Penske Automotive Group, Inc. (PAG) history, company profile (overview) and history video
Penske Automotive Group, Inc. (PAG) is a diversified international transportation services company headquartered in Bloomfield Hills, Michigan, United States.
HISTORY
Penske Automotive was originally founded as United Automotive Group in 1990.
In 1999, the company was acquired by Penske Corporation and Roger Penske.
In 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc.
OPERATIONS
The company operates dealerships in the United States, the United Kingdom, Canada, Germany, and Italy. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services in Australia and New Zealand.
Through its subsidiary Penske Transportation Solutions, the company manages a fleet of over 400,000 trucks, tractors and trailers, providing transportation, supply chain, and technology solutions to North American fleets.
With more than 25,000 employees, Penske Automotive Group, Inc. is considered one of the world’s premier automotive and commercial truck retailers. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.penskeautomotive.com.
**Video published on YouTube by “PenskeCars“