Penske Media Corporation ( PMC / ˈ p ɛ n s k i / ) is an American mass media , publishing , and information services company based in Los Angeles and New York City . It publishes more than 20 digital and print brands, including Variety , Rolling Stone , Women's Wear Daily , Deadline Hollywood , Billboard , The Hollywood Reporter , Boy Genius Report , Robb Report , Artforum , ARTNews , and others. PMC's Chairman and CEO since founding is Jay Penske .
65-758: American transportation services company Not to be confused with Penske Media Corporation . "Penske" redirects here. For other uses, see Penske (disambiguation) . Penske Corporation [REDACTED] Company type Private Industry Transportation Founded 1969 ; 55 years ago ( 1969 ) Founder Roger Penske Headquarters Bloomfield Township, Michigan , U.S. Key people Roger Penske (Chairman) Brian Hard (President) Products Auto Racing, Truck Leasing, Retail, Logistics Number of employees ~65,000 Website www .penske .com Penske Corporation, Inc. ( / p ɛ n . s k iː / )
130-530: A 50/50 joint venture with Geely . By unit sales, the Mercedes-Benz Group is the tenth-largest car manufacturer in the world; shipping two million passenger vehicles in 2021 and by revenue the seventh-largest car manufacturer worldwide in 2023. Also in 2023, the company was ranked 42nd in the Forbes Global 2000 . The group provides financial services through its Mercedes-Benz Mobility arm. The company
195-509: A German startup that has built an app for peer-to-peer-style carpooling, has invested in Storedot, Careem , Blacklane and FlixBus , and has acquired car2go and mytaxi (now Free Now ). Li Shufu of Chinese automobile manufacturer Geely took a 9.69% stake in the company, through Tenaciou3 Prospect Investment Limited, in February 2018, making it the company's largest single shareholder. Geely
260-470: A deal to sell its Here digital maps division to a consortium of three German automakers— BMW , Daimler AG, and Volkswagen Group , for €2.8 billion. This was seen as an indication that the automakers were interested in automated cars. In 2017, Daimler announced a series of acquisitions and partnerships with car startups focused on car sharing, in a move towards what it sees as the next generation of car ownership and usage. Part of its corporate strategy
325-418: A marque of automobiles had been given by Gottlieb Daimler for use by other companies. It is or was used principally by Daimler Motor Company and Austro-Daimler later Steyr-Daimler-Puch but also, very briefly by Daimler Manufacturing Company and Panhard-Daimler , and others. The new company, Daimler-Benz, did not obtain consent to include Daimler in its brand name and used the name Mercedes to represent
390-475: A partnership with Shutterstock to be the exclusive licensor of imagery from PMC's fashion and entertainment archives. The following month, PMC purchased Gold Derby, a data platform and website that utilizes user and professional predictions to predict the outcome and winners of global awards shows and events. In January 2016, PMC acquired independent film and television platform IndieWire from SnagFilms, Inc. for an undisclosed amount of money. Michael Schneider,
455-652: A re-badged Mercedes-Benz Sprinter van. In 2000, DaimlerChrysler acquired the Detroit Diesel Corporation and placed its on-highway division under Daimler Trucks North America. The off-highway division was placed under MTU Friedrichshafen to form MTU America. Detroit Diesel branding has been maintained by DTNA and MTU America. In 2005, MTU-Friedrichshafen was sold to the Swedish investment firm EQT Partners. That same year, DaimlerChrysler entered into an alliance with Mitsubishi Motors Corporation in an effort to reach
520-529: A small number of motor racing cars built to his specifications by Maybach, stipulated that the engine must be named Daimler-Mercedes , and made the new automobile famous through motorsports. That race car later became known as the Mercedes 35 hp . The first of the series of production models bearing the name Mercedes had been produced by DMG in 1902. Jellinek left the DMG board of directors in 1909. The name of Daimler as
585-645: A stake in Dick Clark Productions was sold to PMC via the joint venture Penske Media Eldridge, and in February 2023, PMC became the largest shareholder in Vox Media , acquiring a 20% stake in the company with Jay Penske joining Vox's board. The purchase of Dick Clark Productions also included the Golden Globe Awards , American Music Awards , the Streamy Awards , Academy of Country Music Awards , and
650-555: A tech and gadget blog, for an undisclosed amount of money. MMC moved the blog to a new URL (BGR.com) and also introduced a broader spectrum of technology coverage. Geller remained the website's Editor in Chief after the sale. In September 2010, the Mail.com Media Corporation announced a transaction in which they would sell the Mail.com email and portal service to United Internet Group , one of Germany 's leading internet companies. MMC would remain
715-561: Is a 50 percent stakeholder in South by Southwest . It is also the owner of Dick Clark Productions which includes the award shows Golden Globe Awards , American Music Awards , Streamy Awards , Academy of Country Music Awards , and the Billboard Music Awards . Penske Media Corporation was founded by Jay Penske in 2003. It began as an affinity marketing and internet services company called Velocity Services, Inc. The company acquired
SECTION 10
#1732855850002780-538: Is a German multinational automotive company headquartered in Stuttgart , Baden-Württemberg , Germany. It is one of the world's leading car manufacturers. Daimler-Benz was formed with the merger of Benz & Cie. , the world's oldest car company, and Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon the acquisition of the American automobile manufacturer, Chrysler Corporation in 1998, it
845-1084: Is a component of the Euro Stoxx 50 stock market index . The central company headquarters, the Mercedes-Benz offices, a car assembly plant, the Mercedes-Benz Museum and the Mercedes-Benz Arena are situated in the Mercedes-Benz complex in Stuttgart. The Mercedes-Benz Group origin is in an Agreement of Mutual Interest signed on 1 May 1924 between Benz & Cie. (founded in 1883 by Carl Benz ) and Daimler Motoren Gesellschaft (founded in 1890 by Gottlieb Daimler and Wilhelm Maybach ). Both companies continued to manufacture their separate automobile and internal combustion engine marques until 28 June 1926, when Benz & Cie. and Daimler-Motoren-Gesellschaft formally merged – becoming Daimler-Benz AG ( Aktiengesellschaft ) – and agreed that thereafter, all of
910-706: Is a digital media, publishing, and events company that owns multiple fashion-related content properties. PMC purchased Fairchild properties from Condé Nast in late 2014. These publications included WWD ( Women's Wear Daily ), Footwear News , Beauty Inc. , M , and Fairchild Summits. WWD is often considered the "Bible of the fashion industry." The other properties are considered leading business-to-business publications offering news and insights into various fashion and beauty niches. On April 2, 2020, PMC announced that it would launch Sportico —a new vertical focusing on sports business and media . It launched on June 30, 2020, hiring several reporters who previously worked at
975-733: Is already known from its ownership of Volvo Car Corporation . In September 2018, Daimler invested $ 155 million in US-based electric bus and its battery management technology manufacturer Proterra . In July 2019, BAIC Group purchased a 5% stake in Daimler, which is a reciprocal shareholder in BAIC 's Hong Kong listed subsidiary. In September 2019, Daimler announced that it would be "stopping its internal combustion engine development initiatives as part of its efforts to embrace electric vehicles ." In February 2020, Daimler partnered with Twelve to create
1040-540: Is an American English-language luxury - lifestyle magazine featuring various products, including automobiles, aviation, boating, real estate, and watches. Deadline , also known as Deadline Hollywood or Deadline.com and previously known as news blog Deadline Hollywood Daily , is an online magazine founded by Nikki Finke in 2006. The blog had initially been operated by publisher LA Weekly prior to being purchased by Penske Media in June 2009. Fairchild Fashion Media
1105-843: Is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan . Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation , logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally. Holdings [ edit ] Current [ edit ] DAVCO Technology (transportation component manufacturing) Ilmor Engineering (high performance motorsport engines) Penske Automotive Group (a 40+% stake) Penske Entertainment Corporation, parent company of: INDYCAR, LLC ( Motorsports sanctioning body ; parent company of
1170-565: Is available on the U.S. market as a panel van, crew bus and chassis in several variants with three lengths and roof heights, six-cylinder diesel or gasoline engines. The Sprinter has been assembled and sold in the United States since 2001. The Mercedes-Benz Group sells automobiles under the following brands worldwide: Share Now - Now part of Stellantis The Mercedes-Benz Group has a worldwide network of production plants and research centers. The following list describes all locations around
1235-574: Is part of Penske Media Corporation, having reportedly attained more than 20 million monthly active users, as well as over 5 million social media followers. Other properties under the PMC banner include the Boy Genius Report (or BGR.com), TVLine, SHE Media , and Sourcing Journal. BGR.com is a tech and gadget blog originally founded by Jonathan Geller and purchased by PMC in 2010. The Gold Derby Awards (or "Gold Derby TV and Film Awards") are awards given by
1300-560: Is renamed Motoren und Turbinen-Union Friedrichshafen GmbH (MTU Friedrichshafen) in 1969. In 1989, Daimler-Benz InterServices AG (Debis) was created to handle data processing, financial and insurance services, and real estate management for the Daimler group. In 1995, MTU Friedrichshafen became a wholly owned subsidiary of Daimler-Benz. In a so-called "merger of equals," or "marriage made in heaven", according to its then CEO and architect Jürgen E. Schrempp , Daimler-Benz and United States–based automobile manufacturer Chrysler Corporation ,
1365-440: Is to "transition from being an automobile manufacturer to a mobility services provider". In April 2017 it announced a partnership with Via , a New York–based ride-sharing app, to launch a new ride-sharing service across Europe. In September, it was announced that Daimler had led a fundraising round for car-sharing start up Turo , which is a platform that lets owners rent their vehicles out to other users. It also acquired Flinc,
SECTION 20
#17328558500021430-429: The Billboard Music Awards . PMC owns and operates Variety magazine, a trade paper for the entertainment industry founded in 1905, as well as its various digital and data platforms. PMC purchased the publication in 2012 from Reed Elsevier for approximately $ 30 million. PMC first became the majority owner of Rolling Stone by purchasing a 51 percent stake in the company from Wenner Media in 2017, and then acquired
1495-701: The Hague System during 2020. This position is up on its previous 10th-place ranking in 2019. On 28 January 2022, CEO Ola Källenius announced that Daimler will be rebranded as Mercedes-Benz to pursue a higher valuation for the company as it shifts deeper into high-tech electric vehicles. On 1 February 2022, Daimler officially changed its registered company name to Mercedes-Benz Group AG. Sales of Mercedes-Benz Group vehicles in 2023 – 2,491,600 (+1.5%). Sales of superior products increased: Mercedes-Maybach (+19%), G-Class (+11%) and Mercedes-AMG (+4%). Fully electric Mercedes-Benz passenger car sales rose by 73% during
1560-1005: The IndyCar Series ) Indianapolis Motor Speedway (2.5-mile race track in Speedway, Indiana ) IMS, LLC (Operators of the race track) IMS Productions, Inc. (broadcast television production company with satellite trucks, TV trucks and audio/visual editing facilities) Grand Prix Association of Long Beach (Runs and organizes the Grand Prix of Long Beach in downtown Long Beach, California . Penske Logistics (supply chain management and logistics service) Penske Motor Group (retail automotive in California and Texas) Premier Truck Group (commercial vehicle dealerships) Penske Truck Leasing (joint venture with Penske Corp. and Mitsui & Co., Ltd) Penske Truck Rental (truck rental services) Team Penske (Motorsports team that enters teams in
1625-684: The IndyCar Series , IMSA SportsCar Championship , NASCAR and World Endurance Championship ) Truck-Lite (transportation component manufacturing) Carshop (certified used vehicle dealer) Former [ edit ] Detroit Diesel – A former GM subsidiary, Penske purchased a portion of the company in 1988 and, together with General Motors, spun the company off into a separate company. Sold to DaimlerChrysler AG in 2000. DJR Team Penske (51% stake) (Australian V8 Supercars team) sold in 2020 Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 until 2002. VM Motori S.p.A. – 50%
1690-452: The Mail.com domain and was renamed to the Mail.com Media Corporation (MMC). By 2008, the company owned digital entertainment properties like OnCars.com, Hollywood Life , Movieline , and MailTimes in addition to operating the Mail.com portal and email service. In mid-2008, the company received a $ 35 million growth equity round of financing from a leading private equity fund. In early 2009,
1755-642: The Mercedes-Benz 770 luxury car. Daimler also produced parts for German arms, most notably barrels for Mauser Kar98k rifles. During World War II , Daimler-Benz had over 60,000 concentration camp prisoners and other forced laborers to build machinery. After the war, Daimler admitted to its links and coordination with the Nazi government. In 1966, Maybach-Motorenbau GmbH merged with Mercedes-Benz Motorenbau Friedrichshafen GmbH to form Maybach Mercedes-Benz Motorenbau GmbH, under partial ownership by Daimler-Benz. The company
1820-562: The Shenzhen BYD Daimler New Technology Co., Ltd. , trading as " Denza " was established between BYD and Daimler to produce luxury electric vehicles. In November 2014, Daimler announced it would acquire 25 percent of Italian motorcycle producer MV Agusta for an undisclosed fee. MV Holding acquired the 25 percent of MV Agusta back from Daimler in December 2017. On 3 August 2015, Nokia announced that it had reached
1885-574: The 49 percent stake held by BandLab Technologies in January 2019 to become its full owner. Rolling Stone is an international media brand which focuses on popular culture, now including magazines published in 15 countries such as China, Australia, India and the United Kingdom. The original American Rolling Stone magazine was founded in San Francisco in 1967 by magazine publisher Jann Wenner and
1950-546: The Asian market. The alliance resulted in the platform sharing between the 2002-2013 Colt and first-generation Smart Forfour , but the declining performance of Mitsubishi led DaimlerChrysler to sell its shares back by 2004. In 2006, Chrysler reported losses of US$ 1.5 billion. It then announced plans to lay off 13,000 employees in mid-February 2007, close a major assembly plant and reduce production at other plants in order to restore profitability by 2008. That same year, Chrysler
2015-601: The Daimler-Motoren-Gesellschaft interest. Karl Benz remained as a member of the board of directors of Daimler-Benz AG until his death in 1929. Although Daimler-Benz is best known for its Mercedes-Benz automobile brand, during World War II , it also created a notable series of engines for German aircraft , tanks , and submarines . Its cars became the first choice of many Nazi, Fascist Italian, and Japanese officials including Hermann Göring , Adolf Hitler , Benito Mussolini and Hirohito , who most notably used
Penske Corporation - Misplaced Pages Continue
2080-930: The Editor in Chief of TV Guide , joined IndieWire.com as Executive Editor shortly after the PMC acquisition, joining editorial leaders Anne Thompson, Eric Kohn, and editor Dana Harris. In January 2017, Penske Media Corporation entered into a joint venture for the Robb Report with Rockbridge, the private equity firm of Dan Gilbert . In December 2017, Penske Media acquired a majority stake of Rolling Stone magazine from Wenner Media. In 2018, it expanded further into music with an investment in BuzzAngle Music . Additional acquisitions from 2017 to 2018 include SHE Media , Sourcing Journal, and Art Media Holdings, which includes Art in America and ARTnews . On September 23, 2020, it
2145-476: The German Securities Trading Act (Wertpapierhandelsgesetz, WpHG) paragraph § 38 owner of rights like financial options to buy common shares with voting rights have to be reported in case certain threshold values are achieved. These owners must report the sum of owned common shares and potential rights to buy additional shares. The German Federal Financial Supervisory Authority (BaFin) reports
2210-715: The United States Transportation companies based in Michigan Team Penske Family-owned companies of the United States Hidden categories: Webarchive template wayback links Articles with short description Short description is different from Wikidata Penske Media Corporation In addition to media publications, Penske Media Corporation owns the Life Is Beautiful Music & Art Festival and
2275-617: The company acquired a majority stake in Las Vegas' Life Is Beautiful Music & Art Festival , which was placed under the Rolling Stone division. The same year, it acquired the contemporary art magazine Artforum and Bookforum . Bookforum subsequently ceased publications on December 12 of that year. It also launched the LA3C, a music festival in Los Angeles, California. In January 2023,
2340-543: The company announced the purchase of Deadline Hollywood Daily (now known as Deadline.com). The website had previously been operated by publisher LA Weekly . In February 2010, MMC finalized and announced a joint venture with Zee TV , one of India 's leading TV networks, on the creation of the new India.com web portal and seven other portals. The site was designed to compete with other portals like Indiatimes.com , Yahoo! , and Rediff.com . In April 2010, MMC purchased Jonathan Geller's Boy Genius Report ( BGR ),
2405-597: The company to start manufacturing Mercedes-Benz Sprinter vans from scratch to meet demand in North America. From 2010, these vans were set up in Germany, then shipped to the United States partially disassembled for reassembly to avoid import tariffs. A Daimler official said that the Sprinter's popularity in North America was making that process less efficient. The North Charleston plant had been employing only 100 workers. The Sprinter
2470-469: The factories would use the brand name of " Mercedes-Benz " on their automobiles. The inclusion of the name Mercedes in the new brand name honored the most important model series of DMG automobiles, the Mercedes series, which were designed and built by Wilhelm Maybach . They derived their name from a 1900 engine named after the daughter of Emil Jellinek . Jellinek became one of DMG's directors in 1900, ordered
2535-516: The following shareholder structure based on § 39 WpHG, (Date: Tuesday, 19 November 2019): As of March 2010, Daimler owned a 22.5% share of EADS . In April 2013, Daimler sold its shares in EADS, and the same year, EADS restructured itself into a new aerospace company named Airbus . On 5 March 2015, Daimler AG announced a 1,200-job package to the North Charleston region for its van plant, to allow
2600-463: The job of its architect, Chairman Jürgen E. Schrempp, who resigned at the end of 2005 in response to the fall of the company's share price following the transaction. Another issue of contention is whether the merger delivered promised synergies and successfully integrated the two businesses. Martin H. Wiggers ' concept of a platform strategy, like the VW Group's, was implemented only for a few models, so
2665-626: The joint venture was closed in 2018. From 1986 to 1989, Daimler produced the Mercedes-Benz W123 (200 and 230E) sedans in China under a joint venture with FAW Group , with 828 units assembled in Changchun. Beijing Jeep was a joint venture between Chrysler and BAIC Motor . After DaimlerChrysler was formed, its legal name was changed to Beijing Benz in 2004, and it started producing Mercedes-Benz models in 2006. The partnership has continued during
Penske Corporation - Misplaced Pages Continue
2730-458: The music critic Ralph J. Gleason . It was first known for its musical coverage and for political reporting by Hunter S. Thompson . In the 1990s, the magazine shifted focus to a younger readership interested in youth-oriented television shows , film actors and popular AT40-based music. Under PMC, Rolling Stone became a monthly publication in America, but still mixed music coverage with politics and articles on popular culture. The Robb Report
2795-522: The name of its flagship marque, Mercedes-Benz, and spun off its heavy commercial vehicles unit, Daimler Truck , into a separate listed company . Daimler Truck is listed on the Frankfurt Stock Exchange and its first trading day was on 10 December 2021. In the 2021 review of WIPO 's annual World Intellectual Property Indicators Daimler ranked 8th in the world, with 65 of its designs in industrial design registrations being published under
2860-7411: The original on October 4, 2013 . Retrieved October 3, 2013 . ^ Ganz, Andrew (February 15, 2011). "Fiat to split VM Motori with GM after buying Penske's 50% share" . LeftlaneNews. Archived from the original on October 4, 2013 . Retrieved October 3, 2013 . External links [ edit ] Official website v t e [REDACTED] Team Penske Headquarters: Mooresville , North Carolina Personnel Roger Penske Tim Cindric Walter Czarnecki Travis Geisler IndyCar Series Drivers (2) Josef Newgarden (3) Scott McLaughlin (12) Will Power Race engineers (2) Eric Leichtle (3) Ben Bretzman (12) David Faustino NASCAR Cup Series Drivers (2) Austin Cindric (12) Ryan Blaney (22) Joey Logano Crew chiefs (2) Brian Wilson (12) Jonathan Hassler / Tony Palmer (22) Paul Wolfe FIA World Endurance Championship Drivers (5) Matt Campbell / Michael Christensen / Frédéric Makowiecki (6) Kévin Estre / André Lotterer / Laurens Vanthoor IMSA SportsCar Championship Drivers (6) Mathieu Jaminet / Nick Tandy (7) Dane Cameron / Felipe Nasr Former drivers Formula One Mark Donohue John Watson IndyCar Bobby Allison A. J. Allmendinger Bill Alsup Mario Andretti Alex Barron Gary Bettenhausen Geoff Brabham Ryan Briscoe Hélio Castroneves Kevin Cogan Mark Donohue Gil de Ferran Emerson Fittipaldi David Hobbs Sam Hornish Jr. Gordon Johncock Jan Magnussen Tarso Marques Rick Mears Juan Pablo Montoya Simon Pagenaud Max Papis André Ribeiro Gonzalo Rodríguez Johnny Rutherford Oriol Servià Tom Sneva Danny Sullivan Mike Thackwell Paul Tracy Al Unser Al Unser Jr. Bobby Unser NASCAR Justin Allgaier Bobby Allison Donnie Allison A. J. Allmendinger Dave Blaney Chad Blount Neil Bonnett Kurt Busch Mark Donohue George Follmer Brendan Gaughan Sam Hornish Jr. Ricky Johnson Brad Keselowski Parker Kligerman Travis Kvapil Dave Marcis Jeremy Mayfield Michael McDowell Paul Menard Juan Pablo Montoya Ryan Newman Kyle Petty David Stremme Alex Tagliani Jacques Villeneuve Mike Wallace Rusty Wallace ARCA Austin Cindric Sam Hornish Jr. Travis Kvapil Ryan Newman Rusty Wallace Steve Wallace Billy Wease Sports cars Timo Bernhard Ryan Briscoe Kurt Busch Dane Cameron Hélio Castroneves Mark Donohue Romain Dumas Patrick Long Lucas Luhr Sascha Maassen Juan Pablo Montoya Simon Pagenaud Graham Rahal Alexander Rossi Ricky Taylor Supercars Marcos Ambrose Scott Pye Fabian Coulthard Scott McLaughlin Indianapolis 500 wins 1972 (Donohue) 1979 (Mears) 1981 (B. Unser) 1984 (Mears) 1985 (Sullivan) 1987 (A. Unser) 1988 (Mears) 1991 (Mears) 1993 (Fittipaldi) 1994 (Unser Jr.) 2001 (Castroneves) 2002 (Castroneves) 2003 (de Ferran) 2006 (Hornish) 2009 (Castroneves) 2015 (Montoya) 2018 (Power) 2019 (Pagenaud) 2023 (Newgarden) 2024 (Newgarden) National Championships 1977 (Sneva) 1978 (Sneva) 1979 (Mears) 1981 (Mears) 1982 (Mears) 1983 (A. Unser) 1985 (A. Unser) 1988 (Sullivan) 1994 (Unser Jr.) 2000 (de Ferran) 2001 (de Ferran) 2006 (Hornish) 2014 (Power) 2016 (Pagenaud) 2017 (Newgarden) 2019 (Newgarden) 2022 (Power) NASCAR Hall of Fame Bobby Allison (2011) Rusty Wallace (2013) Roger Penske (2019) Donnie Allison (2024) NASCAR Cup Series Championships 2012 (Keselowski) 2018 (Logano) 2022 (Logano) 2023 (R. Blaney) 2024 (Logano) NASCAR Xfinity Series Championships Drivers' Championship 2010 (Keselowski) 2020 (A. Cindric) Owners' Championship 2010 (No. 22) 2013 (No. 22) 2014 (No. 22) 2015 (No. 22) 2017 (No. 22) 2020 (No. 22) 2021 (No. 22) Regular Season Championship 2020 (A. Cindric) Daytona 500 wins 2008 (Newman) 2015 (Logano) 2022 (A. Cindric) Coca-Cola 600 wins 2010 (Busch) 2020 (Keselowski) 2023 (R. Blaney) Brickyard 400 wins 2018 (Keselowski) Southern 500 wins 1975 (B. Allison) 2018 (Keselowski) Jack Link's 500 wins 2012 (Keselowski) 2016 (Keselowski) 2018 (Logano) 2020 (R. Blaney) 2021 (Keselowski) All-Star Race wins 2002 (Newman) 2010 (Busch) 2016 (Logano) 2022 (R. Blaney) 2024 (Logano) Busch Light Clash wins 1998 (Wallace) 2011 (Busch) 2017 (Logano) 2018 (Keselowski) 2022 (Logano) Supercars Drivers' championships 2018 (McLaughlin) 2019 (McLaughlin) 2020 (McLaughlin) Supercars Teams' championships 2017 2019 2020 Bathurst 1000 wins 2019 (McLaughlin / Prémat) Partnerships and affiliations Ford Performance / Front Row Motorsports / Roush-Yates Engines / Wood Brothers Racing / (NASCAR) Ilmor / Chevrolet Performance (IndyCar) Porsche / Multimatic (IMSA) Related NASCAR operations of Team Penske Penske Corporation ( Indianapolis Motor Speedway / INDYCAR, LLC ) Greg Moore Dick Johnson Racing Authority control databases [REDACTED] International VIAF National United States Retrieved from " https://en.wikipedia.org/w/index.php?title=Penske_Corporation&oldid=1257418134 " Categories : Penske Corporation Companies based in Oakland County, Michigan Bloomfield Hills, Michigan Transport companies established in 1969 1969 establishments in Michigan Trucking companies of
2925-403: The original on 2015-12-10 . Retrieved 2018-01-23 . ^ Buck, Genevieve (September 26, 1995). "Kmart To Sell Automotive-service Chain: Discounter Steers Focus Back To Retail" . Chicago Tribune . Archived from the original on 2018-01-24 . Retrieved 2018-01-23 . ^ "Penske Auto Centers close for good" . United Press International . April 9, 2002. Archived from
2990-514: The original on January 15, 2021 . Retrieved September 15, 2014 . ^ Penske finalises exit from Supercars, DJR reborn Archived 2020-11-01 at the Wayback Machine Auto Action October 24, 2020 ^ "Kmart Sells Money-Losing Auto Service Business : Divestiture: Roger Penske buys 860 centers for $ 112 million. Company to focus on retailing" . Los Angeles Times . September 26, 1995. Archived from
3055-463: The original on January 23, 2018 . Retrieved January 23, 2018 . ^ Hays, Constance L. (April 9, 2002). "Kmart and Penske Told to End Dispute Over Closing of Auto Centers" . New York Times . Archived from the original on January 24, 2018 . Retrieved January 23, 2018 . ^ Sutton, Mike (July 16, 2007). "GM, Penske Partner in VM Motori Stake" . Ward's . Archived from
3120-553: The original on October 5, 2013 . Retrieved October 3, 2013 . ^ "People: Roger Penske...This Guy Should Run GM" . Motor Trend . Archived from the original on October 5, 2013 . Retrieved October 3, 2013 . ^ "Penske Corporation Announces Sale of Its Detroit Diesel Stake to DaimlerChrysler" . The Auto Channel . July 20, 2000. Archived from the original on May 31, 2019 . Retrieved October 3, 2013 . ^ "Penske confirms 2015 V8 Supercar entry" . Speedcafe . September 15, 2014. Archived from
3185-533: The primary content provider for Mail.com, but the email service itself was operated by United Internet and its GMX email platform. In 2012, MMC re-branded itself as Penske Media Corporation. In October 2012, PMC purchased Variety Inc., including the weekly Variety magazine, Daily Variety , Variety.com, and all associated assets, for a reported $ 25 million from Reed Elsevier . PMC received financial backing from hedge fund Third Point LLC . Some of PMC's early changes to Variety's business plan included eliminating
3250-499: The sale on 3 August 2007. The original agreement stated that Cerberus would take an 80.1 percent stake in the new company, Chrysler Holding LLC. DaimlerChrysler changed its name to Daimler AG and retained the remaining 19.9% stake in the separated Chrysler LLC. The terms saw Daimler pay Cerberus US$ 650 million to take Chrysler and associated liabilities off its hands. Of the US$ 7.4 billion purchase price, Cerberus Capital Management
3315-494: The smallest of the main three American automakers, merged in 1998 in an exchange of shares and formed DaimlerChrysler AG. Valued at US$ 38 billion, it was the world's largest ever cross-border deal. The terms of the merger allowed Daimler-Benz's non-automotive businesses such as Daimler-Benz InterServices AG, "debis AG" for short, to continue to pursue their respective strategies of expansion. debis AG reported revenues of $ 8.6 bn (DM 15.5 bn) in 1997. The merger
SECTION 50
#17328558500023380-465: The sports business division of Bloomberg News . On December 14, 2020, Sportico acquired The Intercollegiate , adding two writers from the college sports media outlet, to grow its coverage of the college sports industry. Sportico and Bloomberg News agreed to a content sharing deal in January 2021 to provide Sportico content to Bloomberg readers. BollywoodLife.com is an entertainment and celebrity news website reporting on Indian popular culture. It
3445-588: The synergy effects in development and production were low. As late as 2002, DaimlerChrysler appeared to run two independent product lines. Later that year, the company launched products that did integrate elements from both sides of the company, including the Chrysler Crossfire , which was based on the Mercedes SLK platform and utilized Mercedes's 3.2 L V6, and the Dodge Sprinter / Freightliner Sprinter ,
3510-415: The terms of the deal, PMC obtained ownership of Fairchild's print and digital media properties including Women's Wear Daily ( WWD ), Footwear News , Beauty Inc. , and others. Condé Nast had purchased the assets from Disney Corporation in 2003 for over $ 650 million. Two of Fairchild's properties, Style.com and W , remained under Condé Nast's ownership. In June 2015, Penske Media Corporation formed
3575-557: The website Goldderby.com for television and film. The awards began in 2004. Owned by Jay Penske since 2015, it is a brand of the Penske Media Corporation. It has also been an investor in the strategic event management company LDJ Productions since 2020. Penske Media co-owns its headquarters at 475 Fifth Avenue after partnering with RFR Holding to purchase it in 2022. Daimler AG Mercedes-Benz Group AG (formerly Daimler-Benz , DaimlerChrysler and Daimler )
3640-446: The website's paywall , ceasing the printing of Daily Variety , and investing more in the digital platform, Variety.com. The paywall was taken down on March 1, 2013, and, after 80 years of publication, the last print edition of Daily Variety was issued on March 19, 2013. A redesigned Variety magazine launched on March 26, 2013. In late 2014, PMC purchased Fairchild Fashion Media from Condé Nast for just under $ 100 million. Under
3705-454: The world's first C-pillar made with polycarbonate from CO 2 electrolysis in an effort towards a fully carbon neutral fleet. In September 2020, the company was fined 875 million dollars by the United States for having violated the Clean Air Act . It agreed to pay $ 1.5 billion to settle all related court actions. In February 2021, Daimler said it planned to rename itself adopting
3770-549: The world. In 2015, Daimler held interests in the following companies: Until the end of 2011, the company had also held shares in McLaren Group. Daimler held 25% of MV Agusta of Italy until 2017. Daimler sold its 50% stake in Engine Holding , to its joint venture partner, Rolls-Royce Holdings in 2014. It is now called Rolls-Royce Power Systems AG. Daimler used to own 50.1% Automotive Fuel Cell Cooperation of Canada but
3835-563: The year. Only Core segment sales declined by 2%, with 1,096,800 units sold due to supplier bottlenecks and the transition to the new E-Class . The key trends for the Mercedes-Benz Group are (as at the financial year ending 31 December): Ola Källenius became the Chairman of Mercedes-Benz Group and Head of Mercedes-Benz Cars on 22 May 2019. As of May 2018 , the members of the Board of Management of Mercedes-Benz Group AG were: According to
3900-740: Was announced that PMC would assume operations of the MRC Media & Info publications, including Variety 's main competitor, The Hollywood Reporter , and Billboard magazine, under a joint venture with MRC known as PMRC . In turn, MRC will form a second joint venture that will develop content tied to PMRC publications. In 2021, it purchased a 50 percent stake in South by Southwest , and sold Hollywood Life , website about entertainment, celebrity, and fashion news targets women ages 18 to 35 and attracts an audience of 35 million visitors per month, founded and run by former US Weekly , Marie Claire , and Glamour editor, Bonnie Fuller . In 2022,
3965-557: Was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013. References [ edit ] ^ "Penske named Presidential Medal of Freedom recipient" . IndyCar.com . Archived from the original on 2021-01-13 . Retrieved 2019-07-02 . ^ "About Us" . Archived from the original on 2023-04-08 . Retrieved 2023-04-08 . ^ Levin, Doron (May 25, 1989). "Penske Wins Big at Detroit Diesel" . The New York Times . Archived from
SECTION 60
#17328558500024030-450: Was contentious with investors launching lawsuits over whether the transaction was the 'merger of equals' that senior management claimed or actually amounted to a Daimler-Benz takeover of Chrysler. A class action investor lawsuit was settled in August 2003 for US$ 300 million while a suit by billionaire investor activist Kirk Kerkorian was dismissed on 7 April 2005. The transaction claimed
4095-560: Was overtaken by Toyota in the US market, leaving it outside of the traditional " Big Three " of US automakers for the first time. DaimlerChrysler had reportedly approached other carmakers and investment groups to sell Chrysler in early 2007. General Motors was reported to be a suitor, but Daimler agreed to sell the Chrysler unit to Cerberus Capital Management in May 2007 for US$ 6 billion and completed
4160-614: Was renamed to Daimler upon the divestment of Chrysler in 2007. In 2021, Daimler was the second-largest German automaker and the sixth-largest worldwide by production. In February 2022, Daimler was renamed Mercedes-Benz Group as part of a transaction that spun-off its commercial vehicle segment as an independent company, Daimler Truck . The Mercedes-Benz Group's marques are Mercedes-Benz for cars and vans (including Mercedes-AMG and Mercedes-Maybach ). It has shares in other vehicle manufacturers such as Daimler Truck, BAIC Motor and Aston Martin . Since 2019, Smart left Daimler AG and became
4225-499: Was to invest US$ 5 billion in Chrysler Holdings and US$ 1.05 billion in Chrysler's financial unit. The de-merged Daimler AG received US$ 1.35 billion directly from Cerberus but directly invested US$ 2 billion in Chrysler itself. Chrysler filed bankruptcy in 2009. DC Aviation rose in 2007 from the previous DaimlerChrysler Aviation , an auxiliary of DaimlerChrysler AG, which was established in 1998. In May 2010,
#1998