On or off the track, Roger Penske is a force to be reckoned with. His team has taken the victory lap 15 times at the Indianapolis 500 and his business ventures have made him one of America's richest and most powerful entrepreneurs.
2011 Dodge Charger stock car – Click above for high-res image
First Toyota, now Volkswagen? According to the boys from Motor Trend, VeeDub is seriously considering entering into the bastion of American motorsport. That's right, NASCAR. While rumors of VW fielding a Formula 1 team have swirled for quite some time, this is the Jeremy Korzeniewski
For years Marlboro has been nearly synonymous with Penske, its racing cars (in open-wheels especially) adorned with the tobacco company's red-and-white color scheme for decades, even if their name hasn't appeared on the cars since 2005. But after 19 years in racing together, Marlboro parent company Phillip Morris ended its sponsorship of the motor racing dynasty earlier this year. Now it appears that Shell Oil could be taking its place.
2009 Smart Fortwo – Click above for high-res image gallery
Saturn general manager Jill Lajdziak spent several months this summer and fall working closely with Roger Penske and his staff trying to iron out the details of a proposed purchase of the brand from General Motors. As we know, that deal fell apart when Renault's board of directors vetoed a deal to supply cars to a Penske-owned Saturn. When GM decided to shutter Saturn,
Saturn general manager Jill Lajdziak spent several months this summer and fall working closely with Roger Penske and his staff, trying to iron out the details of the brand's proposed purchase from General Motors. As we all know, that agreement fell apart when Renault's board of directors vetoed a deal to supply cars to a Penske-owned Saturn. When GM decided to shutter Saturn, <
This year's Sprint Cup was awarded this past weekend at Homestead, where Jimmie Johnson scored his record fourth consecutive championship with a fifth-place finish behind race winner Denny Hamlin. (Oh yeah, "spoiler alert".) Anyway, on to the interesting part: the oval speedway had some unlikely German visitors for the series finale, leading the motorsport press and the fans to begin asking questions.
In the early 1980s General Motors launched a top-secret program to figure out how it could build a small car to successfully compete against the Japanese automakers. It was called the S-car program and the results of this study shocked top management at GM.
According to The New York Times, General Motors has come to terms with a consortium led by industry icon Roger Penske to sell its ailing Saturn brand. The agreement, which is expected to be announced later today, will apparently see Penske add Saturn brand and its stand-alone showroom network to his existing portfolio of 310 global dealers.
If you think the domination of Brawn GP has shaken things up in Formula One, that's nothing compared to what could be in store for the F1 grid in the next year or two. While the FIA toys with budget caps and all manner of new regulations, several prospective teams are lining up at the potential of entering the field at a reduced cost. Following Noah Joseph
The typical relationship between automakers and dealerships, of course, is for the dealers to sell the cars that the automaker produces. But with General Motors shedding like a dog in springtime, it's the dealers who have been looking to buy the brands themselves. Following interest expressed by German dealers to acquire Opel and Noah Joseph
