Penske Corporation is a Bloomfield Hills, Michigan-based, closely-held, diversified transportation services company. Auto racing legend Roger Penske serves as Chairman, and Rob Kurnick as President. In 1985, Penske acquired Hertz's Truck Rental division to form Hertz/Penske Truck Rental. In 1992, "Hertz" was dropped and it became Penske Truck Rental. On June 5, 2009, it was announced that Penske would purchase the Saturn brand and its assets from the bankrupt General Motors. On 9/30/2009 Penske announced that it would no longer acquire Saturn from GM due to manufacturing uncertainties.