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Tag Archive | "Roger Penske"
AUSSIES ON TOP IN ALABAMA
Australian driver Will Power will start from pole for tomorrow's Indy Grand Prix of Alabama at Barber Motorsport Park. Power posted a best lap of 1 minute, 11.4546 seconds on the 2.38-mile, 17-turn natural-terrain course in the Firestone Fast Six to edge out team mate Ryan Briscoe (1:11:7361) in an all Australian front row for the 90-lap race. "It was very tiring" Power said after Qualifying. "but we saved it until the end and put a good lap together. I'm happy to have the the No. 12 Verizon car up front again. It's really important to start from the front at this track. I feel we should have won the race last year with the speed we had, so we're pretty focused on the strategy. The Antipodean flavour continues with Australian born New Zealand driver Scott Dixon third ahead of Team Penske's Helio Castroneves (1:12:1247), the defending race winner. Justin Wilson (1:12:3085), who is driving with an injured wrist, and Oriol Servia (1:12:4394), in his first start at Barber, will share Row 3. First round winner Dario Franchitti will start back in seventh place and the Scotsman was not happy. "(I'm) very disappointed.... We gave up a tenth in the hairpin. We thought we'd have another lap but we had a little miscommunication and we didn't get another run at it. We need to figure out a way to get up to the front from seventh, but if anyone can do it its the Target team."
Continue reading...THE PROFITS OF CAPTAIN PENSKE
Friday, July 30, 2010
Success on the racetrack is not the only source of good news for US racing legend Roger Penske. Penske’s US based Auto sales and dealer network, has reported an impressive $29.4 million second quarter operating profit. Penske Automotive Group Inc. is the United States’ second-largest dealer holding company, and it has seen a 16% rise in [...]
Continue reading...MORE POWER FOR PENSKE
Wednesday, June 17, 2009
Australian driver Will Power will return to the drivers seat this year with Roger Penske announcing that Power will drive at five races in 2009. Power raced for Penske at the start of the year filling in for regular driver Helio Castroneves who was facing serious tax evasion charges. Castroneves returned to the team after he was acquitted of all charges leaving Power without a regular drive. Speaking before Sunday's NACAR Sprint Cup race at Michigan International Speedway Penske said the team was looking at some road and street courses for Power over the final 11 races of the IndyCar season. Power finished sixth on the streets of St. Petersburg before a fine second at Long Beach, he returned to Indianapolis for the 500 where he finished fifth. In spite of missing several rounds Power remains eighth in this years Indycar Championship.
Continue reading...PENSKE POWERS SATURN ?
Saturday, May 9, 2009
Roger Penske has always been ambitious in his business pursuits and this week it has been announced that 'The Captain' is set purchase all of Saturn. However after being told that he could not legally purchase the hydrogen filled luminous body, he decided to simply to turn his attention to the defunct GM brand of the same name. General Motors is in the midst of a fire sale, yes thats right, all the big brands, Saab, Hummer, Pontiac and more, have all got to go! As the automotive giant remains on a $15.4billion government subsidised life support system, its restructure has meant bargains are to be had!. Considering their dire financial situation, the announcement made last week of GM's brand restructure, surprised noone. The move will see GM offload several brands in a move to focus their attention to their 'core four', Chevrolet, Buick, Cadillac and GMC. Saturn is one of the brands that didn't make the cut. Saturn Corporation was established in 1985 to combat the success of Japanese imports in the small car market. First dubbed as 'The different kind of car company', it was always the poor cousin to GM's more premier brands such as Chevrolet and Cadillac. Like much of the US Automotive industry, Saturn suffered heavily from mismanagement and the imports it was designed to compete with, eventually accounted for its demise. Saturn spokesman Steve Janisse has revealed that several bids for the company have been made, however they wouldn't be revealing any of the interested parties until early June. A cautious Tony Porson, spokesman for Penske Automotive Group has stated they are considering the Saturn purchase, “It's very premature to assume anything will be done. I can confirm to you that we are looking at it”. Roger Penske has achieved virtually everything in the automotive world, however resurrecting a car company may be too much even for 'The Captain'. Saying that, Roger Penske's motorsport interests are as vast as they are succesful, with teams running in IndyCar, NASCAR and ALMS. His stint into Formula One in the mid 70's recorded a victory and he has more Indy 500 than any other team owner. Off the track the Penske Empire also includes the world's second largest automotive dealer network, Penske Automotive, representing over 250 franchises. If anyone can do what General Motors couldn't, It'd be Roger Penske to do it.
Continue reading...MORE POWER TO PENSKE: All Aussie line up possible ?
Tuesday, January 13, 2009
It could be an all Australian line up as Australian driver Will Power replaces Helio Castroneves at Team Penske. The Indianapolis Star has reported that Power will replace the Brazilian while the two-time Indianapolis 500 champion fights serious tax evasion charges. Castroneves, who also won the US version of the popular television programme “Dancing With The Stars“, has pleaded not guilty to charges of conspiracy and tax evasion involving about $US5.5 million ($A8.1 million) in income stashed in offshore accounts. Penske team president Tim Cindric told the “Star” that the team remained behind Castroneves and were hopeful that the situation would soon have a “positive outcome.” Power, who looked set to be without a drive following the withdrawal of Craig Gore's Team Australia sponsorship will take over testing of Penske's No.3 car.
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