Penske Corporation (Penske) is a diversified transportation services company. The company operates through its subsidiaries and joint venture units. The group has presence across various businesses including retail automotive, truck leasing, transportation logistics, transportation component manufacturing and professional motorsports. The various group companies and joint ventures include Penske Automotive Group, Penske Truck Rental, Penske Truck Leasing, Penske Motor Group, Penske Logistics, Truck Lite, DAVCO, Transportation Resource Partners (TRP), National Powersport Auctions (NPA), United Road, Versant Supply Chain, Tire Group International, Penske Vehicle Services, Ilmor, and Team Penske. Penske manages its operations principally across the US and also has presence in Europe. Penske Corporation is headquartered in Bloomfield Hills, Michigan, the US.