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May 2, 2013 /PRNewswire-USNewswire/ -- Penske Truck Leasing has established the
Penske Truck Leasing Diesel Excellence Scholarship through the
Universal Technical Institute (UTI) Foundation. The new scholarship program is being established through a gift of
$100,000 to the UTI Foundation and is intended for students attending any of the
Universal Technical Institute's eight campuses across the country that offer an auto diesel-training program.
"Well-trained technicians play an absolutely critical role in the success of our customers," said Penske Truck Leasing President and CEO
Brian Hard. "We are pleased to collaborate with
Universal Technical Institute. The UTI program provides students with a solid foundation in the core skills needed to maintain today's advanced diesel engines."
The Penske Truck Leasing Diesel Excellence Scholarship will be awarded each quarter to up to three students. Each
$3,000 scholarship will help to offset education expenses for qualifying UTI students who apply and meet the scholarship's requirements, which include a written application and 3.5 GPA or higher.
"The UTI Foundation is thrilled to partner with Penske Truck Leasing on this important scholarship," said
Veronica Meury, UTI Foundation Vice President and Executive Director. "According to the U.S. Department of Labor, Bureau of Labor Statistics, employment of diesel service technicians and mechanics is expected to grow 15 percent between now and 2020. The Penske Truck Leasing Diesel Excellence Scholarship will help to train diesel repair technicians to receive the technical education they need to follow their passion and pursue successful careers while meeting this emerging workforce need."
The Penske Truck Leasing scholarship program will begin in summer 2013 with the first application deadline of
June 15, 2013. For more information about the Penske Truck Leasing Diesel Excellence Scholarship, visit the UTI Foundation website:
About UTI FoundationThe UTI Foundation, a 501(c)(3) Arizona nonprofit, is the umbrella organization for all Universal Technical Institute, Inc. (NYSE: UTI) not-for-profit initiatives and is dedicated to raising funds to support and encourage technical education for the automotive, diesel, collision repair, motorcycle, marine, NASCAR and other transportation industries through scholarships, grants, career development and other special programs. For more information, visit
About Universal Technical InstituteHeadquartered in
Universal Technical Institute, Inc. (NYSE: UTI) is the leading provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. With more than 160,000 graduates in its 47-year history, UTI offers undergraduate degree, diploma and certificate programs at 11 campuses across
the United States, as well as manufacturer-specific training programs at dedicated training centers. Through its campus-based school system, UTI provides specialized post-secondary education programs under the banner of several well-known brands, including
Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR Tech).
About Penske Truck LeasingPenske 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, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in
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 about Penske's products and services please visit
http://www.GoPenske.com and our
"Move Ahead" blog. Penske on social media:
CONTACT: Sue Cardillo McMahon & Cardillo O: 412-921-6222 x3C: 412-287-6752 Randy RyersonDir., Corp. Comm. Penske Truck Leasing 610-775-6408
SOURCE Universal Technical Institute Foundation