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Returning with essentially the same racing lineup that produced a strong return to sports car competition, as well as an Indianapolis 500 victory and the organization's second consecutive NASCAR Cup Series (NCS) championship in 2023, Team Penske is ready to continue to add to its legacy of success this season.

Competing in its 58th season, Team Penske will once again fight for wins and championships across four different racing series in 2024. The team will field three full-season entries in both the NASCAR Cup Series and the NTT INDYCAR SERIES this season. In its second year competing with the global Porsche Penske Motorsport (PPM) sports car program, the team will also return to race with two cars in both the IMSA WeatherTech SportsCar Championship as well as the FIA World Endurance Championship (WEC).

In the Cup Series, Ryan Blaney and the No. 12 Ford Mustang team produced three race victories and broke through to earn their first NCS championship in 2023. The memorable title run represented Team Penske's second straight Cup Series crown following the championship run by Joey Logano and the No. 22 Ford Mustang team in 2022. With championship confidence and strong leadership on the No. 12 Ford team, powered by Blaney and crew chief Jonathan Hassler, the team is looking forward to another title run for the 2024 season.

Logano and the No. 22 Ford Mustang team enjoyed a solid season in 2023 as they attempted to defend their 2022 title. With a victory at Atlanta and two poles won in 2023, Logano and the No. 22 team earned a Playoff berth and finished inside the top 12 in the championship standings for the sixth consecutive season. In his 12th season racing for Team Penske in 2024, two-time NCS title winner Logano, crew chief Paul Wolfe and the No. 22 Ford Mustang team are ready to return to championship form.

Following a remarkable rookie Cup Series season in 2022 that included winning the Daytona 500, Austin Cindric and the No. 2 Ford Mustang team continued to learn and develop in 2023. After producing five top-10 results last season, Cindric is hoping to make a Playoff run in 2024.  Cindric was reunited with crew chief Brian Wilson late last season, and the pair hopes that the chemistry that helped produce an Xfinity Series title for Team Penske in 2020 will continue in the Cup Series this season.

Last season, the Team Penske trio of Will Power, Josef Newgarden and Scott McLaughlin claimed three of the top four positions in the NTT INDYCAR SERIES championship standings. With all three racers returning in 2024, Team Penske will be working hard to claim its 18th INDYCAR title and its 20th Indianapolis 500 victory this season.

McLaughlin emerged as team's top title contender in 2023 as he finished a career-best third in the series standings driving the No. 3 Team Penske Chevrolet. Competing in his fourth full NTT INDYCAR SERIES season, the former Australian Supercars champion is poised to once again battle for the crown as race engineer Ben Bretzman and the “Thirsty Threes” will continue to power McLaughlin and the team in 2024.

Newgarden and the No. 2 Team Penske Chevrolet team had another stellar season in 2023. Posting four wins and a dramatic victory in the Indianapolis 500 helped propel Newgarden to his seventh consecutive top-five championship finish since he joined Team Penske in 2017. Following his first year as race engineer with the No. 2 Chevy team, Luke Mason and the 2 crew will be searching consistent results across the 2024 season as Newgarden chases his third series title with Team Penske.

Competing in his 20th INDYCAR SERIES season in 2024, Power continues to be one of the fastest drivers on the grid as he leaves his mark on the series record books. The all-time leader in series pole positions added a couple more to his total in 2023 as he enters this season with 70 career poles on his resume. Though he saw his streak of 16 consecutive seasons with at least one race win come to an end in 2023, Power, longtime race engineer Dave Faustino and the No. 12 Team Penske Chevrolet team are anxious to start a new streak in 2024 and fight for their third series championship together.

Porsche Penske Motorsport enjoyed a strong first year in 2023 competing with the new LMDh hybrid Prototype competing in both IMSA and WEC. Both the No. 6 and No. 7 Porsche 963 cars produced race wins in the new IMSA WeatherTech SportsCar Championship  GTP class while the No. 5 and No. 6 PPM entries produced a solid first season racing in WEC.

Posting three IMSA race wins in their debut season with PPM, Nick Tandy and Mathieu Jaminet will once again team up to race the No. 6 Porsche 963 in 2024. PPM teammates Kevin Estre and Laurens Vanthoor will join the No. 6 team for endurance races this season. Two former IMSA champions will lead the charge for the No. 7 Porsche as Dane Cameron will transition from PPM WEC program to join another series prototype title winner, Felipe Nasr, who returns to the team in 2024. Matt Campbell and

Team Penske INDYCAR champ Josef Newgarden will join Cameron and Nasr in the No. 7 Porsche for this season's IMSA endurance events.

PPM looks to compete for race wins in WEC this season with a strong lineup among its two Porsche 963s.  After racing with the PPM IMSA team in 2023, Campbell returns to WEC and he will join Michael Christensen and Frederic Makowiecki in the No. 5 Porsche in 2024. The team's No. 6 963 returns with the same driver lineup as last season with Estre and Vanthoor once again racing with Andre Lotterer in 2024.

With championship experience on track and in the garage across all levels of competition, Team Penske is ready for the challenges that lie ahead in 2024. Ready to deliver for its partners and its fans across the globe, the organization is excited for the opportunity to build on its winning tradition of more than 620 race wins, over 680 pole positions and 44 championships this season.