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Home > Company Index > Automotive & Transport Equipment > Auto Parts > Penske Corporation

Penske Corporation
 NEWS FROM THE STANDARD
Clicks-and-Mortar Superstores
Apr 10 2000 12:00 AM PDT

 PROFILE
Penske, headed by race-car legend Roger Penske, seems to be on the right track as a diversified transportation firm. Closely held Penske has stakes in Penske Truck Leasing Company (79%-owned by GE Capital), the US's #2 truck-rental operation, after Ryder. Penske Automotive operates five car dealerships in California and owns nearly 60% of publicly traded United Auto Group, which runs about 120 franchise dealerships. Penske owns 15% of electronic fuel-injection system maker Diesel Technology (Robert Bosch owns the rest) but has sold its 49% stake in truck engine maker Detroit Diesel. The company operates its Penske Auto Centers in more than 630 Kmart stores. Roger Penske owns 59% of the company.

 COMPETITION
AutoNation, Inc. (AN)
Discount Tire Co. (dossier)
Ryder System, Inc. (R)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 10,000.00
1-Yr. Sales Growth: 66.7%
Employees: 34,000
Revenue per employee: $294,117.65

 KEY PEOPLE
• Roger S. Penske
    CEO
• J. Patrick Conroy
    CFO

 CONTACT INFO
13400 Outer Dr. West
Detroit, MI 48239
US
Phone: 313-592-5000
Fax: 313-592-5256
Online: Web Site

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