By on August 18, 2015

Here’s a little bit of racing trivia you may not have known. In addition to getting a check with a couple of commas in the amount, the winning driver of the Indianapolis 500 is also awarded the pace car for that year’s race. I’m not talking about one of the thousands of replicas they sell at the dealers or even one of the dozens of courtesy cars with pace car graphics that they use at the race. I’m talking about the actual vehicle used to pace the drivers as they come into formation for the flying start and then functions as a safety car when yellow flags are unfurled. That means that racers driving for Roger Penske’s team have won sixteen of those pace cars.

Apparently those drivers’ contracts give the team the right to buy the pace car if they win because Roger owns all sixteen paces cars from the years that his team has won the 500. To celebrate this year’s edition of the massive Woodward Dream Cruise, the Penske organization paraded their collection of authentic Indy 500 pace cars from the Penske Corp’s hospitality tent in Royal Oak all the way up to Pontiac and back, with the spiff that many of the cars were being driven by current and former Penske racers. (Read More…)

By on June 3, 2015

Start the YouTube video player. Click on the settings icon in the menu bar to select 2D or your choice of stereo 3D formats

After a weekend of rain for this year’s running of the Chevrolet Detroit Belle Isle Grand Prix, critics questioned IndyCar and the CDBIGP honcho Roger Penske’s decision to schedule the race event in late May, making it the first race in the schedule after the series’ marquee event, the Indy 500. While in most recent years the racing at Belle Isle has experienced picture postcard worthy sunny skies, holding a race on an island during late spring in the Great Lakes region will always carry some risk of rain. Penske should know that. It was bad weather experienced by another racing promoter that resulted in Penske acquiring what would become one of the more successful business enterprises of his exceptionally successful career. (Read More…)

By on June 1, 2013

Roger Penske talks with recent Indy 500 winner Tony Kanaan as Jim Campbell (L), head of performance and motorsports for GM, and Mark Reuss (R), GM president for North America, look on.

Sometimes things just work out. I probably would have gone to the media luncheon for the Chevrolet Detroit Belle Isle Grand Prix yesterday anyway but when I saw that Roger Penske was one of the people who’d be there, along with Indy 500 winner Tony Kanaan and other Indycar, Grand Am Rolex and Pirelli Challenge series drivers, as well Jim Campbell and Mark Reuss from GM, I thought it would be an excellent opportunity to ask Penske a question that’s been on my mind. Just about every time there’s some kind of high level executive position around Detroit that’s unfilled or about to go unfilled, Penske’s name comes up as a suggestion. Not everything he touches succeeds, (c.f. smart cars in the U.S.) so he doesn’t have a complete Midas touch, but most of his ventures have done well, some exceptionally so. You can’t say that he’s not a competent manager of businesses and people or that he hasn’t succeeded in some highly competitive situations. I wanted to know if Roger was willing to take the highest profile executive position in Detroit. (Read More…)

By on May 23, 2013
La Sorda with Wagoner and Mualally - Picture courtesy

Those were the days, my friends: LaSorda, Wagoner, Mulally

Tom LaSorda,  formerly CEO of Chrysler and before that a key man at GM, will lose a lot of  money when Fisker goes down and/or bankrupt and/or is sold for pennies on the dollar. The man has a plan to recoup his losses: He started his own venture fund with racing and auto dealing magnate Roger Penske, as Reuters has it. (Read More…)

By on March 26, 2013

Over 100 emergency vehicles will hit Detroit’s streets in the next few months, including 23 ambulances and more than 100 police cruisiers, thanks to a coalition of private sector donors that pitched in for the vehicles.

(Read More…)

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