Fresh from his second consecutive Indianapolis 500 victory, Josef Newgarden has signed a multi-year contract extension with Team Penske, which will see the Tennessee native continue to drive the No.2 Chevrolet for many years. As reported by Paddock Eye on Saturday morning, Newgarden will have primary sponsorship starting in Detroit this weekend from Astemo.

Speaking about today’s announcement, Roger Penske, Founder, Chairman and owner of Team Penske said:

“Josef Newgarden is a true winner, and we are excited that he will continue as a part of Team Penske for years to come. “What he did Sunday in the Indianapolis 500 shows how Josef consistently delivers for our team and our partners on the track, and he is just as impressive off the track as well. We are proud to have Josef continue with our organization as his skill and passion embody what it means to be a Team Penske driver.”

Most-notably, the Nashville, Tenn. native took the checkered flag in the Indianapolis 500 in 2023 and 2024, becoming the first driver since 2002 to win the race in consecutive seasons. His 2024 Indianapolis 500 victory on Sunday afternoon gave Team Penske 20 wins in “The Greatest Spectacle in Racing.” This extension will allow Newgarden to chase immortality as the first driver to win three-consecutive Indianapolis 500s with the most-successful team in the race’s 108-year history.

In addition, this year Newgarden became the first driver in Team Penske history to win the Indianapolis 500 and the Rolex 24 at Daytona in the same season when he helped the team to the overall win in the endurance classic for the first time since 1969.

Newgarden who joined Team Penske in 2017 from Sarah Fisher Carpenter Racing has won two NTT INDYCAR SERIES championships with Team Penske along with his back-to-back Indianapolis 500 titles and speaking about the news, Newgarden said:

“Driving for Roger Penske and this iconic team is a dream that I never thought I would realize. “I’m thankful for the opportunities that I’ve been given during my time at Team Penske. I have a great amount of respect for the individuals that comprise our group, including the partners who support us. Our time together has been filled with hard work, teamwork and dedication; and I’m so excited that we will continue on for many more years to come. I’m sure that we can achieve much more in the future. I still believe we haven’t reached our full potential together just yet.”

Josef Newgarden will start Sunday’s Chevrolet Detroit Grand Prix presented by Lear on Sunday from third place.


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