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- Cheap gasoline won't stop Smart.(Penske Corp.'s Roger Penske forecasting about his automobile Smart)
- Byline: Robert Sherefkin The price of gasoline has fallen to the low $1.80s in many areas, but Roger Penske says he can still sell the tiny Smart car. The automotive retailing giant and racing legend looked as if he had a solid...
- Research articles 2007-01-22
- Penske, Thormann are on roster.(Roger Penske )(Dominique Thormann)(Brief article)
- Auto retailer and racing legend Roger Penske will be a dinner speaker at the Automotive News World Congress in January. The chairman of Penske Corp. will speak Wednesday, Jan. 17. Dominique Thormann, senior vice president for administration and finance at Nissan North...
- Research articles 2006-10-16
- Empire building; UnitedAuto Group to become global company.(to acquire Sytner Group PLC)
- UnitedAuto Group is taking a major step toward building a global dealership company with its $155 million deal to acquire Sytner Group PLC, a large, publicly held retailer of luxury automobiles in the United Kingdom. Until now, UnitedAuto Group, a public dealership group based...
- Research articles 2002-02-18
- Penske Corp.(Brief Article)(Statistical Data Included)
- Penske Corp. is a closely held transportation services company with annual sales of more than $10 billion and 34,000 employees. It does not release revenues for individual companies within Penske Corp. With the sale of Detroit Diesel Corp. to DaimlerChrysler AG, total annual revenues will dip...
- Research articles 2000-07-24
- Motorcars sells four stores to auto giant.
- Motorcars Group Inc. has paved the way for the entry into the Ohio market of UnitedAuto Group Inc. of Detroit, a publicly held consolidator of car dealerships that's part of entrepreneur Roger Penske's vast automotive holdings. Lee Seidman, president of Motorcars, said he and...
- Research articles 2000-05-08
- Driven to succeed;Roger Penske's work ethic and attention to detail have helped him to build a $10 billion auto and transportation empire.
- If Michael Jordan - arguably the world's most famous athlete - bought the Chicago Bulls, founded a rival league, launched a basketball manufacturer, revived a struggling network, then added a speculative investment business that snapped up smaller sports-business ventures such as apparel makers and fitness centers,...
- Research articles 2000-01-17
- Leuliette's job at Penske: expand world business. (Tim Leuliette named president and COO of Penske Corp.)
- Tim Leuliette's mission as the new president and COO of Penske Corp. is to firm up the presence of the $4 billion business empire in international markets. He will also handle the day-to-day operations of the 25,000-employee conglomerate. Prior to his appointment at Penske, Leuliette was the president of ITT...
- Research articles 1996-11-11
Additional Resources
- The Dream Team.(Roger Penske of Penske Corp.,Jim Nicholson of PVS Chemicals Inc. appointed for board of directors)
- As outlined on Page 11, Crain's thought that it would be useful, as part of our examination of civic power and leadership, to create a "dream board'' of directors for the region that would bring together longtime local leaders with people who so far have been...
- Research articles 2006-03-20
- 2 auto industry veterans lead light-truck charge at Penske. (interview with Penske Corp.'s Tim Leuliette and Chip McClure)(Interview)
- Penske Corp has appointed Tim Leuliette and Chip McClure to take charge of its plan to move Detroit Diesel into the light-truck engine business. Leuliette claimed that supplying heavy-duty truck engines will still remain as the main business of the company, which holds 30% of the US market share. McClure...
- Research articles 1998-02-02
- Hino, Penske Corp. Ink deal
- Japan's largest truck maker, Hino Motors Ltd., Tokyo, has formed an alliance with Penske Corp. as part of the Japanese truck maker's plan to expand its business in North America. Under the agreement signed May 24 in Japan, PCP Holdings Inc., a sister company to Penske Truck Leasing Co., will...
- Research articles 2003-07-01
- Hino Motors Forms Alliance With Penske Corp.
- Japans largest truck maker, Hino Motors Ltd. of Tokyo, said it has formed an alliance with a sister company to Penske Truck Leasing Co., as part of the Japanese truck maker's plan to expand its business in North America.PCP Holdings Inc., a Penske Corp. subsidiary, will buy 25% of Hino...
- Research articles 2003-06-09
- UnitedAuto Group takes Penske name.(Final assembly)(Penske Automotive Group Inc. )(Brief article)
- Say goodbye to UnitedAuto Group Inc. The public dealership group based in suburban Detroit is now Penske Automotive Group Inc. - as in CEO Roger Penske. Shareholders approved the new name at the company's annual meeting. The board of directors proposed the change because...
- Research articles 2007-07-02
- General Motors Honors Penske Logistics
- Penske Logistics, Reading, Pa., said it was named General Motors' 2003 Supplier of the Year.Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corp. and General Electric. Penske Logistics offers services for transportation, warehousing and supply chain management.The award is given each year...
- Research articles 2004-04-26
- FORD LIKELY TO CHOOSE PENSKE FOR LOGISTICS.
- Penske Corp. of Detroit likely will be chosen by Ford Motor Co. to manage shipping and delivery of car parts from suppliers and Ford's own parts operations to other Ford plants. The deal, once completed, would streamline complicated logistics conc Penske Corp. of...
- Research articles 1999-04-26
- Penske Automotive Group Inc.(names in The News)(Brief Article)
- GREGORY HOUFLEY was promoted to CEO and Executive Vice President of Penske Automotive ... GREGORY HOUFLEY was promoted to CEO and Executive Vice President of Penske Automotive Group Inc., a retail auto dealer in El Monte, Calif. that is a subsidiary of Penske Corp.
- Research articles 2003-11-01
- Penske's dieseling for dollars.(Brief Article)
- Engine unit aims at tapping lucrative light-truck market DETROIT--Penske Corp. is dieseling its way into another potentially lucrative prospect: the popular light truck market. Cleaner, quieter engines is the objective of Penske's Detroit Diesel Corp. subsidiary, which wants to build more engines...
- Research articles 1998-03-16
- Penske buys VM
- The European Commission has approved the purchase of a stake in Italian engine maker, VM Motori SpA, a unit of DaimlerChrysler AG by Penske Corp. VM Motori manufactures approximately 70,000 diesel engines annually. The deal was approved under the Commission's simplified antitrust procedure. This clears mergers or acquisitions after one...
- Research articles 2003-03-01
- DaimlerChrysler to acquire Detroit Diesel Corp. for 0.23 times revenue
- The Deal: The German vehicle maker, DaimlerChrysler AG, is purchasing truck engine maker Detroit Diesel Corp. for $23.00 a share valuing Detroit at $531.3 million. The acquisition is another move to cement its domination of the North American heavy-truck industry. DaimlerChrysler already owns 21.3 percent of Detroit Diesel and the...
- Research articles 2000-07-31
- Crainsdetroit.com offers tools for success.(Collins & Aikman Corp. buys Textron Automotive Trim.)(Brief Article)
- Do you want a Web site devoted to breaking Detroit area business news? Go to Crainsdetroit.com to find the features you've come to count on from Crain's. This week on crainsdetroit.com: *Report: ArvinMeritor's No. 2 to leave. ... Read how this ...
- Research articles 2001-08-13
- Tired track record led Penske to close stores.(Penske Auto Centers unprofitable)(Brief Article)(Statistical Data Included)
- The seven-year marriage between two of Detroit's best-known icons - racing legend Roger Penske and Kmart Corp. - failed because Penske Auto Centers L.L.C. never produced enough sales to be profitable, the company said Thursday. Penske bought the t The seven-year marriage between...
- Research articles 2002-04-15
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