#truck-leasing
(4 articles)Penske Automotive goes private in $212/share buyout deal
Penske Automotive Group has accepted a buyout offer from two of its current owners: Penske Corp (which will hold 64% post-acquisition) and Mitsui & Co. Ltd. The transaction values the company at $212
Feds Charge Trucker in $105M Ponzi Scheme Targeting 765 Investors
Federal prosecutors have charged Kristopher Lunsford with operating a $105 million investment fraud scheme targeting hundreds of individuals seeking passive income through semi-truck leasing arrangeme
Ryder Powers Q2 Earnings with Used Vehicle Sales Surge
Ryder System Inc. delivered a solid Q2 2026 performance driven substantially by improved used vehicle sales pricing, with tractors averaging 3% higher prices and trucks reaching 6% year-over-year gain
Penske Automotive Takeover: What It Means for Truck Leasing
Penske Corporation (52% owner) and Mitsui & Co. (20.3% owner) have announced a takeover bid to acquire the remaining 27.8% of publicly traded Penske Automotive Group for $210 per share, valuing the co