The global business alliance provides an opportunity for Shell and Pennzoil to expand their presence not only within [image-nocss] motorsports, but also as a preferred supplier of fuels, lubricants and related products to the Penske organization. Beginning in 2011, Shell and Pennzoil will be the "Official Fuel and Motor Oil Supplier" to the Penske organization in the U.S., and the organizations will look to extend their alliance with business development opportunities in several other countries.
This alliance continues to enable further product development for Shell and Pennzoil both on and off the track through the invaluable knowledge gained surrounding fuels, lubricants and engine technologies. Like Shell and Pennzoil, Penske has a close relationship with Chrysler and Ferrari, both part of the Fiat Group.
As part of the alliance, Pennzoil will become the "Official Motor Oil" of Penske Racing in 2011, which includes all of its entries in the NASCAR Sprint Cup and Nationwide Series as well as the IZOD IndyCar Series. For Pennzoil, returning to Penske is a homecoming of sorts as Pennzoil first aligned with Penske as part of its IndyCar teams in 1983 and won the 1984 and 1988 Indianapolis 500 Mile Races with driver Rick Mears. In addition, Kurt Busch won his 2004 NASCAR Sprint Cup Series championship driving a Pennzoil-supported car for another team.
Shell isa major U.S.lubricants supplier and gasoline brand with more than 14,000 branded stations selling Shell V-Power. Shell has a strong motorsports history aligning with race teams since the 1920s.
In addition to the alliance with Penske Racing, Shell currently has several motorsport technical co-operation programs in place, including Ferrari in Formula 1, Ducati in MotoGP and with Richard Childress Racing and Hendrick Motorsports in NASCAR.
Penske is a diversified transportation services company whose subsidiaries operate in a variety of segments, including retail automotive, truck leasing, transportation logistics, transportation component manufacturing and professional motorsports. Cars owned and prepared by Penske Racing have produced more than 315 major race wins, more than 370 pole positions, 15 Indianapolis 500 victories and 22 national championships.
Shell Oil Products US, a subsidiary of Houston-based Shell Oil Co., is a leader in the refining, transportation and marketing of fuels and has a network of approximately 6,100 branded gas stations in the western United States. Shell Oil is a 50% owner of Motiva Enterprises LLC, along with Saudi Refining Inc. Motiva refines and markets branded products through more than 8,300 Shell-branded stations in the eastern and southern United States.
The Pennzoil line of quality products meets or exceeds industry specifications to offer exceptional engine cleansing and protection, and includes Pennzoil Ultra motor oil with Hyper Cleansing Technology, Pennzoil Platinum Full Synthetic motor oil, Pennzoil SUV, Truck & Minivan motor oil, Pennzoil High Mileage Vehicle motor oil, Pennzoil motor oil, Pennzoil Marine engine oil and Pennzoil specialty oils.
Pennzoil is produced and marketed by Shell Lubricants.
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