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Roger Penske Approves Lawsuit Settlement As "Tremendous News for the NASCAR Industry"

Penske owns Team Penske, the Indianapolis Motor Speedway, and IndyCar, putting him in a unique position among owners. "Today's resolution provides the entire industry with a platform that strengthens our business and allows us to continue to entertain our millions of passionate fans," he said. Team Penske owns three Cup charters and has a technical alliance with Wood Brothers Racing.