Also known as Penske Corporation
Penske Corporation describes itself as a closely held, diversified on-highway transportation services company whose businesses span retail automotive, truck leasing, logistics and motorsports. With Mitsui & Co., it is one of the two largest shareholders of Penske Automotive Group.
In October 2026 Penske Corporation and Mitsui agreed to buy the Penske Automotive shares they do not already own; after closing, Penske is to hold about 64% of the company.
Penske Automotive Group said a buyer owned by Penske Corporation and Mitsui & Co. will acquire the shares it does not already own for $212.00 a share in cash, in a deal that implies an enterprise value of about $16.3 billion and is expected to close in the first quarter of 2027.