Team Penske (formerly Penske Racing) is an American professional auto racing organization, competing in the IndyCar Series, NASCAR Cup Series, IMSA SportsCar Championship and FIA World Endurance Championship. Debuting at the 1966 24 Hours of Daytona, the organization has also competed in various other types of professional racing such as Formula One, Can-Am, Trans Am, FIA World Endurance Championship and Australian Supercars. Altogether, Team Penske has earned over 500 victories and over 40 championships in all of auto racing. Team Penske is a division of Penske Corporation, and is owned and chaired by Roger Penske. The team president is Tim Cindric. IndyCar Series Team Penske currently fields three cars: the No. 2 Hitachi Dallara/Chevrolet for Josef Newgarden, the No. 3 DEX Imaging Dallara/Chevrolet driven by Scott McLaughlin, and the No. 12 Verizon Dallara/Chevrolet driven by Will Power. Notable past drivers include 4-time Indianapolis 500 winners Al Unser, Rick Mears, and Helio Castroneves. Prior to the 2022 race, Team Penske has won the Indy 500 a record 18 times. The team has won the series championship 16 times. The open-wheel racing portion of Penske Racing had been based in Reading, Pennsylvania since 1973 with the cars, during the Formula One and CART era, being constructed in Poole, Dorset, England, which was also the base for the F1 team. On October 31, 2005, Penske Racing announced after the 2006 IRL season, they would consolidate IRL and NASCAR operations at the team's Mooresville North Carolina facility; with the flooding in Pennsylvania in 2006, the team's operations were moved to Mooresville earlier than expected. IndyCar history Early days Roger Penske has been involved with IndyCar racing since 1968, when his team first fielded a stock block-powered Eagle with Mark Donohue. The organization first competed at Indianapolis in 1969, and within three years had become the team to beat, winning the race with Donohue in 1972. In 1978, Penske along with Pat Patrick, Dan Gurney, and several other team owners who had been participating in USAC events involving cars known as Champ Cars and IndyCars formed Championship Auto Racing Teams (CART). As of June 27, 2018, Penske Racing has won the Indianapolis 500 17 times, won the Indianapolis 500 pole position 17 times, as well as 200 open wheel IndyCar wins in USAC, CART and IRL (as of May 19, 2018), 29 of which are in 500-Mile Races and 13 open-wheel championships. Penske Racing has