Penske Opens New Truck Rental and Leasing Office in Melbourne, Australia

READING, Pa., Feb. 25, 2015 — Penske Truck Leasing ("Penske") has opened a new truck rental and full-service truck leasing office in Melbourne, Australia, located at 488 Blackshaws Road, Altona North, Victoria 3025. The hours are Monday through Friday 8 a.m. to 5 p.m. and Saturdays from 8 a.m. to noon. For truck rental and leasing information call 1-300-GO-PENSKE or visit www.pensketruckrental.com.au. The new office is co-located within the Penske Power Systems facility (formerly MTU Detroit Diesel), a subsidiary of Penske Automotive Group, Inc.

"We have seen a positive response to our truck rental and leasing services since opening in August 2014," said Don Mikes, Senior Vice President of Truck Rental for Penske. "This is our second office in Australia and we anticipate opening three additional locations over the next 12 months."

Penske currently operates an expanding commercial truck rental fleet of late-model prime movers from MAN and Western Star. The newly opened Melbourne location rents MAN TGS 540 and TGS 480 6x4 sleepers (b-double rated), Western Star 5800 6x4 sleepers (b-double and road train rated), and new to its fleet offering at the Melbourne location are Freightliner Coronado 6x4 day cabs (b-double rated).

In addition to commercial truck rental, Penske has also introduced full-service truck leasing that provides trucking companies with custom vehicle specifications, vehicle acquisition, routine preventive maintenance, over-the-road breakdown service and vehicle legalization. In Australia, Penske Truck Leasing offers a wide array of vehicle types for full-service leasing from MAN, Freightliner and Western Star.

Penske Truck Leasing has provided full-service leasing, fleet maintenance and truck rentals to commercial truck fleets in North America for 46 years. The company presently operates and maintains a fleet of more than 200,000 vehicles in North America.

About Penske Truck Leasing
Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., USA, is a partnership among Penske Corporation, Penske Automotive Group and General Electric Capital Corporation. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe, Asia, and Australia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit www.GoPenske.com to learn more.

About Penske Automotive Group
Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates retail automotive and commercial vehicle dealerships principally in the United States and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 21,000 people worldwide and is a member of the Fortune 500 and Russell 2000. Visit www.PenskeAutomotive.com for more information.

Penske Power Systems
Penske Power Systems, a subsidiary of Penske Automotive Group, is a leading distributor of diesel and gas engines and power systems, representing some of the most innovative and well-respected brands in the industry, including MTU, Detroit Diesel, Mercedes-Benz Industrial, Allison Transmission and MTU Onsite Energy. Penske Power Systems offers products across the on- and off-highway markets in Australia, New Zealand and the Pacific – including trucking, mining, power generation, construction, industrial, rail, marine, agriculture, oil & gas and defense and supports full parts and aftersales service through a network of branches, field locations and dealers across the region.