penske organization is characterized by a strategy of combining high-performance vehicles and services with a broad, integrated logistics and retail network.