- Penske Truck Leasing has ordered 750 all-electric Ford Motor Co F E-transit cargo vans. The financial terms were not disclosed.
- Penske Truck Leasing is owned by Penske Corporation, Penske Automotive Group Inc PAG, and Mitsui & Co Ltd MITSY.
- The company will take delivery of its first several vehicles in the next several weeks.
- Penske's first Ford E-Transit vehicles will be made available in Southern California, with other locations around the U.S. following suit later in the year.
- The Ford E-Transit all-electric cargo van has an estimated range of 126 miles.
- "We're excited to help bring these new vehicles to market as both a rental and full-service lease option for our customers," said Art Vallely, president of Penske Truck Leasing.
- Price Action: PAG shares are trading lower by 0.16% at $96.40 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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