Roger S. Penske is the founder and chairman of Penske Corporation, a closelyheld diversified transportation services company whose subsidiaries operate in a variety of segments, including retail automotive, truck leasing, transportation logistics, transportation component manufacturing and high performance racing. Penske Corporation manages businesses with revenues in excess of $18 billion, operates in more than 1,700 locations and employs 40,000 people worldwide.
Penske Automotive Group, Inc. (NYSE:PAG) operates over 300 retail automotive franchises, representing 40 different brands and 26 collision repair centers. Penske Automotive Group, Inc., which sells new and previously-owned vehicles, finance and insurance products and replacement parts, offers maintenance and repair services on all brands it represents. Penske Automotive Group, Inc. is a member of the Fortune 500 and Russell 1000 and has 16,000 employees.
Penske Motor Group, Inc. is a privately-held specialty retailer operating seven automobile dealerships in the California market. The group retails Toyota, Lexus, Honda and Mercedes-Benz vehicles. Longo Toyota, located in El Monte, California, is the largest Toyota dealership in the United States, selling 25,000 new and used vehicles per year.
Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include fullservice truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management and
supply chain management solutions.
Penske Corporation also owns several transportation-related manufacturing businesses. Truck-Lite produces lighting products, harness systems, mirrors and accessories primarily for heavy-duty vehicles in the United States and Europe. FER GmbH is a German-based producer of lighting components for the European automotive market. VM Motori, located in Cento, Italy, specializes in the design and production of diesel engines for automotive and industrial applications. Davco Technology produces fuel filters and engine accessories for the North American heavy-duty truck market.
Transportation Resource Partners is a $265 million private equity fund formed by Penske Corporation. The fund seeks to make leveraged control investments in growth-oriented manufacturing and service-related businesses in the transportation industry. The fund capitalizes on strategic relationships, commercial synergies and industry expertise of Penske Corporation and its subsidiaries and affiliates.
Penske Performance, Inc. operations include teams competing in the IndyCar Series, NASCAR Sprint Cup Series, NASCAR Nationwide Series and American Le Mans Series under the Penske Racing banner. In 2008, Penske will also race in the Grand-Am Series, competing in conjuction with Wayne Taylor Racing at the Rolex 24 in Daytona. Penske Racing is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have 295 major race wins, 349 pole positions and 21 National Championships.
Penske Racing, Inc. is the most successful Indy car racing team in history with 134 race wins, 12 National Championships and 170 pole positions. In addition, Penske Racing has won the Indianapolis 500-mile race 14 times including consecutive wins in 2001, 2002 and 2003. The Penske-prepared Honda-powered engines with Dallara chassis are driven by Helio Castroneves and Ryan Briscoe in the Indy Racing League IndyCar Series under the Team Penske banner. Castroneves has 18 career victories, including the Indianapolis 500 in 2001 and 2002. Briscoe is an experienced open-wheel and sports car driver who begins his first season with Team Penske in 2008.
Penske Racing South, Inc. fields three entries in the NASCAR Cup series; the Miller Lite Dodge driven by 2004 NASCAR Cup Champion Kurt Busch, the Alltel Dodge driven by 2002 NASCAR Cup Rookie of the Year Ryan Newman and the Mobil 1 Dodge driven by former IndyCar Series and Indy 500 champion Sam Hornish Jr. Busch has 17 career NASCAR Cup wins and 10 pole positions, while Newman has 12 NASCAR Cup victories and 42 pole positions in his career. After claiming three IndyCar titles, Hornish Jr. makes the transition into full-time NASCAR racing this season.
Penske Motorsports, Inc., a wholly owned subsidiary of Penske Racing, Inc., fields two Porsche RS Spyders exclusively in the American Le Mans Series. The DHL-sponsored cars are driven by sports car veteran teammates Timo Bernhard and Romain Dumas along with Sascha Maassen and Patrick Long. The Penske team captured back-to-back LMP2-class championships in 2006 and 2007 and ended the '07 season with 11 consecutive class victories among its two entries.