The growth of Penske Corp traces itself directly to racing. ![]() We have found that to be true in racing, in business, and in life and it has really become part of our identity over the years.” How Ind圜ar’s Association With Penske Fueled His Business Growth “Probably the most important advice that always stuck with me came from my father – Effort Equals Results. “I have certainly learned a lot of valuable lessons through our experience in racing,” Penske said. And that’s Roger, whether it’s racing or business, then or now, he always embodies that.’Īnd it is racing that has served as his platform in how he approaches his business that started with a car dealership in 1965 and has grown into Penske Corp today with revenues of more than $32 billion, operating in over 3,200 locations and employing more than 56,000 people worldwide. As to what he’s learned along the way for both Team Penske and his business interests, the two come back to one thing. It was about work ethic, elbow grease, and attention to detail. I knew then that this was not about dollars that created that atmosphere. And I thought, ‘This is a lesson – the presentation.’ If I had someone with me where I was trying to bring funding to my team and they walked by and saw Roger’s garage to get to our, where are they going to want to stop? It was just a slap in the face with the presentation. And remember walking by and looking in the door, and the place was spotless. And one night I was walking by the garages and I passed Roger’s to get to ours. “His reputation was already growing and known in the paddock, and I was driving for another team just trying to qualify for the Indy 500. ![]() “One of the first lessons I learned from Roger was before I was driving for him,” said four-time Ind圜ar winner Rick Mears. It seems almost otherworldly for me to drive by a tiny garage underneath what was once an auto repair shop and know that Rolla Vollstedt’s cars for Janet Guthrie were developed in that environment. Dating up to the 1960s it was not uncommon for cars to be fielded by car designers out of their garage. How Ind圜ar teams are structured today owes itself to how Roger Penske focused it organizationally. Along the way, Team Penske has racked up a staggering 591 major race wins, 653 pole positions, and 40 championships, along with 18 Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring, as well as winning one Bathurst 1000 race in Australia.īeginnings Showed How Penske Would Transform Ind圜ar Teams He fields teams in Ind圜ar, NASCAR’s Cup, and Xfinity Series. Equally a businessman, he is all things racing and racing as a business. His Penske Corporation is a diversified portfolio ranging from Penske Transportation Solutions that include Penske Truck Leasing to Penske Automotive Group, Inc., a global services company that operates automotive and commercial truck dealerships. Nicknamed “The Captain”, he has come to define what Ind圜ar has become and Ind圜ar’s success has helped to elevate him among Forbes’ list of the top billionaires in the world with a net worth of $2.3 billion. (Photo by James Black/Icon Sportswire via Getty Images) Icon Sportswire via Getty Imagesįew people have embodied both racing and business more than Roger Penske. Ind圜ar win, he reflects on how the success of the racing series created his business success, and how he brought his brand of work ethic to the sports. *Information from, Wikipedia.Roger Penske has become all things Ind圜ar and the Indy 500. According to Forbes, it is considered one of the Largest Public Companies in the World. is considered one of the world’s premier automotive and commercial truck retailers. With more than 25,000 employees, Penske Automotive Group, Inc. 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. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services in Australia and New Zealand. The company operates dealerships in the United States, the United Kingdom, Canada, Germany, and Italy. In 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc. In 1999, the company was acquired by Penske Corporation and Roger Penske. Penske Automotive was originally founded as United Automotive Group in 1990. ![]() ![]() (PAG) is a diversified international transportation services company headquartered in Bloomfield Hills, Michigan, United States. (PAG) history, company profile (overview) and history video
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