Newgarden and Penske staying together for 2025 and beyond

Josef Newgarden and Team Penske will chase more wins in the future after both sides came to terms on a new contract extension that will keep the Tennessean in the No. 2 Chevy for 2025 and beyond.

“Josef Newgarden is a true winner, and we are excited that he will continue as a part of Team Penske for years to come,” team owner Roger Penske said of the new multi-year deal. “What he did Sunday in the Indianapolis 500 shows how Josef consistently delivers for our team and our partners on the track, and he is just as impressive off the track as well. We are proud to have Josef continue with our organization as his skill and passion embody what it means to be a Team Penske driver.”

Newgarden, who joined the team in 2017, won two championships for Penske in 2017 and 2019, and has added a pair of Indy 500 victories in 2023-2024. Although his options in free agency were limited, talks were held with at least one team—believed to be Arrow McLaren—as the 33-year-old sought a salary increase befitting of his achievements and stature in the series.

“Driving for Roger Penske and this iconic team is a dream that I never thought I would realize,” Newgarden said. “I’m thankful for the opportunities that I’ve been given during my time at Team Penske. I have a great amount of respect for the individuals that comprise our group, including the partners who support us. Our time together has been filled with hard work, teamwork and dedication; and I’m so excited that we will continue on for many more years to come. I’m sure that we can achieve much more in the future. I still believe we haven’t reached our full potential together just yet.”