Verizon IndyCar Series Team Penske announced on Monday a multi-year extension to their long standing partnership with Hitachi Group.
The new partnership will see Hitachi run as primary sponsor to defending series champion Josef Newgarden’s No.1 Chevrolet for eights races in 2018.
The partnership will also extend to being associate partners of 2016 champion Simon Pagenaud and Will Power.
The deal will also see Hitachi return to Helio Castroneves’ number 3 Chevrolet when the Brazilian competes in the 102nd running of the Indianapolis 500 presented by PennGrade Motor Oil.
Speaking about the news, team owner Roger Penske said:
Our partnership with Hitachi continues to deliver for both organizations across a wide variety of business platforms.
Penske went on to say:
Hitachi is deeply involved in our on-track performance as they continue to collaborate with Chevrolet on its winning INDYCAR engine program.
For Immediate Release
HITACHI TO CONTINUE TEAM PENSKE PARTNERSHIP IN 2018
Multi-Faceted Relationship to Enter Seventh Season with Championship INDYCAR Program
MOORESVILLE, N.C. (January 15, 2018) –Team Penske and Hitachi Group today announced an extension of their partnership for the 2018 Verizon IndyCar Series season.
After a productive five-year relationship working with three-time Indianapolis 500 winner Helio Castroneves of Team Penske, the familiar Hitachi branding will transition to the No. 1 Dallara/Chevrolet of reigning INDYCAR champion Josef Newgarden for eight races in the 2018 season.
Additionally, Hitachi will continue as an associate sponsor on Team Penske’s other Verizon IndyCar Series entries – the Dallara/Chevrolets driven by Simon Pagenaud, the 2016 series champion and Will Power, the 2014 title winner, along with a return to Castroneves’ No. 3 car for the 102nd running of the Indianapolis 500.
“Our partnership with Hitachi continues to deliver for both organizations across a wide variety of business platforms,” said Roger Penske. “Hitachi is deeply involved in our on-track performance as they continue to collaborate with Chevrolet on its winning INDYCAR engine program. Away from the race track, our relationship continues to reach new heights with shared success through various automotive and technology projects, along with joint marketing and promotional initiatives. We are excited to build on this success in 2018.”