Two-time IndyCar champ Will Power hires agent as he begins contract season with Team Penske
Power now has someone to negotiate both a new IndyCar contract as well as potential races outside the series.
Motorsports
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IBJ Podcast: Josef Newgarden, Indy 500 champ and avid investor, also races against S&P 500
Newgarden enjoys being a hands-on caretaker of his financial life, including managing his investment portfolio. He says if he weren’t a racer, “I think I’d be an equity trader or some kind of strategist.”
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Formula 1 expands grid to add GM’s Cadillac brand and new team headed by Andretti Global owners
Michael Andretti stepped aside from leading his Indianapolis-based racing company in September, so F1’s 11th team will be called Cadillac F1 and be run by new majority owners Dan Towriss and Mark Walter.
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Hailie Deegan moving from NASCAR to IndyCar
The 23-year-old has spent the last four years in NASCAR competing in both the Truck Series and the Xfinity Series. She’s never won at NASCAR’s national level.
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Michael Andretti hands over control of race team to business partner
Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization while Andretti will stay on as a strategic adviser of the team he has led since 2002.
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Articles
Purdue, Sports Tech HQ joining forces to help startups, create career opportunities
Purdue can offer research and technical expertise that sports tech companies may need as they develop their products. Likewise, these companies may create internships and job opportunities for Purdue students and graduates.
Cadillac F1 names motorsports veteran Graeme Lowdon team principal
Lowdon has been advising the effort the last two years as Michael Andretti tried to get an Andretti Global entry with General Motors accepted into F1.
New motorsports leaders introduced as Andretti Global moves on without Andretti
Two longtime NASCAR executives were introduced at Indianapolis-based Andretti Global on Wednesday as part of a company restructuring.
Michael Andretti’s Formula 1 dream comes to bittersweet fruition without his involvement
Andretti has been sidelined from his namesake motorsports organization and won’t have any role with the Formula 1 program he spent the last four years desperately trying to launch.
F1 closer to approving expanded grid for GM entry initially started by Michael Andretti
With a restructuring at Indianapolis-based Andretti Global that pushed Michael Andretti into a smaller role, the chances of his organization landing a Formula 1 team have substantially increased.
McLaren’s IndyCar team makes leadership changes as Gavin Ward leaves role as team principal
Arrow McLaren said it will rely on a handful of leadership additions, including former Indianapolis 500 winner Tony Kanaan and former IndyCar race director Brian Barnhart.
IndyCar partners with Cowboys, Rangers for street race in Texas
IndyCar will return to Texas in 2026 with a street race in Arlington in a joint venture between the Dallas Cowboys and the official events partner of the Texas Rangers.
NASCAR facing lawsuits over revenue-sharing model
Two NASCAR teams—one of them owned by Michael Jordan—filed a federal antitrust lawsuit against the stock car series and chairman Jim France on Wednesday, claiming the new charter system limits competition.
Tony Stewart Foundation to shut down after two decades
The foundation, founded by Stewart in 2003, has donated more than $7 million to dozens of organizations, including several pediatric cancer support groups and numerous animal sanctuaries and rescues.
Michael Andretti says ‘timing was right’ for restructuring of Andretti Global
Motorsports icon Michael Andretti told The Associated Press on Sunday he’s at a point in his life where he no longer wants to run the day-to-day business of his global operation.
Alexander Rossi lands seat with Ed Carpenter Racing
Team owner Ed Carpenter, who had already scaled back to racing just ovals, will only run the Indy 500 next year in a third ECR entry.
IndyCar finalizes charter system that doesn’t guarantee spots in Indianapolis 500
The initial agreement runs through the 2031 season and ensures the 25 chartered cars a starting spot in all IndyCar races except the Indianapolis 500.
Ferrucci signs multi-year extension with resurgent Foyt IndyCar team
The deal with Santino Ferrucci was described as a multi-year extension and announced ahead of Sunday’s season-ending IndyCar race in Nashville.
IndyCar signs extension with tire supplier Firestone
The deal between Penske Entertainment, which owns the racing series, and Firestone’s parent company, Nashville-based Bridgestone Americas, extends a partnership that has been in place for 25 years.
Kyle Larson to attempt ‘Double’ again in 2025, but 600 will take priority over 500
Larson in May became the fifth driver in history to attempt to complete both the Indy 500 and Coca-Cola 600, but weather issues thwarted the effort.
Larson, Hendrick Motorsports in discussion on 2025 return to Indianapolis 500
Kyle Larson wants to run the “Double” again in 2023 after weather issues ruined his chances this year, but details are still being worked out.
Will Power in IndyCar championship fight, not even considering retirement
Although four drivers remain mathematically eligible to win the title, it’s really down to Alex Palou and Power as each is seeking a third IndyCar championship.
Conor Daly to take over No. 78 car for Juncos Hollinger Racing for rest of IndyCar season
Daly is taking over for Agustin Canapino, who parted ways with the team last week after a series of social media firestorms.
Liberty Media confirms Justice Department investigation over F1’s Andretti denial
Meridian, Colorado-based Liberty Media, owner of Formula One Group, rejected Indianapolis-based Andretti Global’s application in January after a six-month review.