Penske Corporation

Holdings

Current

• DAVCO Technology (transportation component manufacturing)
• Ilmor Engineering (high performance motorsport engines)
• Penske Automotive Group (a 40+% stake)
• Penske Entertainment Corporation (67% with Fox Corporation), parent company of:
  • INDYCAR, LLC (Motorsports sanctioning body; parent company of the IndyCar Series)
  • Indianapolis Motor Speedway (2.5-mile race track in Speedway, Indiana)
    • Indianapolis Motor Speedway Radio Network
  • IMS Productions, Inc. (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities)
  • Grand Prix Association of Long Beach (promoter of the Grand Prix of Long Beach in Long Beach, California)
  • Detroit Grand Prix, Inc. (promoter of the Detroit Grand Prix in Detroit, Michigan)
• Penske Logistics (supply chain management and logistics service)
• Penske Motor Group (retail automotive in California and Texas)
• Premier Truck Group (commercial vehicle dealerships)
• Penske Truck Leasing (joint venture with Penske Corp. and Mitsui & Co., Ltd)
• Penske Truck Rental (truck rental services)
• [[File:Team penske (33287377268).jpg|thumb|Penske's 3 NASCARS in 2019. Top to bottom: [[Joey Logano]], [[Brad Keselowski]] and [[Ryan Blaney]].]]Team Penske (Motorsports team that enters teams in the IndyCar Series, IMSA SportsCar Championship, NASCAR and World Endurance Championship)
• Penske Racing Shocks (high performance motorsport suspension)
• Carshop (certified used vehicle dealer)

Former

• Detroit Diesel – A former GM subsidiary, Penske purchased a portion of the company in 1988 and, together with General Motors, spun the company off into a separate company. - Sold to DaimlerChrysler AG in 2000.
• DJR Team Penske (51% stake) (Australian V8 Supercars team) sold in 2020
• Penske Auto CentersPenske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 until 2002.
• VM Motori S.p.A. – 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.
• Truck-Lite (transportation component manufacturing) - Penske purchased the company in 1997 and sold majority share in 2015.

References

References

1. "Penske named Presidential Medal of Freedom recipient".
2. "About Us". Penske Corporation.
3. Hannah, Miller. (2025-07-31). "Fox Buys One-Third Stake in IndyCar Series-Owner Penske".
4. (2019-11-04). "Penske buys Indianapolis Motor Speedway and IndyCar".
5. (2024-11-14). "Penske adds Grand Prix of Long Beach to racing portfolio".
6. Overby, Joe. (2017-02-17). "Penske wraps up CarShop purchase".
7. Levin, Doron. (May 25, 1989). "Penske Wins Big at Detroit Diesel". [[The New York Times]].
8. "People: Roger Penske...This Guy Should Run GM". [[Motor Trend]].
9. (July 20, 2000). "Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler". The Auto Channel.
10. (September 15, 2014). "Penske confirms 2015 V8 Supercar entry". Speedcafe.
11. (October 24, 2020). "Penske finalises exit from Supercars, DJR reborn".
12. . (September 26, 1995). ["Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $112 million. Company to focus on retailing."](https://www.latimes.com/archives/la-xpm-1995-09-26-fi-50224-story.html). *[[Los Angeles Times]]*.
13. Buck, Genevieve. (September 26, 1995). "Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail". [[Chicago Tribune]].
14. . (April 9, 2002). ["Penske Auto Centers close for good"](https://www.upi.com/Penske-Auto-Centers-close-for-good/51201018375441/). *[[United Press International]]*.
15. Hays, Constance L.. (April 9, 2002). "Kmart and Penske Told to End Dispute Over Closing of Auto Centers". The New York Times.
16. Sutton, Mike. (July 16, 2007). "GM, Penske Partner in VM Motori Stake". [[Ward's]].
17. Ganz, Andrew. (February 15, 2011). "Fiat to split VM Motori with GM after buying Penske's 50% share".
18. (2015-09-28). "Penske Sells Majority Share of Truck-Lite to Two Investment Groups - TT".