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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 and Dallara Indy cars on display at the Penske Racing Museum in Scottsdale, Arizona. Opened in 2002, the Penske Racing Museum in Scottsdale, Arizona, is located within a complex of Penske Automotive Group car dealerships at the Scottsdale 101 Auto Collection.
Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally. [2]
Penske Automotive Group operates dealerships in the U.S., the United Kingdom, Canada, Germany, Italy, Japan and Australia, and said it has completed acquisitions representing nearly $2 billion in ...
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 341 retail automotive franchises, representing 40 different brands and 30 collision repair centers.
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