Hitachi Automotive to Sponsor No. 3 Team Penske IndyCar at Nine Races in 2013

  Hitachi Automotive to Sponsor No. 3 Team Penske IndyCar at Nine Races in
  2013

  Sponsorship Renewal for 2013 Will Be Leveraged for Multiple Hitachi Group
                                  Companies

Business Wire

HARRODSBURG, Ky. -- November 29, 2012

Hitachi Automotive Systems Americas, Inc., a wholly owned subsidiary of
Hitachi America, Ltd. today announced that Hitachi Automotive Systems will
serve as the primary sponsor for nine races on the No. 3 Team Penske
Dallara/Chevrolet driven by three-time Indianapolis 500 winner Helio
Castroneves in the 2013 IZOD IndyCar Series. Hitachi Automotive Systems began
its partnership with Team Penske for the 2012 season as the primary sponsor on
the No. 2 Team Penske IndyCar. While the sponsorship is held by Hitachi
Automotive Systems, the 2013 sponsorship will be leveraged to benefit multiple
Hitachi Group companies in the Americas.

Helio Castroneves will drive the Hitachi car for Team Penske in 9 primary
races in 2013. (Photo: Bus ...

Helio Castroneves will drive the Hitachi car for Team Penske in 9 primary
races in 2013. (Photo: Business Wire)

“Hitachi is a world-class company that has proven to be a terrific partner for
us during the 2012 season,” said Roger Penske, Founder and Chairman of Penske
Corporation. “The technical expertise Hitachi provides to Chevrolet in its
IndyCar engine program underscores this relationship and represents a winning
formula on many levels. We are pleased to have them back on board for the 2013
season.”

In 2013, the Hitachi primary sponsorship for the No. 3 machine driven by
Brazilian-native Castroneves in the IndyCar Series will be for races in St.
Petersburg, Fla; São Paulo, Brazil; Detroit (doubleheader race weekend);
Newton, Iowa; Long Pond, Pa; Toronto, Canada (doubleheader race weekend) and
Sonoma, Calif. Hitachi will also serve as an associate sponsor for all other
IndyCar races during the 2013 season.

“We’re very excited to be back with Team Penske in 2013 and we look forward to
working with Helio and the No. 3 car team,” said Rob Sharpe, Hitachi
Automotive Systems Americas, Inc., Vice President of Sales and Marketing. In
addition to its sponsorship, Hitachi Automotive Systems supplies several
components on the Chevy IndyCar race engine. “Hitachi Automotive has a long
standing relationship with General Motors and we will continue to collaborate
on the fuel system delivery for Chevy’s racing engine used in the 2013
IndySeries. Our involvement with the engine itself gives added significance to
this partnership,” Mr. Sharpe continued.

Additionally, Lauren Raguzin, Director, Branding and Corporate Communications
Group for Hitachi America, Ltd., noted, “This sponsorship provides great
visibility for the Hitachi brand in the Americas. We look forward to working
with Team Penske to leverage the strong brand recognition by involving
multiple companies within the Hitachi Group and look forward to an exciting
year. The recent NASCAR Cup Series championship won by Penske Racing clearly
exemplifies the motor sports expertise Penske commands and we are thrilled to
partner with them in 2013.”

About Hitachi Automotive Systems, Ltd.

Hitachi Automotive Systems, Ltd., is a wholly-owned subsidiary of Hitachi,
Ltd., headquartered in Tokyo, Japan. The company is engaged in the
development, manufacture, sales and services of automotive components,
transportation related components, industrial machines and systems, and offers
a wide range of automotive systems including engine management systems,
electric power train systems, drive control systems and car information
systems. For more information, please visit the company's website at
http://www.hitachi-automotive.co.jp/en/.

About Hitachi Automotive Systems Americas, Inc.

Hitachi Automotive Systems Americas, Inc., a subsidiary of Hitachi America,
Ltd., manufactures, remanufactures and markets a wide range of automotive
systems including engine management systems, electric power train systems,
drive control systems and car information systems for all major automotive
original equipment manufacturers and aftermarket customers worldwide,
providing leadership within Hitachi Automotive Systems’ global operations as
the regional headquarters in the Americas. The company is headquartered in
Harrodsburg, KY. For more information, please visit www.hitachi-automotive.us.

About Hitachi America, Ltd.

Hitachi America, Ltd. headquartered in Tarrytown, New York, a subsidiary of
Hitachi, Ltd., and its subsidiary companies offer a broad range of
electronics, power and industrial equipment and services, automotive products
and consumer electronics with operations throughout the Americas. For more
information, visit www.hitachi-america.us. For more information on other
Hitachi Group companies in the United States, please visit www.hitachi.us.

About Penske Racing

Penske Racing is one of the most successful teams in the history of
professional sports. Competing in a variety of disciplines, cars owned and
prepared by Penske Racing have produced 364 major race wins, 423 pole
positions and 24 National Championships, including the 2012 NASCAR Sprint Cup
Series title. The team has also earned 15 Indianapolis 500 victories and 165
IndyCar wins. For more information about Penske Racing, please visit
www.penskeracing.com.

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Contact:

Hitachi Automotive Systems Americas, Inc.
Rob Sharpe, 248-442-6733
rob.sharpe@hitachi-automotive.us
or
Hitachi America, Ltd.
Lauren Raguzin, 914-333-2986
lauren.raguzin@hal.hitachi.com
 
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