Josef Newgarden, driver of the No. 2 Shell Powering Progress Team Penske Chevrolet, took his first Indianapolis 500 victory in accident-befouled running of Indianapolis 500 that was halted by three red flags. When the racing resumed after the final red flag with only one lap remaining, Newgarden won by 0.0974 seconds, fourth closest finish in 500 history, passing 2022 winner Marcus Ericsson on the last lap.* Santino Ferrucci – driving for four-time Indy winner A.J. Foyt came in third. Of the 107 Indy 500s raced, it was the first to have multiple red flags for crashes. (AutoInformed.com: Chevy Versus Honda in Fastest Field Ever at Indy 500)
All told, Newgarden led just five laps of the 200. Newgarden – a two-time IndyCar series champion – started the race 17th on the grid. For Tim Cindric, President at Team Penske, it was his ninth Indianapolis 500 win and the 19th for Roger Penske as team owner; the first came in 1972. However, it was Roger Penske’s first as the owner of the Indianapolis Motor Speedway since he bought it three years ago. Continue reading








Heavy Duty – Mitsubishi Fuso and Hino Motors to Merge
Daimler Truck, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors and Toyota Motor Corporation today concluded a Memorandum of Understanding on accelerating the development of advanced technologies and merging MFTBC and Hino. MFTBC and Hino will merge equally and collaborate in the areas of commercial vehicle development, procurement, and production.
How this works under various anti-trust laws and regulations is unclear to AutoInformed. Details on the scope and nature of the collaboration including the name, location, shareholding ratio and corporate structure of the new holding company will be decided during the next ~18 months. The parties predict signing of definitive agreements in the first quarter of 2024. They aim to close the transaction by the end of 2024. Once all parties involved reach an agreement, they will move forward based on the approval of the relevant boards of directors, shareholders, and authorities. Continue reading →