Subsidy Tracker Parent Company Summary
Parent Company Name:
Penske Truck Leasing
Ownership Structure:
joint venture (owned by Penske Corporation, Penske Automotive Group, GE Capital and Mitsui)
Headquartered in:
Pennsylvania
Major Industry:
miscellaneous services
Specific Industry:
truck leasing
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $3,347,146 | 5 |
| Federal (grants and allocated tax credits) | $800,000 | 2 |
| TOTAL | $4,147,146 | 7 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
Time Period for State and Local Awards:
Earliest year of data: 2001. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2012.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
PENSKE LOGISTICS; PENSKE TRUCK LEASING
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Michigan | $2,500,000 | 1 |
| California | $538,222 | 2 |
| Arizona | $306,934 | 1 |
| Oregon | $1,990 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Penske Logistics | Michigan | state | 2018 | $2,500,000 | tax credit/rebate | |
| PENSKE TRUCK LEASING CO., L.P. | United States | federal | 2015 | $400,000 | federal grant | |
| PENSKE TRUCK LEASING CO., L.P. | United States | federal | 2017 | $400,000 | federal grant | |
| PENSKE TRUCK LEASING COMPANY, LP | California | state | 2011 | $361,565 | training reimbursement | |
| Penske Truck Leasing Co | Arizona | state | 2011 | $306,934 | training reimbursement | |
| PENSKE TRUCK LEASING COMPANY, LP | California | state | 2014 | $176,657 | training reimbursement | |
| Penske Truck Leasing | Oregon | state | 2012 | $1,990 | tax credit/rebate | |
| Penske Truck Leasing Company, LP | California | state | 2009 | undisclosed | training reimbursement | |
| PENSKE LOGISTICS | Michigan | local | 2001 | undisclosed | property tax abatement | |
| PENSKE TRUCK LEASING COMPANY, LP | California | state | 2012 | undisclosed | training reimbursement | |
| Penske Truck Leasing | California | local | 2012 | undisclosed | enterprise zone | |
| Penske Truck Leasing, Co. | Massachusetts | state | 2015 | undisclosed | tax credit/rebate |
