Storied racing team Newman-Haas has officially closed up shop. Despite finishing fourth in Indycar's overall driver standings in 2011, the team reportedly couldn't find the sponsorship necessary to continue operations. Founded in 1982 by actor Paul Newman and Carl Haas, the team racked up 107 wins and a total of eight championships. Legendary names like Mario and Michael Andretti and Christian Fittipaldi all spent time in the cockpit of Newman-Haas racecars. Despite a long and successful history, the team never managed to grab an Indianapolis 500 victory.

In a brief statement on the team's website, Haas said, "The economic climate no longer enables Newman/Haas Racing to participate in open wheel racing at this time."

Newman passed away in 2008, and Haas is said to be in poor health at the moment. Even so, the operation remained strong and likely could have continued to score wins well into the future with the proper funding. The loss of the team surprised many and will likely be a major blow to the IndyCar series moving forward.

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    • 1 Second Ago
      sawdust breather
      • 3 Years Ago
      VERY SAD
      • 3 Years Ago
      Loosing Newman Haas is tragic. They were so good. Paul Newman and Carl Haas were gentlemen. God Bless them both
      • 3 Years Ago
      I have to disagree with Gail. It wasn't the spec change that ruined the IndyCar (actually, CART) series, it was Tony "Boy" George's megliomania. In the mid-ninties he reminded me of a snotty rich kid who demanded everyone play by his rules or he would take the only ball in the neighborhood and go home.
      Shane Gardner
      • 3 Years Ago
      They are working on a ALMS program apparently.
        Jonathan Arena
        • 3 Years Ago
        @Shane Gardner
        Seriously? Thats awesome: Indy is boring.
        • 3 Years Ago
        @Shane Gardner
        Question is: What class? I'll take a guess and say LMP1 or LMP2.
      • 3 Years Ago
      And for all of the youngsters information, Nigel Mansell won his only American Championship with Newman/Haas, following a F1 championship. A feat likely not to be repeated.
      • 3 Years Ago
      I'm saddened to see the Newman-Haas team ceasing operations. Back in the 90s, I had the privilege of being their pit row firefighter at the Cleveland Grand Prix when Mario Andretti had the hottest qualifying lap of the field. For some unknown reason, probably a technical glitch, the lap was never recorded on the computer system. Paul Newman was in the pits at the time and was quite upset that the laptime didn't show up. I happened to be standing next to him and jokingly said "Maybe it's that stealth paint on the race car". It seemed to lighten the mood and he laughed. The next day, Mario went on to win the Cleveland race. When he did, Mr. Newman was ecstatic and actually shook my hand when I congratulated him and his team on the win. It was quite a day and it remains a fond memory.
      • 3 Years Ago
      Money is why Danica went to NASCAR... lack of money to operate an Indy car that is. Nothing about talent or her lack of ability to win or not. Just plain lack of money. I have worked in only two fields.... NASCAR and aviation, and when the economy goes bad, race cars and airplanes are the first to get the ax.
      • 3 Years Ago
      From someone who worked races including CART, I feel Tony George ruined the series. The fans stopped coming, he made it his way or no way. It's a shame one of the greatest racing teams will not be returning to the track, although it doesn't surprise me. I don't think Greg Moore's accident or Dan Wheldons accident had anything to do with it although I'm so sorry it happened. The risk is always there in racing, even NASCAR is not safe. I miss what used to be. I miss watching races with my Dad when I was younger, I miss getting into racing for my love of CART. I do not miss Tony George. Wishing all of the Newman Hass team all the best you will be missed. I always enjoyed working with your team. Always professional, always friendly.
      • 3 Years Ago
      • 3 Years Ago
      Too bad. Letterman might pick up the pieces, however.
      • 3 Years Ago
      Have not followed racing much since they took out the NOVI engines and went to rear mounted engines that sound like sewing machine motors. Nothing like the hot sun, a beer, and a NOVI roaring past.
      • 3 Years Ago
      Don't let that door hit them in the a$$. Bye bye!!!
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