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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 Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 [8] [9] until 2002. [ 10 ] [ 11 ] VM Motori S.p.A. [ 12 ] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.
A Penske car driven by Timo Bernhard, Romain Dumas, and Emmanuel Collard, secured the overall victory at the 2008 12 Hours of Sebring, winning it on the 20th anniversary of Porsche's last overall win at the race. [12] Penske had another outright victory at the Utah Grand Prix and also recorded an additional three class wins. At Petit Le Mans a ...
The No. 5 Penske-entered Porsche 963 competing at the 2023 24 Hours of Le Mans. In May 2021 Porsche announced its return to FIA World Endurance Championship new category LMDh with Penske running their factory team. [23] [24] They announced their return to both WEC and IMSA for 2023 season running two new Porsche 963 in each competition. [25]
Penske Motor Group's flagship dealership is Longo Toyota in El Monte, California, the largest car dealership in the world at over 50 acres (200,000 m 2). [1] In addition to Toyota sales and service facilities, the El Monte dealership campus also includes a Starbucks , Subway restaurant, Verizon Wireless store, Enterprise Rent-A-Car agency, and ...
Filipe Nasr crosses the finish line in a Porsche 963 for the Porsche Penske Motorsport team to win the Rolex 24 hour auto race at Daytona International Speedway, Sunday, Jan. 28, 2024, in Daytona ...
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Porsche Penske Motorsport's No. 6 car battled for the win. Through a better pit-stop strategy, the No. 6 Porsche overtook the No. 31 Cadillac and the No. 60 Acura and rejoined in second with 40 minutes remaining. [45] [46] Jaminet overtook Connor De Phillippi in the final minutes before the race ended behind the safety car. [47]