Roger Penske and Penske Entertainment made big news Thursday morning, that it is the new owner of the Long Beach Grand Prix.

Roger Penske on Thursday added the most prestigious street race in North America to his portfolio with the purchase of the ...

Roger Penske, 87, keeps on the accelerator by acquiring the Long Beach street race to go with his IndyCar holdings.

The auto racing icon once owned Ontario Motor Speedway and was instrumental in developing California Speedway in Fontana.

Roger Penske on Thursday added the most prestigious street race ... a deal that ensures the Southern California race remains ...

Roger Penske has just added another notch in his auto racing belt. The billionaire purchased the Long Beach Grand Prix. The ...

Penske Entertainment has acquired the Grand Prix of Long Beach from Gerald R. Forsythe, the organization announced Thursday.

Penske Entertainment's acquisition of the Grand Prix of Long Beach aims to improve the IndyCar series and its flagship event ...

At least that is what Roger Penske told The Associated ... Most major trophies say Penske this year. The IndyCar team — rocked by its own cheating scandal in the season-opening race — won ...

PHOTOS: Roger Penske closes nearly perfect motorsports season with 3rd consecutive NASCAR championship The IndyCar team - rocked by its own cheating scandal in the season-opening race - won six ...