Hitachi Astemo And Team Penske Announce Multi-Year Contract Extension To Sponsor The No.2

Team Penske and Hitachi Astemo announced a multi-year partnership extension. The extension will see Hitachi continue its long-standing partnership with the No.2 Chevrolet Dallara, driven by two-time Indianapolis 500 winner Josef Newgarden.

Under the new agreement, a new Astemo livery will adorn the No. 2 Dallara/Chevrolet INDYCAR driven by two-time INDYCAR SERIES champion and two-time Indianapolis 500 winner Josef Newgarden for select races this season and into 2025. The company will be featured as a major associate sponsor on all Team Penske cars competing in the INDYCAR Series.

Starting this weekend in Detroit and for select races in 2024 and 2025, Josef Newgwarden will run with a new Astemo livery that will adorn the No.2 Team Penske Chevrolet.

Speaking about the news, Penske Corporation founder and owner Roger Penske said:

“We are proud to extend our relationship with Hitachi Astemo so that we can continue to build on our on-track and off-track success curated throughout the years together. “Our 13-year relationship continues to play a crucial role in the performance of our Team Penske INDYCAR program and in the success of the INDYCAR SERIES overall with even more growth and development on the horizon.”

Kohei Takeuchi, President and CEO of Hitachi Astemo, Ltd commented saying:

“Astemo’s relationship with Team Penske has been the cornerstone of our motorsports program in the Americas. “It has helped expand our relationships with original-equipment manufacturers and aftermarket customers around the world and has had a significant impact on brand awareness.”

Tim Clark, President and CEO of Hitachi Astemo Americas, Inc. said:

“Our 13 years of partnership with Team Penske have been extremely successful ones both on the track and in our day-to-day work with customers throughout the Americas. “Roger Penske and his team have set a partnership standard in the motorsports world that’s without equal.”