#Ferrari #IndyCar #racing #Penske #Scuderia $RACE The Big Q: Is the Scuderia getting close to IndyCar racing? Roger Penske revealed Wednesday that he as the new owner of IndyCar and the Indianapolis Motor Speedway is working to land Ferrari (NYSE:RACE) to become the series’ 3rd engine and chassis manufacturer. “I have been personally championing, alongside […]
$RACE Ferrari (NYSE:RACE) confirmed that it is at least considering adding IndyCar to its racing portfolio, using some of its F1 savings. It is one way the manufacturer can keep from sector layoffs that might come with the expected budget cuts necessary to get to the coming $145-M gross F1 budgets. “Concern is not the […]
$RACE Motor racing great Mario Andretti would love to see Italian carmaker Ferrari (NYSE:RACE) join the North American Indycar series as a chassis and engine supplier. Mr. Andretti, one of 4 drivers to claim both the F1 and IndyCar drivers championships, said in an interview Sunday that IndyCar series owner Roger Penske and Ferrari team […]
$PAG, $DDAIF, $FWONK Roger Penske has called rumors that he is looking at buying the Mercedes Formula 1 team “absolutely not true“. A report in Germany has linked the American businessman with the team amid confirmation from Mercedes that it has yet to decide its future in F1 post-2020. Toto Wolff believes Mercedes will remain, […]
Monday, Hulman & Company said it has agreed to sell the company and certain subsidiaries, including the Indianapolis Motor Speedway and NTT IndyCar Series to a subsidiary of Penske Corporation. Executives from Hulman & Company, which has owned the famed track since Y 1945, where the crown jewel of American open wheel racing is held […]
FLASH: President Trump congratulates team owner Roger Penske on his 18th Indy 500 Win. Simon Pagenaud won a thrilling Indianapolis 500 by outlasting Alexander Rossi by going all out in the final 14 laps by the slim margin of 2/10ths of a sec. The race had been Red-flagged in lap 180, and by the time […]
$RACE, $GM, $F Wayne Taylor Racing (WTR) claimed victory in a rain shortened 24 Hours of Daytona that saw Fernando Alonso, Jordan Taylor, Kamui Kobayashi, and Renger van der Zande crowned winners. Officials took the decision to Red Flag the race shortly after the 22 hour mark having suspended the race once already for heavy […]
$RACE, $PAG, $GM Ferrari is an auto stock to watch in Y 2019 as the iconic Italian manufacturer plans to expand its production over the next 7 years Ferrari and Penske are on the top auto stocks to buy in the New Year, Consumer Edge Research’s Jamie Albertine said on TV Wednesday. The automotive research […]