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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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Josef Newgarden puts the PPG colors in victory lane at Road America

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Penske Entertainment: Chris Owens

ELKHART LAKE, WI (Pittsburgh Racing Now) – Josef Newgarden leapfrogged leader Alexander Rossi during green flag pit stops and held off a hard-charging Marcus Ericsson late in the race to win Sunday’s NTT INDYCAR SERIES Sonsio Grand Prix at Road America.

The victory was Newgarden’s third of the year and came with a $1-million dollar bonus from PeopleReady.  The bonus went to the first driver to win on an oval (Texas) a street course (Long Beach) and a road course (Road America).  The money will be spit with half going to Newgarden and Team Penske and the other half to charities of Newgarden’s choice.

“To finally get it done and most importantly to give that money to charity, half of that money is going to charity with SeriousFun Network and Wags and Walks Nashville,” said Newgarden. “I hope they’re happy about it, that’s a lot of money coming their way.”

Newgarden started second and tucked in behind Rossi, the pole sitter, for the first 14-laps when the first round of green flag pit stops took place.  Newgarden’s No. 2 PPG Chevy crew got the two-time Series Champion out ahead of Rossi and as the rest of the field completed their stops.  Newgarden inherited the lead.

“You’ve got to be on your toes at all times (in this series),” said Newgarden. “You can go in with a plan, but you probably have to change your plan 90 percent of the time once the race starts to unfold.”

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Indianapolis 500 winner Marcus Ericsson finished second in the No. 8 Huski Chocolate Chip Ganassi Racing Honda after passing Rossi on a late restart.  The runner-up finish came despite Ericsson making contact with his teammate, and defending Series Champion, Alex Palou while racing for third in Turn 5 on Lap 4.

“First of all, I’m really sorry,” Ericsson said. “You never want to have contact with a teammate. From my point of view, the door was open, and I was already side by side. If you see a gap, you go for it. It’s important at the beginning of the race to get track position.”

Ericsson regained the points lead with the second place finish and sits 27-points ahead of 2nd place Will Power (293-266).  Power, last week’s winner at Detroit, finished 19th after rookie Devlin Defrancesco punted Power into the Turn 5 wall early in the race.

The next NTT INDYCAR SERIES race is The Honda Indy 200 at Mid-Ohio presented by the All-New Civic Type R on Sunday, July 3 (noon ET, NBC, Peacock Premium, INDYCAR Radio Network).  Mid-Ohio is the closest track to Pittsburgh that the NTT INDYCAR SERIES races.

INDYCAR Road America Results

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IndyCar

Racing Notebook: Rossi on INDYCAR pole; Larson on Cup pole; Busch wins Truck Race

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Penske Entertainment

Sunday’s Racing Notebook has details on the starting lineups for the NTT INDYCAR SERIES race at Road America and the NASCAR Cup Series race at Sonoma as well as Kyle Busch winning another truck series race>

Rossi on INDYCAR Series Pole:

  • Andretti Autosports Alexander Rossi earned his first NTT INDYCAR SERIES pole position in three years by beating Team Penske’s Josef Newgarden in knockout-style qualifying for Sunday’s race at Road America.  Rossi’s fast lap of 1 minute, 44.8656 seconds edged Newgarden’s 1:44.9371 in the No. 2 PPG Chevrolet. Defending series champion Alex Palou, who led the final warmup session on Saturday afternoon, qualified third at 1:45.3822 in the No. 10 American Legion Chip Ganassi Racing Honda. Teammate and 2022 Indianapolis 500 winner Marcus Ericsson joins Palou in the second row after his best lap of 1:45.4240 in the No. 8 Huski Chocolate Chip Ganassi Racing Honda. Road America INDYCAR Lineup
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Larson Leads Hendrick Cup Series Front Row:

  • Hendrick Motorsports Kyle Larson is on the pole position for Sunday’s NASCAR Cup Series race at Sonoma.  Larson’s fast lap of 92.111 mph (1m70.776s) edged teammate Chase Elliott’s 92.083 mph in the No. 9 NAPA Chevrolet.  Roush Fenway Keselowski Racing’s Chris Buescher qualified third at 91.919 mph after missing last week’s race due to Covid-19. Michael McDowell starts fourth after posting a fast lap of 91.916. Sonoma Cup Lineup

Kyle Busch Wins Truck Series Race:

  • Kyle Busch held off Zane Smith to earn his first NASCAR Camping World Truck Series victory of the year Saturday at Sonoma.  The win extended his record career total to 62 series victories and a streak of 10 consecutive years with at least one series win.  Busch led 45 of the 75 laps in the victory.  Wexford’s Kris Wright finished 26th in the No. 44 FNB Chevrolet after starting 30th in his first race at Sonoma. Sonoma Truck Results
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Will Power wins INDYCAR Chevrolet Detroit Grand Prix in finale at Belle Isle

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Penske Entertainment: Chris Owens

DETROIT, MI (Pittsburgh Racing Now) – Team Penske’s Will Power is enjoying the spoils of winning Sunday’s Chevrolet Detroit Grand Prix at the Raceway at Belle Isle, just one year later than he thought he would.

Power used a two-stop strategy and held off a hard-charging Alexander Rossi to win by one-second, one year after Power’s Verizon 5G Chevrolet would not re-start following a red flag while he was leading.

Power started 16th in the field on the primary ‘black’ Firestone tires and used them during his first two stints and then switched to the ‘red’ alternate tires for the last stint and was able to hold on for the win.

“For one, I didn’t have to have a blistering outlap and destroy the tire,” explained Power. “I was very conscious and drove it very straight and very focused. I could have pushed at the end; they (the tires) didn’t like die. It was a job well done by the team.”

The victory was the 41st of Power’s career and the win also gives him the Championship points lead, by three points over Chip Ganassi Racing’s Marcus Ericsson, heading to next weekend’s race at Road America.

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Rossi started the race on the faster but quicker-wearing alternate ‘red’ Firestone tires and was the first to hit pit road to get them off and employ a three-stop strategy.  Rossi drove like a man possessed the rest of the way and it almost worked.

“One more lap and it might have been a different story,” said Rossi.  “But it was a good day for the team and for Honda. We come here with the fastest car every year, but can’t seem to get a win. Will obviously did an amazing job, so we’ll take second and move on to Road America.”

Chip Ganassi Racing’s Scott Dixon started 9th on the primary Firestone tires but opted for the alternate tires during his second stint and finished the race back on the primary Firestones.

“That was a decent run for us,” said Dixon. “I feel like we were maybe a little too conservative on the opening stint. Congratulations to Will, he drove a fantastic race.”

IndyCar Detroit Results

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