Newman/Haas Closing Up Shop

Newman/Haas Racing has elected to forego its involved in the 2012 Izod IndyCar Series Season, citing financial and economic issues. “The economic climate no longer enables Newman/Haas Racing to participate in open wheel racing at this time,” said Carl Haas, owner and co-founder of Newman/Haas Racing.

The Illinois-based outfit was one of the most successful in open history, earning eight championships since it was found in 1983 by Haas and actor Paul Newman. Some of the theirs included Mario and Michael Andretti, Nigel Mansell, Paul Tracy, Sebastien Bourdais, Christian Fittipaldi, Christiano da Matta, Graham Rahal, Justin Wilson, and Bruno Junqueira. In 2011, they competed with Oriol Servia and James Hinchcliffe.

More will come as it develops.