SAE Update - March 2019 - 28
SAE FOUNDATION
business, and that pressure helped fuel my
desire to succeed.
What is the proudest moment of your
career?
My career has many great memories, both
on and off the track. Off the track, the
purchase of my first car dealership in 1965
was a highlight. I would also point to
starting Penske Truck Leasing in 1969 (with
300 vehicles in service at the time, and
today it has almost 300,000), acquiring
Detroit Diesel from General Motors in 1988,
and acquiring a publicly traded auto retailer
in 1999 with a $125 million market cap and
growing that into a business with a $4
billion market value today.
On the track we have enjoyed a lot of
success. I would have to point to the
seventeen Indianapolis 500 championships,
our two Daytona 500 wins, our two
NASCAR Championships, and our first
Australian SuperCar Championship this
past year.
What compelled you to support and
revitalize the Detroit area?
It was an easy decision. Detroit was my
home in the early 1970s, and then again in
1988 when I purchased Detroit Diesel from
General Motors. I love Detroit.
Detroit had always been a strong and
vibrant city, but had fallen on tough times.
The city was experiencing talent drain-
28
March 2019
Penske named SAE Industry
Leadership Award recipient
where the graduates from our world-class
universities were leaving for other cities. We
were finding it difficult to attract talent,
which is the core of our business. Through
the efforts of the Ilitch family, Peter
Karmanos, Dan Gilbert, and many others,
the private sector came together with the
public to form a partnership to invest in
rebuilding the city. Today, we see new
development taking hold from these efforts
like new businesses, new hotels, shopping,
restaurants, and greater public safety.
At the same time, Detroit needed to count
on major events to bring people to the city to
generate economic benefit. It started with
the Super Bowl in 2006 and has continued
ever since. As the general promoter and race
organizer, we are very proud to bring the
Grand Prix to Belle Isle each year, partnering
with General Motors and Lear on a highexposure event for the city.
How do you see STEM education helping to
strengthen Detroit and the industry?
Detroit has always been at the forefront of
the automobile industry. As the
transportation industry continues to evolve
at a rapid pace, we need to make sure
Detroit and Michigan remain relevant in
vehicle design and engineering expertise.
There are 280 million vehicles on the road in
the U.S. alone, and hundreds of millions
more around the globe. Every day these
vehicles are replaced with new technology.
UPDATE
SAE Update - March 2019
Table of Contents for the Digital Edition of SAE Update - March 2019
SAE Update - March 2019
Contents
SAE Propel: All about volunteerism
Venkatesh joins SAE management team as Executive Vice President/COO
Experts sought for SAE Industrial Lecture Series
FISITA: Tools for your future in automotive
WCX brings future into focus
DOSSIER: Jay Meldrum of Michigan Technological University
Farewells
What’s happening in the Member Connection
Communicate your interest/passion
Workshop forges the next generation of auto cyber engineer
New Resource Guides for SAE professional development courses available online
Roger Penske named SAE Industry Leadership Award recipient
SAE Update - March 2019 - SAE Update - March 2019
SAE Update - March 2019 - Contents
SAE Update - March 2019 - SAE Propel: All about volunteerism
SAE Update - March 2019 - 3
SAE Update - March 2019 - 4
SAE Update - March 2019 - 5
SAE Update - March 2019 - Venkatesh joins SAE management team as Executive Vice President/COO
SAE Update - March 2019 - 7
SAE Update - March 2019 - Experts sought for SAE Industrial Lecture Series
SAE Update - March 2019 - FISITA: Tools for your future in automotive
SAE Update - March 2019 - WCX brings future into focus
SAE Update - March 2019 - 11
SAE Update - March 2019 - 12
SAE Update - March 2019 - 13
SAE Update - March 2019 - 14
SAE Update - March 2019 - 15
SAE Update - March 2019 - DOSSIER: Jay Meldrum of Michigan Technological University
SAE Update - March 2019 - 17
SAE Update - March 2019 - 18
SAE Update - March 2019 - Farewells
SAE Update - March 2019 - What’s happening in the Member Connection
SAE Update - March 2019 - 21
SAE Update - March 2019 - Communicate your interest/passion
SAE Update - March 2019 - 23
SAE Update - March 2019 - Workshop forges the next generation of auto cyber engineer
SAE Update - March 2019 - 25
SAE Update - March 2019 - New Resource Guides for SAE professional development courses available online
SAE Update - March 2019 - Roger Penske named SAE Industry Leadership Award recipient
SAE Update - March 2019 - 28
SAE Update - March 2019 - 29
SAE Update - March 2019 - 30
SAE Update - March 2019 - 31
SAE Update - March 2019 - 32
SAE Update - March 2019 - 33
SAE Update - March 2019 - 34
SAE Update - March 2019 - 35
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