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Overview
The Penske Automotive Group is a diversified transportation services company that operates retail automotive, truck leasing, and car rental businesses. The company was founded in 1990 by Roger Penske, a former race car driver and businessman. The company is headquartered in Bloomfield Hills, Michigan and has operations in the United States, Canada, and Western Europe. The Penske Automotive Group operates over 300 retail automotive franchises, representing 40 different brands, including Audi, BMW, Ferrari, Porsche, and Mercedes-Benz. It is one of the largest automotive retailers in the world, with over $22 billion in annual revenue. In addition to its retail automotive business, the company also operates Penske Truck Leasing, a leading provider of truck leasing and rental services. It has a fleet of over 350,000 trucks, serving customers in North America, South America, Europe, and Asia. The company also has a significant presence in the car rental industry through its subsidiary, Penske Truck Rental. It operates a fleet of over 50,000 rental vehicles, serving both commercial and consumer customers. The Penske Automotive Group is committed to sustainable and responsible business practices and has been recognized for its efforts in this area. It has received numerous awards and recognitions for its environmental and community initiatives, including being named one of the 100 Best Corporate Citizens in 2019 by Corporate Responsibility Magazine. The company also has a strong commitment to diversity and inclusion, with a focus on promoting a diverse workforce and supporting minority-owned businesses. It has been recognized for its efforts in this area, including being named a Top Corporation for Women's Business Enterprises by the Women's Business Enterprise National Council. Overall, the Penske Automotive Group is a successful and reputable company with a strong presence in the automotive and transportation industries. Its commitment to responsible and sustainable practices, along with its focus on diversity and inclusion, make it a leader in the industry.
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