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Sunoco Makes its Return to INDYCAR, Joins Chip Ganassi Racing in Multi-Year Partnership
Globenewswire· 2025-12-12 15:00
Core Insights - Sunoco is returning to the NTT INDYCAR SERIES as a full-time primary partner with Chip Ganassi Racing starting in 2026, marking its first full-season primary partnership in INDYCAR since 1973 [1][2] Company Overview - Sunoco is the largest independent fuel distributor in the Americas, previously serving as the primary fuel supplier for INDYCAR from 2010 to 2018 and the Indianapolis Motor Speedway from 2015 to 2018 [2][5] - Sunoco operates across 32 countries and territories, with midstream operations including approximately 14,000 miles of pipeline and over 160 terminals, distributing over 15 billion gallons of fuel annually to around 11,000 retail locations [5] Partnership Details - The partnership with Chip Ganassi Racing will feature the No. 8 Honda driven by Kyffin Simpson, who has shown significant promise in his INDYCAR career [1][7] - Sunoco will showcase its 94 Octane fuel, which is the highest-octane fuel on the market, emphasizing its commitment to performance and efficiency [7] - Chip Ganassi Racing has had a successful history, winning 17 INDYCAR championships and over 145 races, including the Indianapolis 500 [7][8] Historical Context - Sunoco's relationship with INDYCAR dates back to 1968, and the company has a storied legacy in motorsports, having been associated with notable drivers and teams [7] - The return to INDYCAR comes after a successful season for Chip Ganassi Racing, which included nine wins and the INDYCAR championship [7]
Mercedes F1 boss Toto Wolff sells a piece of his ownership stake to CrowdStrike CEO George Kurtz
CNBC· 2025-11-20 20:22
Core Insights - Mercedes-AMG Petronas F1 is undergoing a change in ownership, with George Kurtz acquiring a minority stake, valued at $6 billion for the team [2][3][6] Group 1: Ownership and Investment - George Kurtz has acquired a 15% minority interest in Toto Wolff's ownership entity, equating to a 5% stake in the Mercedes F1 team [3] - The financial terms of Kurtz's investment were not disclosed, but the overall valuation of the Mercedes team is set at $6 billion [2] Group 2: Strategic Role and Technology Focus - Kurtz will serve as a technology advisor for Mercedes F1, focusing on enhancing data analytics and AI-driven development processes [4][5] - His role includes expanding U.S. and global tech partnerships, leveraging CrowdStrike's AI-powered protection for the team's infrastructure [5] Group 3: Competitive Landscape - The ownership change comes as Mercedes aims to regain its competitive edge in Formula 1 after a decline in performance relative to McLaren and Red Bull [6] - The team previously dominated the sport with eight consecutive constructors' titles from 2014 to 2021 but has not won since [6] Group 4: Market Trends - The popularity of Formula 1 in the U.S. is on the rise, driven by media exposure and the addition of new races, including a Cadillac-sponsored team next year [7]
OpenAI 🤝 @teamganassi
OpenAI· 2025-07-08 05:26
Congrats on an amazing IndyCar weekend for Alex Palou! 📸: Larry Chen ...