Penske Commercial Leasing Australia is a venture of Brisbane, Australia-based Penske Commercial Vehicles and U.S.-based Penske Truck Leasing, Co., L.P. that offers commercial rental and leasing services of MAN, Freightliner, and Western Star prime movers in Australia. 1300 GO PENSKE The venture does business as Penske Truck Leasing Australia and Penske Truck Rental Australia. This collaboration combines Penske Truck Leasing's extensive fleet operations expertise with the market knowledge of Penske Commercial Vehicles. Penske Commercial Vehicles, is a wholly-owned subsidiary of Penske Automotive Group (NYSE: PAG). Founded in 1969, Penske Truck Leasing, Co., L.P. is one of the premier truck rental and leasing brands in North America. The company operates and maintains among the largest truck fleets in the world consisting of more than 260,000 vehicles and it employs approximately 30,000 people worldwide.