Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Newman-Haas Racing Pulls Out of IndyCar Series After 29 Seasons

Dec. 2 (Bloomberg) -- Newman-Haas Racing, co-founded by the late actor Paul Newman, is pulling out of the 2012 IndyCar Series after 29 seasons of competition.

“The economic climate no longer enables Newman-Haas Racing to participate in open-wheel racing at this time,” co-founder Carl Haas said last night on the team’s website.

Last season, the team finished fourth in the IndyCar Series with Oriol Servia. Driver James Hinchcliffe was chosen Rookie of the Year.

From 1983-2011, Newman-Haas drivers earned eight championships, 107 race wins and 109 pole positions.

The Lincolnshire, Illinois-based team never won the Indianapolis 500, although it employed some of the most notable drivers in race history, including Mario Andretti, Nigel Mansell, Paul Tracy and Christian Fittipaldi.

To contact the reporter on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.