Despite IndyCar’s modest progress in recent years, it still faces significant obstacles, including the need for more corporate sponsorships, a broader fan base and higher TV ratings.
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Tony George turned to racing legend Roger Penske after deciding he was uneasy striking a deal with media giant Liberty Media, sources said.
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A deal that will make Penske Corp. the owner of Indianapolis Motor Speedway and the IndyCar Series received overwhelmingly positive reactions from motorsports insiders on Monday morning.
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The England-based company plans to return to full-time IndyCar competition next season for the first time since 1979 in a partnership with existing team Arrow Schmidt Peterson Motorsports.
Read MorePopular auto racer James Hinchcliffe, who was abruptly ousted from his IndyCar team in October, has secured a corporate sponsorship that will allow him to drive in two races in May, including the Indy 500.
This is the first entry into IndyCar for Huski Chocolate, a company headquartered in Stockholm that already does business in Formula One with McLaren and with the English soccer club Millwall.
The sale puts Roger Penske in charge of the Indianapolis Motor Speedway, the open-wheel series that is built around the Indy 500 and the track’s esteemed production group.
The abrupt sackings of four-time series champion Sebastien Bourdais and popular veteran James Hinchcliffe has made for an offseason of distasteful business decisions that has contributed to a rapidly changing landscape in a series trying to make a comeback.
The 110-year-old speedway is one of the most famous venues in sports and home of the Indianapolis 500, a showcase event with a long history.
Arrow McLaren SP officially named Indy Lights champions Pato O’Ward and Oliver Askew as its drivers for 2020 on Wednesday, leaving popular IndyCar veteran James Hinchcliffe without a ride.
The late timing of the McLaren decision puts popular IndyCar driver James Hinchcliffe in a difficult position for finding a consistently competitive ride.
Drivers Scott Dixon and Will Power both said IndyCar’s new aeroscreen was fit for racing during the first extensive test session for the cockpit protection that will debut next season.
The vision for the series is very simple right now: Revisit what made racing Indy cars so very popular and get back to that model.
Surprising series rookie Colton Herta has been pulled inside the Andretti Autosport camp as IndyCar drivers secure their 2020 plans.
Pocono’s track has been questioned over its compatibility with IndyCar. A five-car crash occurred on the opening lap at the track last month. Justin Wilson was killed there in 2015 and Robert Wickens suffered a spinal cord injury last year when his car sailed into the fence.
The governor previously did not have authority to appoint anyone to the quasi-government agency, but that changed earlier this year in legislation that’s expected to keep the Indiana Pacers in town and fund the CIB for the next 25 years.
Alexander Rossi pocketed $759,159 for his second straight runner-up finish.
Simon Pagenaud’s win gave team owner Roger Penske his 18th victory in his 50th year at the track.
Helio Castroneves has won the Indianapolis 500 three times, making him one of the most accomplished auto racers in history. But he says his personal brand owes more to dancing than driving.
The safety piece will virtually cover the open-air cockpit with a clear screen on a titanium framework. Its purpose is to protect the driver from flying debris.
NBC mainstays Savannah Guthrie and Al Roker were joined by Tom Hanks at the Indianapolis Motor Speedway as part of a live broadcast honoring caregivers to U.S. military veterans.
The Indianapolis 500 took a two-year break during World War I—when the Indianapolis Motor Speedway and several related facilities were used for war efforts—and returned to action in 1919.
McLaren CEO Zak Brown acknowledged Monday the team was woefully unprepared to qualify a car for the Indianapolis 500, and small oversights snowballed into the final result.
Kyle Kaiser, 23, in a dramatic last-gasp bid by tiny Juncos Racing, knocked Fernando Alonso off the bubble and ruined the day for McLaren, which was trying to make a comeback to the Indy 500 for the first time since the 1970s.
