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Newsby StaffApril 28, 2020

Penske Dash Has Closed

Citing "the ripple effects of the current situation" the service ceased operations on April 10.

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Newsby StaffJanuary 12, 2020

Penske Expands Carsharing Parking Options

Penske Dash members are now able to begin and end rentals from any on-street, legal, metered, or residential parking space in the District.

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Newsby StaffDecember 3, 2019

Penske Truck Leasing Celebrates 50th Anniversary

Founded in 1969 by Roger Penske, the company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.

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NewsDecember 27, 2017

Uber Selling Leasing Business to Digital Startup

Uber will sell its Xchange Leasing division to Fair, a digital car marketplace. Xchange Leasing had been losing $9,000 per car.

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NewsApril 30, 2013

Penske Automotive Reports Record Results

Roger Penske outlines Hertz synergies on first quarter conference call.

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NewsApril 17, 2013

Industry Converges on 2013 Car Rental Show in Las Vegas

Signs of a healthy and dynamic industry, an expanded agenda, a strong international presence and new OEM memberships in ACRA highlight this year’s Car Rental Show. Raymond Wagner of Enterprise Holdings wins Russell Bruno Award.

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NewsMarch 5, 2013

Hertz and Penske Finalize Indiana Franchise Agreement

Penske will assume control of more than 20 Hertz airport and off-airport locations in Indiana, including the Indianapolis, Fort Wayne and South Bend airport locations.

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NewsJanuary 28, 2013

Hertz Sponsors Penske Racing in NASCAR Sprint Cup and Nationwide Series

Penske Racing cars, uniforms and equipment will feature Hertz branding during select NASCAR Sprint Cup and Nationwide Series races.

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NewsJanuary 7, 2013

Bud Denker of Penske to Deliver Keynote at 2013 Car Rental Show

Denker, who oversees Penske Corporation's marketing and communications for Penske’s auto dealerships, car rental operations and Penske Racing, will discuss Penske’s recent expansion into the rental car segment and the opportunities it foresees in the years ahead.

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NewsJanuary 7, 2013

Fitch Ratings Says Truck Leasing Growth to Outpace Commercial Rental in 2013

According to Fitch Ratings, demand for short-term commercial truck rentals has been relatively strong since the economic downturn, but demand is expected to shift to longer term leasing solutions.

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