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Penske Motor Group history
Penske Motor Group company history timeline
By 1969 Penske Leasing had 33 locations in the northeastern United States.
By 1971 Roger Penske had auto dealerships in Philadelphia and Allentown, Pennsylvania, and in Detroit.
Vroom at the Top, (film) New York: Association Films, 1976.
Detroit Diesel's North American market share had declined from 33 percent in 1979 to three percent, and it had lost a total of $600 million in the previous five years.
After Dominic Longo died in 1985, Penske agreed to buy it.
By 1986 the share was upped to 50 percent, and Hertz-Penske acquired the heavy-duty truck leasing business of another major company, Leaseway Transportation, for $94 million.
In December 1987 Penske Corporation made its biggest acquisition ever and plunged into the large-scale manufacturing sector at the same time with the purchase of 60 percent of General Motors' $900-million-in-sales Detroit Diesel Allison division.
In June 1988 Penske Corporation bought Hertz's half of Hertz-Penske Leasing.
Under Kmart, the operation had lost $19 million on sales of $360 million in 1994.
In 1995, Penske acquired 860 Kmart Auto Centers for $112 million and renamed them Penske Auto Center Inc.
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.”
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Penske Motor Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pep Boys | 1921 | $2.1B | 16,394 | - |
| Lithia Motors | 1946 | $36.2B | 14,538 | 21 |
| ACDelco | 1916 | $8.5M | 120 | - |
| Fry's Electronics | 1985 | $2.4B | 14,000 | - |
| Lucid Motors | 2007 | $807.8M | 2,000 | 647 |
| Rush Enterprises | 1965 | $7.1B | 7,244 | 509 |
| Penske Automotive Group | 1990 | $30.5B | 25,000 | - |
| Allen Samuels Holdings | 1982 | $11.0M | 25 | 6 |
| Martin Mgmt Group | 1985 | $110.0M | 230 | 10 |
| Wilde Honda | - | $4.7M | 117 | - |
Penske Motor Group history FAQs
Zippia gives an in-depth look into the details of Penske Motor Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Penske Motor Group. The employee data is based on information from people who have self-reported their past or current employments at Penske Motor Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Penske Motor Group. The data presented on this page does not represent the view of Penske Motor Group and its employees or that of Zippia.
Penske Motor Group may also be known as or be related to Penske Motor Group, Penske Motor Group LLC, Penske Motor Group, Inc. and Penske Motor Group, LLC.