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Penske Automotive was founded as United Automotive Group in 1990 by Marshall S. Cogan [2] and later came under the control of Penske Corporation and Roger Penske in May 1999. Several years later, on July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG. [3]
Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally. [2]
Penske Motor Group is an El Monte, California, U.S.–based, subsidiary of Penske Corporation, managed by Gregory Penske. The group operates three automobile dealerships in California : Longo Toyota and Longo Lexus in the Greater Los Angeles Area and Lexus of Stevens Creek in the San Francisco Bay Area .
He on the Board of Directors for Penske Corporation, Penske Automotive Group (Vice-Chairman), Penske Motor Group(Chairman/CEO), Penske Entertainment(Vice-Chairman): owner of the Indianapolis Motor Speedway, NTT IndyCar Series, IMS Productions; Petersen Automotive Museum and Friends of Golf. He is a member of the Toyota Parts and Service ...
Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. Headquartered in Reading, Pennsylvania , the company was founded by Team Penske owner Roger Penske on December 1, 1969.
Penske and Dallara Indy cars on display at the Penske Racing Museum in Scottsdale, Arizona. Opened in 2002, the Penske Racing Museum in Scottsdale, Arizona, is located within a complex of Penske Automotive Group car dealerships at the Scottsdale 101 Auto Collection.