Penske Adds 500 Tractors Featuring Eaton's UltraShift

READING, Pa., May 8, 2013 – Penske Truck Rental announced today it is adding 500 new Freightliner semi-tractors to its commercial truck rental fleet featuring Eaton's UltraShift® PLUS Multipurpose High Performance (MHP) Automated Transmissions. Call 1-800-PENSKE-1 to rent one of these new vehicles.

“We're pleased to introduce this new automated transmission as a value-added feature for our commercial rental customers and their truck drivers,” said Penske's Don Mikes, Senior Vice President of Rental. “Smooth shifting automated transmissions offer fleet operators improved fuel economy and an added dimension of safety as the truck driver's hands stay on the wheel versus shifting manually.”

Built upon Eaton's robust Fuller 13- and 18-speed manual transmissions, the UltraShift PLUS Performance Series uses an electronic clutch actuator to provide faster shifting and smoother engagement. Intelligent shift selection software uses changes in grade, weight and throttle to calculate the most efficient and effective shift points. The UltraShift PLUS fully engages the clutch at idle, giving the driver ultimate control in challenging situations.

“We are pleased that Penske Truck Rental has chosen Eaton's UltraShift PLUS transmissions for these new additions to its fleet,” said John Coll, Vice President, Global Marketing for Eaton's Vehicle Group. “Commercial drivers, who rent these trucks will experience the benefits of our product that have helped make UltraShift PLUS automated transmissions a popular choice among professional drivers.”

With one of the newest rental truck fleets, Penske Truck Rental provides businesses with sleeper and day cab semi-tractors, straight trucks, flatbeds, refrigerated vans, trailers, and more. Penske rents the top brands of light-duty, medium-duty and heavy-duty commercial vehicles including Ford, GMC, Hino, Isuzu, Freightliner, International, Peterbilt, and Volvo. Penske also offers do-it-yourself movers well-maintained rental trucks as well as moving equipment, packing supplies, and accessories. Penske Truck Rental is one of the premier commercial truck rental providers in the industry operating a fleet of more than 50,000 units.

Penske Truck Rental is a business unit of Penske Truck Leasing. Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation, Penske Automotive Group and General Electric Capital Corporation. A leading global transportation services provider, PTL operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. 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. To learn more please visit www.GoPenske.com and our “Move Ahead” blog.

Eaton is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. A global technology leader, Eaton acquired Cooper Industries plc in November 2012. The 2012 revenue of the combined companies was $21.8 billion on a pro forma basis. Eaton has approximately 103,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com.