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Penske Corporation Completes Acquisition of Indianapolis Motor Speedway, IndyCar & IMS Productions

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NTT Indycar Series/IMS

SPEEDWAY, IN (Pittsburgh Racing Now) – Penske Corporation is now in charge of the Indianapolis Motor Speedway, the NTT Indycar Series and IMS Productions after closing on the sale of the entities from Hulman & Company, who have owned them since 1945.

Penske Corporation becomes just the fourth owner in the history of IMS. joining Carl Fisher, who built the track in 1909; Eddie Rickenbacker, who purchased IMS in 1927; and Tony Hulman.  Terms of the sale were not released.

“We are looking forward to carrying on the tradition of the Indianapolis Motor Speedway and IndyCar racing,” said Roger Penske, Chairman of Penske Corporation.  “We have been diligently working with the teams at IMS, IndyCar and IMS Productions over the last two months to ensure a smooth and productive transition and we are ready to hit the ground running.  Now, it’s time to get to work as we continue the growth of the Speedway and we build on the momentum of the NTT IndyCar Series.”

NTT IndyCar Series Teams took to Social Media to share the good news:

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The Indianapolis Motor Speedway has hosted the world’s largest, single-day sporting event – the Indianapolis 500 Mile Race – for more than 100 years.  The iconic venue has also hosted NASCAR, Formula One and other racing series throughout its stories history.

Penske Corporation is a transportation service company whose subsidiaries operate in a variety of industry segments with consolidated revenues of more than $32-billion in more than 3,200 locations and employing more than 64,000 people worldwide.

The 2020 NTT IndyCar Season starts on the streets of Florida with the Firestone Grand Prix of St. Petersburg March 13-15.

The 2020 racing season at Indianapolis Motor Speedway begins May 8 & 9 with the GMR Grand Prix on the IMS road course followed by the 104th running of the Indianapolis 500 on May 24.  Tickets are available at indianapolismotorspeedway.com.

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Chip Ganassi Racing unveils Alex Palou’s No. 10 DHL Honda

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Photo: Chip Ganassi Racing

INDIANAPOLIS, IN (Pittsburgh Racing Now) – Chip Ganassi Racing unveiled the livery for two-time and reigning NTT INDYCAR SERIES Champion Alex Palou’s DHL Honda on Tuesday.  DHL signed on as the primary sponsor this off-season in a multi-year partnership with the team.

The No. 10 car will carry the familiar yellow of DHL’s branding but adds a splash of red that has been synonymous with the Ganassi team for decades.

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“As everybody can see, this is quite the amazing livery,” said Palou. “The No. 10 DHL Honda looks very aggressive, and it will certainly stand out on the track, which is great. I can’t wait to start the season with a run in this livery at Sebring before we kick things off in St. Pete. It’s looking like the perfect livery to try to defend our title in 2024 and I cannot wait to deliver on-track here soon.”

The NTT INDYCAR SERIES season-opening Firestone Grand Prix of St. Petersburg presented by RP Funding takes place March 8-10 on the streets of St. Pete.

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DHL joining Chip Ganassi Racing as primary sponsor for No. 10 Honda and Alex Palou

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INDIANAPOLIS, IN and PLANTATION, FL (Pittsburgh Racing Now) – Chip Ganassi Racing and DHL Express are teaming up in a new multi-year partnership that will see DHL become the official logistics partner of the 15-time NTT INDYCAR SERIES Champions and the primary sponsor of two-time and reigning Series Champion Alex Palou and the No. 10 Honda team.

“I am extremely proud to welcome DHL to the Chip Ganassi Racing family,” said Chip Ganassi. “It is an honor to partner with an organization that shares our fundamental values of teamwork, growth, responsibility, and the pursuit of excellence. Together, we are committed to embodying those values both on and off the racetrack. I am looking forward to Alex and the No. 10 team defending their 2023 title with DHL on board. The road ahead holds great promise and potential, and I can’t wait to get started.”

DHL is the leading global brand in the logistics industry and one of the most international companies, with about 395,000 employees in more than 220 countries and territories worldwide.

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“We’re thrilled to partner with Chip Ganassi Racing, an organization that has a rich history of success, deeply rooted in principles shared by DHL, such as a commitment to supporting the communities we call home, and the relentless pursuit of excellence by investing in our people who embody speed, passion, and dedication,” said Mike Parra, CEO of DHL Express Americas and Head of Global Sponsorships. “As we sponsor this winning motorsports team with Alex Palou behind the wheel, we look forward to many winning moments both on and off the track in the months and years to come.”

“It’s super exciting to announce our new partnership with DHL, a global leader in logistics. Representing such a successful and widely recognized brand is a true honor,” said Palou. “Their iconic yellow and red colors not only stand out, but they also remind me of my native Spain’s colors. As our team looks back at our remarkable success last year, we are eager to carry that momentum forward and aim for a third title with the support of DHL. I am especially thrilled to hit the ground running alongside the dedicated men and women of our 10-car crew in 2024.”

Palou, the No. 10 team will kick-off the 2024 NTT INDYCAR SERIES season March 10th at the Firestone Grand Prix of St. Petersburg.

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Racing Notebook: DHL partners with Ganassi; Hunt Bros partners with Penske and more

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(Pittsburgh, PA) – 2024 partnership programs a coming together as two of the biggest names in racing, Ganassi and Penske, each announce new deals plus PPMS announces their plans for the new year and Henessey Performance packs some punch for GM fans in today’s Racing Notebook.

DHL Partners with Ganassi and Palou

  • DHL and Chip Ganassi Racing are teaming up for a new partnership.  DHL becomes the primary sponsor of the No. 10 Chip Ganassi Racing Honda and two-time NTT IndyCar Champion Alex Palou.  DHL express also becomes the Official Logistics Partner of the 15-time Championship team. “I am extremely proud to welcome DHL to the Chip Ganassi Racing family,” said Chip Ganassi. “It is an honor to partner with an organization that shares our fundamental values of teamwork, growth, responsibility, and the pursuit of excellence.”
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Hunt Brothers Pizza Partners with Penske, Logano, Blaney

  • Team Penske and Hunt Brothers Pizza are teaming up in multi-year deal that will feature the convenience store pizza brand on the No. 22 Team Penske Ford Mustang driven by two-time NASCAR Cup Series (NCS) Champion Joey Logano for select races beginning in 2024. Hunt Brothers Pizza will also be an associate sponsor on defending NASCAR Cup Series Champion Ryan Blaney’s No. 12 Ford Mustang for the 2024 season.

PPMS Announces 2024 Schedule

  • Pittsburgh’s Pennsylvania Motor Speedway is planning a 29-race schedule for 2024 with an opening day St. Patrick’s Day Weekend.  The highlight of the schedule is the expansion of the Pittsburgher weekend to a 2-day event for the Lucas Oil Dirt Late Model Series battling for almost $200,000!
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