Penske Corp.

Penske seeks $1 billion for truck parts unit, report says

3:38 pm U.S. ET | May 15, 2015

Roger Penske's holding company is exploring a sale of Truck-Lite in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, people familiar with the matter told Reuters....
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Penske Q1 net up 12% as sales rise

8:48 am U.S. ET | April 28, 2015

Penske Automotive Group reported first-quarter net income rose 12 percent driven largely by strong vehicle sales....
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Penske testifies Detroit, like GM, will be cleansed by bankruptcy

1:19 pm U.S. ET | Oct. 3, 2014

Detroit can benefit from a trip through bankruptcy, just as GM used court protection to turn itself around, Roger Penske on Friday told the judge weighing whether to approve the city's $7 billion debt-cutting proposal....
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Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014

Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets....
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Hertz investors want Roger Penske on board, reports say

1:55 pm U.S. ET | Sept. 10, 2014

At least two big Hertz Global Holdings Inc. investors plan to meet this week with its new chairwoman to propose adding industry veteran Roger Penske to the board, people familiar with the plans said....
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Toyota gives $1 million to help shield Detroit museum's art from bankruptcy sale, aid pensioners

2:34 pm U.S. ET | Aug. 6, 2014

Toyota's North American arm pledged $1 million toward the Detroit Institute of Arts' goal to raise $100 million and help prevent the sale of the museum's collections during Detroit's bankruptcy case and assist city pensioners....
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Penske Automotive hikes cash dividend again

11:54 am U.S. ET | July 16, 2014

Penske Automotive Group raised its quarterly cash dividend to 20 cents per share from 19 cents....
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Penske Logistics to close site servicing Ford

3:20 pm U.S. ET | July 9, 2014

Penske Logistics, the lead logistics provider for Ford in North America, plans to shut down a site south of Detroit in September and cut 183 jobs....
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Special Video Report
Nissan's Munoz: 'You Grow or You Go'

Nissan's Munoz: 'You Grow or You Go'

Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of the Nissan and Infiniti brands from 8.4 percent last year to 10 percent by March of 2017.
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