IndyCar
Penske Corporation Buying IndyCar And Indianapolis Motor Speedway from Hulman & Company
INDIANAPOLIS, IN (Pittsburgh Racing Now) – The winningest car owner in the history of the Indianapolis 500 is buying the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions.
The Board of Directors of Hulman & Company announced on Monday that it has entered into an agreement to be acquired by Penske Corporation, a global transportation, automotive and motorsports leader. Penske Entertainment Corp., a subsidiary of Penske Corporation, will acquire the track, series and production company following government approvals.
“The Indianapolis Motor Speedway has been the centerpiece and the cathedral of motorsports since 1909 and the Hulman-George family has proudly served as the steward of this great institution for more than 70-years,” said Tony George, Chairman of Hulman & Co. “Now we are honored to pass the torch to Roger Penske and Penske Corporation, as they become just the fourth owner of the iconic Speedway. There is no one more capable and qualified than Roger and his organization to lead the sport of IndyCar racing and the Indianapolis Motor Speedway into the future.”
George and his family recently decided that it was time to sell the Speedway and reached out to Penske following the conclusion of the 2019 IndyCar season. The acquisition by the Penske organization will carry the future of the legendary Speedway and the Indycar Series forward for the next generation of racing fans.
“My passion for racing began at the Indianapolis Motor Speedway in 1951 when I attended the Indianapolis 500 with my father,” said Penske. “We have so much respect and appreciation for the history and tradition of the Speedway and the sport of IndyCar racing. I want to thank Hulman & Company for the opportunity to build on this legacy and it will be an honor for Penske Corporation to help lead these great institutions forward into a new era.”
Penske Corporation has a history of managing major motorsports properties, beginning with the acquisition of Michigan International Speedway from bankruptcy in 1973. Penske and its subsidiaries also operated the Grand Prix of Cleveland, Nazareth Speedway and California Speedway. Penske Corporation currently operates and promotes the Detroit Grand Prix at the Belle Isle Park street circuit.
Carl Fisher built the Indianapolis Motor Speedway in 1909. Eddie Rickenbacker purchased the Speedway in 1927 before selling it to Tony Hulman and Hulman & Company in 1945.
The announcement comes one year-and-a-day after the passing of Mari Hulman George, the only daughter of Tony Hulman and Mary Fendrich Hulman. Mari Hulman George, Tony George’s mother, passed away November 3, 2018.
Penske expects the sale to close in January of 2020.
IndyCar
Newgarden Continues Short Oval Reign With WWTR Win
MADISON, IL (Sunday, June 7, 2026) – The king of World Wide Technology Raceway has returned to his throne.
Josef Newgarden won for the sixth time in 11 starts at the 1.25-mile oval just across the Mississippi River from St. Louis, enduring two rain delays during the race Sunday night to win a feverish, fascinating Bommarito Automotive Group 500 presented by Axalta and Valvoline. The victory was Newgarden’s second this season, as he also won in March at the 1-mile Phoenix Raceway oval.
SEE: Race Results
The two-time NTT INDYCAR SERIES champion has captured 15 of his 34 career victories on ovals shorter than 1.5 miles. This win came as he was still recovering from a lower leg injury suffered two weeks ago in the 110th Indianapolis 500 presented by Gainbridge.
“Great job to the group,” Newgarden said. “Just a methodical night. We had a good car to start. It wasn’t perfect, but it really came to us just when we needed it. It was a track position day.”
Newgarden, who started eighth, drove his No. 2 Astemo Team Penske Chevrolet to victory by .6613 of a second over the No. 28 Delaware Life Honda of fellow Indianapolis 500 winner Marcus Ericsson, who still managed a season-best finish. Christian Rasmussen finished a season-best third in the No. 21 Splenda Chevrolet of ECR.
Rinus VeeKay continued the trend of season-best finishes by ending up fourth in the No. 76 Juncos Hollinger Racing Chevrolet, with Scott McLaughlin rounding out the top five in the No. 3 DEX Team Penske Chevrolet that featured a throwback livery honoring the 2009 Indianapolis 500-winning car driven by Helio Castroneves.
Newgarden took the lead for good on Lap 221 after a spirited duel with Rasmussen that began almost immediately after a restart on Lap 212. Rasmussen dove under Newgarden in Turn 1 for the lead on Lap 215, but Newgarden drove past Rasmussen in Turn 3 for the top spot on Lap 219.
One lap later, Rasmussen again drove under Newgarden for the lead in Turn 1, one of his race-high 38 on-track passes. But Newgarden countered again in Turn 3 one lap later for a lead he would not surrender. It was the most decisive of an event-record 268 passes for position in this frantic race.
Ericsson sped under Rasmussen for second in Turn 3 on Lap 225 and set his sights on Newgarden. But one lap later, a plume of smoke trailed from the No. 4 Combitrans Amazonia Chevrolet fielded by A.J. Foyt Enterprises for Caio Collet, who was enjoying the best race of his rookie season by leading seven laps and running consistently in the top five in the second half of the race.
That triggered the last of four caution periods, with another wrinkle to concern Newgarden and the lead pack. A host of trailing cars entered the pits for fresh Firestone Firehawk tires, while the top eight cars stayed out.
McLaughlin made a spirited charge toward the front on the restart on Lap 234, climbing from ninth to fifth in just four laps. But the Kiwi and the other cars that pitted for tires didn’t have enough traction from the fresher rubber or speed to challenge the top four down the stretch.
Meanwhile, Newgarden maintained a gap of around one-half of a second over Ericsson over the closing 10 laps and never was threatened.
“You’ve got to give a lot of credit to Marcus,” Newgarden said. “I thought he was incredibly strong. I don’t really think there was much between us, so it was a matter of who was going to get position on each other, and that was going to seal the deal. He drove a great race.”
Said Ericsson, seeking his first win since March 2023 at St. Petersburg: “I’m very proud of our performance, but at the same time it’s tough to lead that many laps … I thought we had it at some points, but Josef is the best in the business on these short ovals.”
Two red-flag periods totaling 50 minutes kept strategists’ heads spinning on the pit wall as various permutations and fuel options were considered.
Chip Ganassi Racing rolled the dice earlier in the race by calling NTT P1 Award winner Alex Palou and his teammate Scott Dixon to the pits to top off fuel as soon as the pits opened after the first red flag period, which lasted 38 minutes. The hope was to get enough caution to need one fewer fuel stop than rivals or be out front when a race-ending rain shower arrived.
But neither happened, and Palou paid the price dearly.
The four-time series champion entered the pits on Lap 203, two laps after Dixon had to enter a closed pit for emergency service as his No. 9 PNC Bank Chip Ganassi Racing Honda was running out of fuel. Palou’s No. 10 HRC Chip Ganassi Racing Honda sputtered when it entered the pit lane and ran out of fuel, and he was forced to coast to his pit box for a stop made even longer when his engine wouldn’t refire.
Palou’s car restarted, and he returned to the track to finish 17th. The two short oval races this season have been Palou’s Achilles’ heel. He finished 24th after contact in March at Phoenix, and that result and tonight’s disappointing showing are his only finishes outside of the top seven all season.
Reigning series champion Palou’s lead in the standings was trimmed to 49 points over Kyle Kirkwood, who finished sixth in the No. 27 Sam’s Club Honda of Andretti Global.
The next NTT INDYCAR SERIES race is the XPEL Grand Prix at Road America on Sunday, June 21 at Elkhart Lake, Wisconsin.
IndyCar
Alex Palou wins fourth straight pole position at World Wide Technology Raceway
MADISON, IL (June 6, 2026) – Alex Palou and the No. 10 Chip Ganassi Racing team are continuing to lay down fast laps when it counts with Palou earning the pole position for Sunday’s NTT IndyCar Series Bommarito Automotive Group 500 at World Wide Technology Raceway. The pole position is Palou’s fourth straight NTT P1 Pole award.
“It was incredible and so much fun, especially that first lap,” said Palou, who turned a two-lap average speed of 174.353 mph in the No. 10 HRC Chip Ganassi Racing Honda. “The #10 Honda Honda had so much speed. The team I have around me is incredible. My car was on rails today; it was incredible.”
David Malukas starts second in the No. 12 Verizon Team Penske Chevrolet after a two-lap average of 173.244 mph. Malukas could only look on in disbelief as Palou knocked him off the pole.
Andretti Global’s Kyle Kirkwood starts third in the No. 27 Sam’s Club Honda following a two-lap average of 173.206 mph.
“ It was a good run for us,” said Kirkwood, the 2025 WWWT Raceway winner. “P3 is a really good starting spot and we can definitely do some great things from there. Last year we won from 10th, so it’s nice to be able to be at the front.”
2026 Indianapolis 500 presented by Gainbridge winner Felix Rosenqvist starts fourth in the No. 60 SiriusXM Meyer Shank Racing w/Curb Agajanian Honda.
Team Penske’s Scott McLaughlin will start 5th in the No. 3 Dex Imaging Chevrolet.
Palou’s Chip Ganassi Racing teammate Scott Dixon starts 7th in the No. 9 PNC Bank Honda and CGR’s Kyffin Simpson will start 14th in the No. 8 Sunoco Honda.
Television coverage of Sunday’s Bommarito Automotive Group 500 begins at 8 PM CT / 9 PM ET on Fox. Complete, flag-to-flag race coverage also will be available on the INDYCAR Radio Network, and SiriusXM INDYCAR Nation (Channel 160).
IndyCar
Alex Palou wins IndyCar Detroit Grand Prix
DETROIT, MI (May 31, 2026) – Alex Palou is back in victory lane after winning Sunday’s NTT IndyCar Series Chevrolet Detroit Grand Prix, his fourth win of 2026 and 12th win in his past 25-races.
“It was a tough one,” said Palou. “The team did an incredible job one again with the strategy. Pit stops were incredible. The number 10 Honda Honda looked really good and I think every time it has been on track it’s had a win.”
Palou and the No. 10 HRC Chip Ganassi Racing Honda fought off Andretti Global’s Kyle Kirkwood on two late-race restarts as Palou was on the harder Firestone Primary tire and Kirkwood was on the softer Firestone alternate tire.
“It was very tough with the temperature on the tires,” explained Palou. “On the restarts I couldn’t really be at the level of Kirkwood, Power and some of the guys who were able to get a little more tire temp than I Wass able to.”
“The Sam’s Club Honda was really fast,” said Kirkwood, who is second to Palou in the Championship. “We took a little bit of a gamble on tires there being the only guy on reds (alternate) at the end. It nearly paid off. It was so, so, close. They’re a great team and he’s a great driver.”
Rahal Letterman Lanigan’s Graham Rahal finished third in the No. 15 Fifth Third Bank Honda, tying Rahal’s best finish of the year.
“We had a lot of pace when we needed it,” explained Rahal. “We go lucky a little bit with the yellow.”

