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 last time motorcycles competed at IMS was in August 2015, when the Red Bull Indianapolis Grand Prix ended an eight-year run at the track’s road course.
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Kevin Harvick won his first Brickyard 400 since 2003, but Jimmie Johnson came up short in his quest to remain the only driver to make every NASCAR playoff since the format was adopted in 2004.
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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 MoreThis 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.
Bill Simpson, a pioneer in motorsports safety credited with creating equipment that saved too many drivers to count from death or serious injury, died Monday. He was 79.
Mark Miles, who has led Hulman & Co. since 2012, said: “We have the opportunity now to try to take it to a whole other level. I’ve had no thought of doing anything else.”
The Indianapolis Motor Speedway announced Tuesday that it has struck a multi-year naming rights deal for the Grand Prix of Indianapolis.
A Westfield developer’s plans for 68 acres next to Grand Park include a major planetarium and space science center, laser tag venue, jump park, bowling alley, indoor/outdoor go-kart track and driving school.
Roger Penske—whose Penske Corp. is buying Hulman & Co. and its racing operations—said he’d also like to bring a third car manufacturer to IndyCar and maintain IMS’s relationship with NASCAR.
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 company says it did nothing wrong but decided to settle the case, which involved allegations of discrimination against female applicants at its Shelbyville warehouse.
Josef Newgarden won his second IndyCar series championship in three years with a smooth drive Sunday in the season finale, where he played it safe and watched rookie Colton Herta cement a spot as a future star.
The 7th Circuit Court of Appeals on Wednesday ruled against Karma International LLC, which in 2016 hosted a Maxim men’s magazine-themed party for the 2016 IndyCar race that lost more than $420,000, according to the court.
Advance sales for the race at Indianapolis Motor Speedway topped 50,000 tickets, but walk-up business was limited by a threat of rain on Sunday.
In recent years, the Brickyard 400 has seen dismal attendance, but track officials say better weather and more events should boost crowds at this year’s race.
John Force tied Ed “Ace” McCulloch for the most Funny Car wins in Indy history, powering his Camaro to a run of 3.919 seconds at 324.44 mph to beat Jack Beckman.
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.
Matt Breeden was chosen to oversee the SVRA’s day-to-day operations, including finances, event management and member relations.
Roger Penske, 82, is a fixture in the Detroit automotive scene and is one of America’s most successful businessmen. He celebrated his record 18th Indianapolis 500 victory as a car owner in May with driver Simon Pagenaud.
