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With Mark Donohue as an engineer/driver, the team achieved incredible success. Instead of driving race cars, Penske owned a race team. That ride went to a young Italian immigrant from Nazareth, Pennsylvania named Mario Andretti.
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Penske, who had just recently been awarded a Chevrolet dealership in Philadelphia, turned it down because General Motors said he could not be an active race driver and a Chevrolet dealer at the same time.
He was a superb race driver himself in the 19s and was offered a ride from the famed Dean Van Lines team for the 1965 Indianapolis 500. (Photo by Bernard Cahier/Getty Images) Getty ImagesĪuto racing, however, has always been Penske’s “golf game” as he describes it. victory at the wheel of the Chaparral 2A in the Governor's Trophy race during the 1964 Nassau Speed Week. Roger Penske, Hap Sharp, Nassau Speed Week, Nassau, 04 December 1964.
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Sporting events were allowed to return to full capacity last summer and that meant the staff of the Indianapolis Motor Speedway could finally prepare for a full house for the 106 th Indianapolis 500 on May 29, 2022. Through weakening strains of COVID and more vaccinations, many health protocols have been lifted or eased. Instead of 300,000 spectators, 137,000 were allowed to attend last year’s Indy 500 and witness history as Helio Castroneves became the fourth, four-time winner of the Indianapolis 500. Penske was able to successfully guide Ind圜ar and IMS through its darkest year and looked forward to a full house in 2021.īut the Marion County Board of Health saw a resurgence of COVID and despite a massive vaccination drive, the 105 th Indianapolis 500 would have to be held with “limited capacity.” He met with the team owners to explain why the Indy 500 Purse and the “Leaders Circle” program that gives payments to 22 full-time Ind圜ar participants, was also reduced.īy holding the race in an empty Speedway, it would ensure the NBC television contract was met and the much-needed television money would be issued.įans that had already purchased tickets to the 2020 Indy 500 were issued credits for 2021 or 2022. The purse, which was $15 million in 2019, was cut in half. In order to make that work, costs had to be cut. (Photo by Chris Graythen/Getty Images) Getty Images
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Roger Penske at the NASCAR Xfinity Series Pennzoil 150 at the Brickyard at Indianapolis Motor. I would say it was a great foundation for me to have discipline, to understand you had to work to get to the front and that important to me in life.” You worked with people from different parts of the world at Culver. “Overall, that experience at Culver was terrific. “The one thing I learned was to shine my shoes,” Penske said. Penske’s penchant for detail is something he learned as a cadet at the prestigious Culver Military Academy in Marshall County, Indiana when he was a youth from Shaker Heights, Ohio. He was successful in taking Detroit Diesel from a company that was struggling back to prominence as one of the largest Diesel manufacturers on Earth. He created the United Auto Group and Penske Automotive, which are among the largest automotive dealerships in the world. He purchased the truck leasing arm of Hertz and rebranded it as Hertz-Penske before it became the highly successful Penske Truck Rental.
The Penske Corporation has been able to take over foundering businesses and turn them around. That’s a key component of Penske’s business career. He depended on Penske Entertainment CEO Mark Miles, Indianapolis Motor Speedway President Doug Boles, and Ind圜ar President Jay Frye to help create opportunity and implement key decisions. Throughout the early days of the pandemic, Penske went to work. We had to give some money back from the standpoint of sanction fees, some of the payout for the teams was less, but everybody worked as a team for the outcome.” “To me, to have the race even without fans and be able to support the other promoters for two years was important. The investment we made to the Speedway was obviously critical for the series. The primary reason we moved on – without the series, we don’t have the Speedway, without the Speedway, we don’t have a series. “We really took advantage of the shutdown in order to complete things we might not have had on our list.
“We knew there were things we had to do,” Penske said. Corporation and Tony George, Chairman of Hulman & Company on the Yard of Bricks following a press conference to announce the sale of Hulman & Company and subsidiaries the Indianapolis Motor Speedway, NTT Ind圜ar Series and IMS Productions to Penske Entertainment Corporation on Novemat the Indianapolis Motor Speedway in Indianapolis, IN (Photo by James Black/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images Mark Miles, President and CEO of Hulman & Compnay, Roger Penske, Chairman and Founder of Penske.
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