Hitachi Astemo Celebrates 13 Years with Team Penske and Chevrolet
Hitachi Astemo's Long-Standing Partnership with Team Penske
In the world of motorsports, partnerships play a pivotal role in achieving groundbreaking results. Hitachi Astemo, a prominent name in the auto industry, has proudly maintained its robust association with Team Penske for an impressive 13 consecutive years, particularly in the NTT INDYCAR SERIES. This collaboration truly exemplifies innovation and commitment, especially as they continue to support the No. 2 Dallara/Chevrolet team, led by the talented driver Josef Newgarden.
Josef Newgarden: A Rising Star
Josef Newgarden, known for his unparalleled skills on the track, recently made history by becoming the first driver in over two decades to secure back-to-back victories at the prestigious Indianapolis 500. This achievement not only showcases his exceptional talent but also signifies a momentous milestone for Team Penske, marking their 20th win at this esteemed event.
Astemo serves as a vital supplier of fuel-system components for the powerful 2.2-liter twin-turbocharged Chevrolet race engines utilized in the series. This year, their contributions were instrumental in helping Chevrolet clinch its ninth NTT INDYCAR SERIES Manufacturing Championship since its return to this competitive arena in 2012.
Collaboration and Growth
"Our collaboration with Chevrolet and Team Penske has been incredibly rewarding over the years," stated Rob Sharpe, the senior vice president of sales and marketing at Hitachi Astemo Americas. He expressed his admiration for Newgarden and the entire Team Penske crew for their outstanding performance throughout the racing season.
Newgarden, originally from Hendersonville, is celebrated as the most successful American driver in the NTT INDYCAR SERIES. His remarkable resume includes being a two-time champion and achieving over 30 career INDYCAR victories, alongside his significant wins in the Indianapolis 500 in both 2023 and 2024.
A Future Together
Recently, Team Penske and Hitachi Astemo have solidified their partnership for the upcoming 2025 NTT INDYCAR SERIES season and beyond. This exciting announcement heralds the continued presence of the Astemo name on the No. 2 Penske Chevrolet, which will feature prominently on both the sides and rear wing of the striking red vehicle.
The Significance of Hitachi Astemo
Located in Tokyo, Japan, Hitachi Astemo is a highly regarded technology company dedicated to the development, manufacturing, and distribution of automotive components and industrial systems. This joint venture between Hitachi, Honda, and JIC Capital aims to push the boundaries of technological advancements in the automotive sector.
Hitachi Astemo Americas, Inc.
Hitachi Astemo Americas, Inc. plays a critical role within this global enterprise, focusing on creating cutting-edge engine management and integrated vehicle control systems for automotive manufacturers worldwide. Their commitment to excellence is reflected in adherence to strict ISO standards, ensuring top-quality products and services.
Team Penske's Legacy
Team Penske stands as one of the most celebrated teams in professional sports history. With more than 625 major race victories and an impressive list of championships, including 44 across various racing disciplines, their legacy is indisputable. As they enter their 58th season, Team Penske continues to compete in various prestigious series including the NTT INDYCAR SERIES and NASCAR Cup Series.
The magic of their success lies in their relentless pursuit of excellence and a firm commitment to innovation. The partnership with Hitachi Astemo amplifies their strength, pushing them further on the road of victory.
Frequently Asked Questions
What is Hitachi Astemo known for in motorsports?
Hitachi Astemo is recognized for its long-standing partnership with Team Penske in the NTT INDYCAR SERIES, providing essential components for Chevrolet race engines.
Who is Josef Newgarden?
Josef Newgarden is a two-time NTT INDYCAR SERIES champion and the first driver in 22 years to win back-to-back Indianapolis 500 races in 2023 and 2024.
What significant achievement did Chevrolet attain this year?
With support from Astemo, Chevrolet achieved its ninth NTT INDYCAR SERIES Manufacturing Championship since returning to the series in 2012.
What does the future hold for the Hitachi Astemo and Team Penske partnership?
The partnership has been extended for the 2025 NTT INDYCAR SERIES season, with the Astemo name continuing to feature prominently on the super-fast No. 2 Penske Chevrolet.
Where is Hitachi Astemo headquartered?
Hitachi Astemo is headquartered in Tokyo, Japan, and operates with a commitment to technological excellence across automotive and transportation sectors.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Discover Affordable Legal Solutions with DocLegal.ai Today
- Understanding Valuation Metrics: Permian Resources Insights
- Ekinops Enhances Notary Networks with Innovative SD-WAN Solution
- Navigating Health and Financial Challenges: The Impact of Support
- Cromwell Expands Presence with New Office Opening in Charlotte
- Exciting Partnership Announced Between FM and Boston Common Golf
- RPM International's $190 Million Verdict: Impacts and Outlook
- Nio's Recent Success and Strategic Investments Explained
- LSU's Innovative CO2 Research Well Project with Industry Leaders
- GenLab and Psionic Forge New Era in Autonomous Technology
Recent Articles
- Empowering Financial Independence: MATAURO Joins Dynasty
- European Market Reactions amid Economic and Geopolitical Concerns
- MSI: Transforming Insurance Solutions for a Modern Era
- Fairfax Financial Expands Control Over Peak Achievement Athletics
- Wood Partners Launches Innovative Housing Project in Florida
- Investors Raise Concerns Over Scotts Miracle-Gro Company Lawsuit
- The Suite Welcomes Ramya Sethuraman as Chief Product Officer
- How Millennials Built Wealth Through Smart Real Estate Moves
- LabConnect Welcomes Wesley P. Wheeler as CEO to Propel Growth
- Trustmark Welcomes Randy Weinstock to Drive Benefits Innovation
- Discover the Impressive Growth of Howmet Aerospace Investment
- Waud Capital Partners Boosts Science Exchange for Life Sciences
- Transforming a $100 Investment in Motorola: What You Need to Know
- Adyton Resources Advances with Major Private Placement Plans
- CallTrackingMetrics Earns Kudos for Superior Tech Workplace Culture
- Transforming Business Operations with AI Technology and Google
- Promising Cancer Therapy Data from Johnson & Johnson and Legend Biotech
- Moderate Increase in Chicago PMI Signals Hope for Manufacturing
- Melvin L. Stukes: A Dedicated Advocate for Community Change
- Truist Sustains Buy Rating for Churchill Downs Amid Growth
- Celebrating a Major Milestone: Mercure's 1,000th Hotel Opening
- Truist Affirms Buy Rating on Ovintiv, Highlights Growth Strategy
- Exploring the Growth of Application Modernization Services Market
- Sharecare Inc. Achieves 52-Week High and Future Growth Prospects
- UpHealth Holdings Celebrates Court Victory for Arbitration Award
- Nyxoah's Promising Future: FDA Approval and Market Growth
- Zamora Company Unveils Tequila VOLTEO with Dak Prescott's Vision
- Reaves Utility Income Fund (UTG) Achieves Impressive Growth
- Doximity Achieves New Stock Heights Amid Strong Growth Trends
- Calviri Launches Groundbreaking Vaccine Trial for Canine Cancer
- Innovative Playground Design Teaches Kids About Technology
- Morgan Stanley's Positive Outlook on Viking Therapeutics Growth
- Repairify Strengthens Leadership Team with New Executives
- Goosehead Insurance Achieves New Heights with Record Stock
- Nuveen Dividend Advantage Municipal Fund Hits New Heights
- Deutsche Bank Revises Price Target for SIG Plc to GBp18
- Brazil's Economists See Higher Interest Rates Ahead
- Carnival Corporation Reports Impressive Q3 Performance with CCL Outlook
- Hurricane Helene's Devastating Impact: A Race for Recovery
- Rising European Debt Crisis: Implications for Global Markets
- Discovering Potential in Former Short-Squeeze Stocks
- Walmart's Bullish Trajectory: Is Now the Right Time to Invest?
- S&P 500 Displays Strength as September Surprises Traders
- 5E Advanced Materials Seeks $285 Million Debt Financing
- Conservation Grants Empower Great Lakes Restoration Efforts
- Cloze Welcomes Simon Chen to Its Board of Directors for Growth
- Invenco by GVR Launches New Retail Media Service with GSTV
- Castor Maritime Secures Acquisition of New Bulk Carrier Vessel
- Multi-Factor Authentication Growth Predicted to Reach $55 Billion
- TTcoin Network: Innovating Crypto Solutions for Tomorrow