Penske Racing Statement on Talladega Penalty

April 28, 2010

Tim Cindric - President, Penske Racing
Statement Regarding the No. 22 Car Talladega Post-Race Inspection:

"In addition to NASCAR's investigation regarding the shock and spring of the No. 22 car in the Talladega Nationwide Series race, Penske Racing conducted an internal investigation to determine why the car did not pass post-race inspection. The No. 22 car has been selected for post-race inspection over the previous six races and has passed each inspection.

We were unable to disassemble the shock in question with NASCAR following the race. We are confident that the shock malfunctioned during the event and was not working as intended. With regard to the spring, we have concluded that the combined spring rate of the No. 22 car springs were above the 3,000 pound/inch minimum while the spring in question was rated on NASCAR's spring rate tester earlier this year when it was found to be in excess of the 800 pound/inch minimum. The spring has not been used for any purpose since it was last rated with NASCAR and it was found to be 40 pounds/inch under the minimum spring rate following the Talladega race. The unusual deterioration of the rate of this spring is not within our control and it is unfortunate that we are in this position. We are confident that there was no intent on behalf of Paul Wolfe, or any other member of the No. 22 team, to circumvent NASCAR's rules. We understand NASCAR's penalty and we do not plan to appeal."