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 Penske to pull the pin?

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T O P I C    R E V I E W
skaifeman Posted - 02 Apr 2020 : 14:28:31
Coming from a comment by oldtimer in the 'Who will replace Scotty' topic.
And now the Racing Insiders podcast (ep. 29) suggest that Penske have one foot out the door!

Their comments also suggested that Penske and Story are now the only share owners? Did DJ sell off?
Gives reason as to why Story wasn't given the flick after 'that' interview last year.

Holden gone, does the 'cap see no future here? If Penske pull the plug, I guess it means Ford would too? I highly doubt the blue oval would be here if Roger didn't say so...

15   L A T E S T    R E P L I E S    (Newest First)
SetonFan Posted - 05 Jun 2020 : 18:10:43
Unfortunately I think it's the right move - I don't see staff levels in the category ever returning to the same levels.
joe5619 Posted - 05 Jun 2020 : 11:09:13
Any business that has been affected by Covid-19 (which is most), need to look at reducing overheads & this normally starts with staff. I'd be more worried if teams thought they can continue unchanged, because these are the ones that won’t be here in 6 months time.

Sad times, but this is the reality of where the world is at the moment.
adzy_B Posted - 05 Jun 2020 : 08:47:23
Not good times.
To me that article sounds a lot like it was written by an unhappy ex employee tho.
REM Posted - 05 Jun 2020 : 08:02:28
https://autoaction.com.au/2020/06/05/penske-purge-as-crisis-looms?fbclid=IwAR1x8ttpU0OMnzXNDnKmFwdwC9b-cLA6XGH1B4eblUIpbNWBtHXPx7bzfz0

Supercars super-squad DJR Team Penske has sacked staff as the economic impact of the coronavirus crisis takes hold.

By MARK FOGARTY

AUTO ACTION has learned DJRTP laid off at least five employees early this week.

Among those let go was media manager Ben Nightingale, who confirmed his termination on Facebook.



The sackings happened on Tuesday, just over three weeks before the return of Supercars racing at Sydney Motorsport Park on June 27-28.

AA understands that DJRTP is not the only team to shed staff, despite the federal government’s JobKeeper wage subsidies.

A leading Holden team is believed to have stood down at least 10 staff.

Most others have also trimmed their personnel.

Supercars itself has been down to as few as five of more than 80 full-time employees recently, with more to return in the lead-up to the SMP resumption.

However, Supercars and most of the teams are unlikely to reinstate staff their pre-pandemic levels.

DJRTP’s axings are concerning because, along with Triple Eight, it is the most heavily commercially supported team.



There is speculation that funding from the parent Penske organisation has been pulled amid huge cutbacks.

DJRTP relies on the Penske racing formula of business-to-business sponsorship deals with major partners like Shell.



Those B2B arrangements are under duress as the world economy declines because of the COVID-19 lockdown.

Apparently ordered from America, the DJRTP sackings were swift.

AA understands the terminations were immediate, with the sacked employees ‘escorted’ from the team’s premises at Stapylton, between Brisbane and the Gold Coast, upon notification on Tuesday.

The most high-profile victim was popular media manager Ben Nightingale, who joined DJRTP in 2017.

A former specialist motoring writer, Nightingale previously worked in communications with Supercars, Tekno Autosports and Team 18.

He was particularly effective during DJRTP’s many controversies in 2018 and last year.

His exit suggests that DJRTP places little importance on informing fans through the media.

To AA’s knowledge, no other team has sacked its media relations person.

Penske Corporation boss Roger Penske, a racing enthusiast, is having to make hard decisions to secure the survival of his global enterprise.

It is not hard to imagine that Penske’s interests in Australia and New Zealand, including DJRTP, are relatively low priorities.

Also no wonder in the current environment is that there have been persistent rumours that Penske will pull out of Supercars.

That speculation has been denied, but the current crisis makes it plausible.

DJR Team Penske is majority-owned by Team Penske in the USA, with most of the rest held by independently wealthy team principal Ryan Story. Team figurehead Dick Johnson also has a small stake.
Dasha Posted - 01 May 2020 : 10:59:27
quote:
Originally posted by AlbertM

Difference is, Penske broke almost a decade of 888 domination. Mustang had 1 great year in front before it was knobbled.

Sends a clear message to any new manufactures that, if you do well, you'll get clipped.

Without a manufacturer challenger to Penske, what's the point?

I agree 100 %
skaifeman Posted - 16 Apr 2020 : 17:55:06
quote:
Originally posted by joe5619

quote:
Originally posted by Mechz

quote:
Originally posted by joe5619

quote:
Originally posted by AlbertM

To bad such parity wasn't enforced when Volvo and Nissan were involved and the the "fat wallet" of 888 cleaned up.

People really need to build a ****en bridge!!!



Why should they? We might have a better series now with less impact from the Holden exit if the other 3 brands were even mildly competitive (barring a couple of Volvo wins that were undoubtedly more to do with Scotty's driving skills).

1) Merc was never in
2) Volvo left for reasons not related to Holden or parity
3) Nissin left becuase of lack of results & themselves + Kelly's have some blame in that if you ask me


Agree 100% on the top two. We've discussed Volvo in previous threads and to suggest they left for anything else other than what they did is ridiculous.
Merc never wanted in, but enjoyed taking fistfuls of cash from Betty. It was her mistake from the beginning to push her way.
They were even given concession/rule changes to use flatplane cranks and FBW, which was never done before (and from memory not allowed). IIRC Nissan were kept in the dark about this.

Disagree with Nissan (as eluded above). Supercars should've had a set of engine regs that allowed them to run something they (and anyone entering) preferred. The engine regs released a couple years ago were 5 years too late.
This in turn might've had Merc properly interested, or brought more takers onboard.

This was all done not to advantage Holden - like most alfoil lovers on here would love to think. It kept both FORD and HOLDEN well and truly with their foot in the door because of the (now dwindling) V8 culture in Australia. Ford v Holden was their key market at the time, so the regs had to suit them - now proven a bad business move.

And after all this, Ford gaining maximum advantage of the regs in recent years (plus a little beyond), it would seem they've gained the most from it... and still (possibly) want to pull the pin. Which is where this discussion lies...

@ REM - You're on point. If Ford stays, I'd say that's because the Captain is. Unless Tickford hold the key to most of their future Mustang sales (with the performance shop and all).

joe5619 Posted - 16 Apr 2020 : 16:52:24
quote:
Originally posted by Mechz

quote:
Originally posted by joe5619

quote:
Originally posted by AlbertM

To bad such parity wasn't enforced when Volvo and Nissan were involved and the the "fat wallet" of 888 cleaned up.

People really need to build a ****en bridge!!!



Why should they? We might have a better series now with less impact from the Holden exit if the other 3 brands were even mildly competitive (barring a couple of Volvo wins that were undoubtedly more to do with Scotty's driving skills).

1) Merc was never in
2) Volvo left for reasons not related to Holden or parity
3) Nissin left becuase of lack of results & themselves + Kelly's have some blame in that if you ask me
Mechz Posted - 16 Apr 2020 : 15:30:06
quote:
Originally posted by joe5619

quote:
Originally posted by AlbertM

To bad such parity wasn't enforced when Volvo and Nissan were involved and the the "fat wallet" of 888 cleaned up.

People really need to build a ****en bridge!!!



Why should they? We might have a better series now with less impact from the Holden exit if the other 3 brands were even mildly competitive (barring a couple of Volvo wins that were undoubtedly more to do with Scotty's driving skills).
joe5619 Posted - 15 Apr 2020 : 22:37:54
quote:
Originally posted by AlbertM

To bad such parity wasn't enforced when Volvo and Nissan were involved and the the "fat wallet" of 888 cleaned up.

People really need to build a ****en bridge!!!
HydroRacer Posted - 13 Apr 2020 : 18:40:30
quote:
Originally posted by CP

Roger came here to win and to sell more trucks.

Championships were won, the Bathurst 1000 was won (in disputed circumstances) and sales of MAN and Western Star trucks are up.

It's almost as if this racing thing was entirely a ruse to sell more trucks and Detroit engines.



Along with all other Heavy Vehicle sales. Drawing a very long bow there mate.......HV sales are cyclic and were drawn into line with the GFC. Suggesting this has anything to do with Scotty winning is very wishful thinking
REM Posted - 11 Apr 2020 : 13:29:49
Can’t comment on Penske per se, but in the current AA, Seamer has been getting good support and commitment from Kay at Ford in recent days.....by inference it’s hard to imagine if Penske were going to pull the plug?
Legendary Gerry Posted - 09 Apr 2020 : 14:11:42
quote:
Originally posted by Legendary Gerry

I thought this thread was about a Penske rumour...
Obviously, my bad.



For those who still seem to be having some difficulties...


AlbertM Posted - 09 Apr 2020 : 13:55:58
To bad such parity wasn't enforced when Volvo and Nissan were involved and the the "fat wallet" of 888 cleaned up.
troy01505 Posted - 09 Apr 2020 : 09:01:03
quote:
Originally posted by AlbertM

Difference is, Penske broke almost a decade of 888 domination. Mustang had 1 great year in front before it was knobbled.

Sends a clear message to any new manufactures that, if you do well, you'll get clipped.

Without a manufacturer challenger to Penske, what's the point?



Yes a clear message that they’ll enforce parity regardless of how fat your wallet is

That’s not what the topic is about though!

You have to agree that Penske is smart enough to pull the pin before the sport totally crashes and burns

AlbertM Posted - 08 Apr 2020 : 21:13:08
Difference is, Penske broke almost a decade of 888 domination. Mustang had 1 great year in front before it was knobbled.

Sends a clear message to any new manufactures that, if you do well, you'll get clipped.

Without a manufacturer challenger to Penske, what's the point?

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