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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]
Penske Motor Group origins date back to 1985 when Roger Penske acquired Longo Toyota in El Monte. Longo Toyota had been founded in 1967 by Dominic Longo. Roger Penske's son, Greg, joined the dealership in 1988 as new car sales manager and is now Chairman and CEO of the Penske Motor Group division of Penske Corporation.
Penske Corporation, Inc. (/ p ɛ n. s k iː /) is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president.
The No. 2 car's history can be traced back to the late 1970s with M. C. Anderson and Benny Parsons. Bobby Allison drove two and a half seasons for Penske, winning four races for the team with a best standing of 4th. Cale Yarborough drove the 27 Valvoline car in 1981 and 1982 respectively.
The Penske PC-23 was a highly successful CART racing car that competed in the 1994 IndyCar season with Penske Racing, and in the 1995 IndyCar season with Bettenhausen Motorsports. It was designed by Nigel Bennett, [2] who based its design on the 1993 car, the PC-22, which was a radical departure from the basic concept of the previous Penske ...
Former logo used until 2013 Team Penske No. 2 hauler set for parade down Las Vegas Strip – 2015. Team Penske (formerly Penske Racing) is an American professional auto racing organization, competing in the IndyCar Series, NASCAR Cup Series, IMSA SportsCar Championship and FIA World Endurance Championship.
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