Penske, headed by race-car legend Roger Penske, appears to be on the right track as a diversified transportation firm. Penske is a partner with GE Equipment Management in Penske Truck Leasing, a commercial truck rental operation with more than 200,000 vehicles at some 1,000 locations. Penske owns more than a third of publicly-traded auto dealer Penske Automotive Group (formerly United Auto Group), which runs 330-plus franchised dealerships in some 20 states, Puerto Rico, and the UK. Through Penske Motor it sells cars in California. Truck-Lite makes safety lights for boats, buses, cars, commercial trucks, construction equipment, and recreational vehicles. Roger Penske is the company's majority owner.