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Penske Touts Shorter Term Leasing Deals In Unusual Public Statement
Wednesday, April 29, 2020 - 10:37am | 747Penske Truck Leasing likes its new incentive program so much that the company did something it doesn't appear to have done for at least 10 years. It put out a press release on it. Signaling an aggressive stance in the market for leasing trucks, Penske announced on April 27 a "Get Back to Business...
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TMC20: Penske Buys Three Class 8 Electric Hybrids From Hyliion
Monday, February 24, 2020 - 2:03pm | 560With most of the attention in green trucking going to fully electric powertrains, diesel-electric hybrids don't get much notice. Here's an exception – Hyliion Inc., a leader in upfitting Class 8 trucks to run on dual fuel sources, will provide three of its 6X4HE heavy-duty models to Penske Truck...
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NFI, Penske Reach Electric-Driving Milestones With Freightliner Test Trucks
Friday, December 6, 2019 - 9:42am | 935The hype surrounding zero-emission electric trucks is evolving into real-world results for two major freight haulers. Penske Logistics (NYSE: PAG) claimed Dec. 3 it was the first to cross the 10,000-mile threshold. NFI industries told FreightWaves on Dec. 5 it is approaching 14,000 miles on...
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Penske Truck Leasing Adds Electric Yard Tractor To Its Demonstration Fleet
Thursday, October 3, 2019 - 12:57pm | 369Penske Truck Leasing added another battery-electric truck to its demonstration showcase as it prepares to transition from diesel-powered trucks to meet California's strict emission requirements. The company in April opened commercial heavy-duty electric vehicle charging stations with 14 high-speed...
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Hino Delivers Milestone Model To Penske Truck Leasing
Friday, August 23, 2019 - 5:02pm | 338Hino Motors Manufacturing U.S.A. Inc. is investing an additional $40 million and hiring 250 new workers to keep up with increased demand and product configurations at its new medium- and heavy-duty truck plant in West Virginia. The Novi, Michigan-based subsidiary of Japanese truck maker Hino...
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Penske Opens Heavy-Duty Electric Charging Stations
Wednesday, April 24, 2019 - 3:58pm | 554Penske Truck Leasing has opened commercial heavy-duty electric vehicle charging stations with 14 high-speed chargers at four of its existing facilities in Southern California. The company's short-term plan includes adding at least six more chargers, bringing the total number to 20. According...
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Penske Auto And Nissan Sign Deal To Sell Smart-Branded Cars
Wednesday, October 6, 2010 - 9:41am | 262On Wednesday, Penske Automotive Group (NYSE: PAG) formed a non-binding agreement with Nisson Motor Co. (NYSE: NI) to sell a Nissan manufactured car in the U.S. under the Smart car brand. Penske already sells the tiny two-passenger Smart ForTwo minicar made by Daimler AG, and is interested in a...