Penske Transportation Solutions recorded $64.5 million in earnings in Q3/20 and $108 million in earnings year to date compared with $42.2 million and $106 million, respectively, for the same periods last year. read more

OCT 26, 2020 - 7:19 am

GE sold its remaining 15.5% equity stake in Penske Truck Leasing to Penske Automotive Group and MBK USA Commercial Vehicles. Total proceeds are approximately $674 million. read more

SEP 8, 2017 - 6:30 am

GE signed and closed the sale of a 14.4% limited partner interest in Penske Truck Leasing to Penske Automotive Group. The sale represents ending net investment of approximately $0.4 billion and leaves GE with a 15.5% limited partner interest in the business. read more

JUL 29, 2016 - 7:44 am

Penske Automotive Group’s Premier Truck Group subsidiary completed the acquisition of Harper Truck Centres, a commercial truck dealership group located in Ontario, Canada.  read more

APR 13, 2016 - 6:26 am

Penske Automotive Group announced it renamed its U.S.-based commercial vehicle dealership business Penske Commercial Vehicles, US, and that Richard Shearing joined the organization as its president. read more

FEB 10, 2015 - 7:35 am