Penske Racing Statement

June 29, 2012

In response to recent reports about its engine company, Tim Cindric, President of Penske Racing, issued the following statement:

"Contrary to recent published speculation, Penske Racing has not sold its engine company. The team's focus continues to be on successfully completing the 2012 season, competing for championships and victories in the both the Nationwide and Sprint Cup Series for Dodge and our other sponsor partners."