Team Penske (formerly known as Penske Racing) is an American professional auto racing organization that competes in the IndyCar Series, NASCAR Cup Series, and the IMSA SportsCar Championship. The team made its competitive debut at the 1966 24 Hours of Daytona and has since participated in a wide range of professional motorsport disciplines, including Formula One, Can-Am, Trans-Am, and Australia's Supercars Championship.

Over the course of its history, Team Penske has amassed more than 500 race victories and secured over 40 championships across various categories of auto racing. 

The team operates as a division of Penske Corporation and is owned and chaired by Roger Penske.

From 1968 the team competed in the American formula racing championship, until 1978 in the predecessor of the Champ Car championship organized by the United States Automobile Club and from 1979 in the Champ Car championship. Mark Donohue won the first race for the team in 1971 at the Pocono circuit. American driver Rick Mears won the first ever Champ Car championship organized by the CART in 1979 for the team. He also won the championship in 1981 and 1982. In total, the Champ Car championship was won nine times. In 1999, Uruguayan Penske driver Gonzalo Rodríguez was killed at the Leguna Seca circuit.

After the split between the Champ Car and the IndyCar Series in 1996, the team continued to drive in the Champ Car series. In 2001, it competed in the IndyCar Series for the first time, when it competed in the race at Indianapolis that year. From 2002, the team made the switch to the IndyCar Series. Brazilian driver Hélio Castroneves finished second in the final championship standings that year. In 2006, American driver Sam Hornish Jr. won the team's first championship in this series. In 2009 and 2010, Australian drivers Ryan Briscoe and Will Power and Brazilian Hélio Castroneves are the drivers for the team. Power, who worked part-time in 2009, will ride a full season in 2010.

Fifteen times a driver crossed the finish line as the winner during the legendary Indianapolis 500. The first victory was achieved by Mark Donohue in 1972. Record holder Rick Mears won all four of his victories at Indianapolis in a Penske car. After the split between the Champ Car and the Indy Racing League, the team did not participate in the race between 1996 and 2000. In 2001 it participated again and Hélio Castroneves won immediately, which he repeated in 2002 and 2009.

The NASCAR operation of the racing team Team Penske is a unit based in Mooresville, North Carolina, US. The team fields Ford Mustangs in the NASCAR Cup Series and has won a total of five drivers' championships and over 170 races over both Cup and Xfinity series.

The team debuted in 1972 at Riverside International Raceway.  Penske sold his machinery to the Elliott family in 1977 and got out of NASCAR. The team did not run for eleven years, returning in 1991.

In 2014, the team changed their name branding from "Penske Racing" to "Team Penske" to match their IndyCar name.

In April 2005, it was announced that Porsche would build an Automobile Club de l'Ouest (ACO) sanctioned LMP2 Class Prototype that would be entered by Penske Racing in the American Le Mans Series and thus formally competed as DHL Porsche Penske Racing in a reference of Porsche Motorsport works team.

In 2006, Penske Motorsports fielded two LMP2 Porsche RS Spyder in the American Le Mans Series, but did not run the 2006 24 Hours of Le Mans in June. The Penske cars combined to win seven class victories and the overall win at Mid-Ohio. Penske Racing won the LMP2 team championship.

Penske started their 2008 season with an overall win in the 12 Hours of Sebring. This was Porsche's first overall win in the race since 1988 in a Porsche 962.

Penske competed in the Formula One World Championship as a chassis constructor from 1974 to 1977 and as a works team from 1974 to 1976. Although the cars were built at the British base in Poole, the works team held an American licence. Excluding the Indianapolis 500, Penske is, along with the All American Racers, one of only two American constructors to have achieved a win in a Formula One race.

In 1973, Penske purchased the facilities of small racing car manufacturer McRae Cars Ltd in Poole, Dorset in the UK. McRae Cars had been founded by New Zealand racing driver and constructor Graeme McRae, a designer and competitor in the F5000 racing formula. Starting with just six employees, Penske appointed his then Porsche Can-Am team manager, Swiss Heinz Hofer, as F1 manager, and Geoff Ferris as chief engineer/designer. Rounding-out the F1 team was Karl Kainhofer, Penske's long-standing chief mechanic and engine builder, who joined the UK operation in mid 1974

In the 1974 Canadian Grand Prix Penske presented  their own works team and own chassis, the Penske PC1, a standard tub built around a Cosworth DFV engine and a Hewland gearbox. Donohue took the car to 12th place on its debut.

pc1

The Penske PC1 was a Formula One racing car developed and raced by Penske Racing during the 1974 and 1975 Formula One seasons. The car was designed by Geoff Ferris, and was raced by drivers Mark Donohue and John Watson.

The PC1 entered and competed in 12 Grands Prix, and was replaced by the Penske PC3 in the 1976 season.

The PC1 had an aluminium monocoque chassis built around a Ford Cosworth DFV 3.0-litre V8 engine and a Hewland FG 400 gearbox. 

The Penske team scored no World Championship points during the 1974 year and Roger Penske planned a full season with the PC1 for 1975, but it turned out to be a difficult season for the Penske team. The Penske team scored two World Championship points during the 1975 year.

pc3

The Penske PC3 was a Formula One car used by Citibank Team Penske during the 1976 Formula One season, It was designed by Geoff Ferris.

In 1976 Penske signed a sponsorship deal with Citibank and built a new car, the Penske PC3. Northern Irish driver John Watson was signed to drive the car. which retained some of the design features from its predecessors, the Penske PC1, and the March 751. The PC3 was a development of the March 751 and bore a close resemblance to it. In total, two cars were constructed with one being driven by Watson.

The PC3 was not as good as had been hoped and in the midseason Penske produced a new Penske PC4 from the Swedish Grand Prix onwards.

The Penske team scored 20 World Championship points in 1976, two with the PC3 and 18 with the PC4. Earning them fifth place in the Constructors' Championship.

The PC3 had a Ford Cosworth DFV 2993 cc  V8 naturally aspirated Mid-engine,  mounted to a Hewland FG 400 5-speed manual transmission.

pc4

The Penske PC4 was a Formula One car used by Team Penske during the 1976 and was driven to victory in that year's Austrian Grand Prix by John Watson, scoring the last win for an American-licensed constructor in a F1 race and, excluding the Indianapolis 500, also one of only two wins of an American-licensed constructor in Formula One. It was used for most of the following season by ATS Racing and Interscope Racing also used the PC4 for two races that year.

The Penske PC4 was designed by Geoff Ferris. It featured a low monocoque tub with hip radiators. After a poor debut in Sweden, its aerodynamics were revised and the wheelbase extended. Three chassis were built by Team Penske during the course of the 1976 season.

A total of 18 points were scored with the PC4, and with two points scored with the PC3, the Penske team placed fifth in the Constructor's Championship, with Watson 7th in the Driver's Championship. Penske withdrew from Formula One at the end of the season, the team opting to focus on Indycar racing.

German industrialist Günter Schmid brought the Penske PC4 chassis for his newly formed ATS Racing team, set up to participate in the 1977 Formula One season.

ATS’s Formula One adventure started in 1977 when the team bought up Penske Racing’s retired PC4 chassis. French driver Jean-Pierre Jarier delivered an encouraging debut with a 6th-place finish at Long Beach.

After BMW pulled its engines, Schmid had no choice but to shut down ATS’s F1 programme at the end of 1984.

In the 1979 season Penske designed and built the Rebaque HR100 car for wealthy Mexican 'gentleman driver' Héctor Rebaque. The car was entered for the final three races of the season, but either failed to qualify or to finish in each case.

Team Rebaque was a Mexican Formula One entrant and constructor, based in Leamington Spa, UK. They participated in 30 Grands Prix, initially entering cars bought from Team Lotus, before finally building a car of their own. The Rebaque HR100 was entered for the team's final three races before the team's closure.

The team qualified to race on 19 occasions, and achieved one World Constructors' Championship point with its best finish of sixth at the 1978 German Grand Prix. As of 2026, Rebaque is the most recent owner-driver in Formula 1.