ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

PPG Named Official Paint and Finishing Supplier of Indianapolis Motor Speedway, NTT INDYCAR SERIES

By: via Business Wire

PPG (NYSE: PPG) has reached an agreement to become the Official Paint and Finishing Supplier of the Indianapolis Motor Speedway (IMS) and the NTT INDYCAR SERIES.

As part of the multiyear agreement, PPG is also the Official Sponsor of Indianapolis 500 qualifying weekend. Drivers will compete for the prestigious Indianapolis 500 pole and one of the coveted 33 spots in the field for “The Greatest Spectacle in Racing” during PPG Presents Armed Forces Qualifying on Saturday, May 21 and Sunday, May 22 at IMS.

“PPG is one of the most loyal and trusted partners in the history of our sport, and we’re proud to pair IMS and INDYCAR with such an iconic and globally recognized brand,” Roger Penske said. “Like us, PPG is built on quality and leadership in the marketplace with a strong tradition of excellence spanning more than a century. We look forward to seeing and supporting PPG’s sponsorship activation, especially during Indy 500 qualifying weekend.”

“We are excited to continue and further expand our relationship with racing and specifically with the historic Indianapolis Motor Speedway,” said Michael McGarry, PPG chairman and chief executive officer. “PPG paints, coatings and specialty materials have been used throughout racing for decades, and now to have them be part of the future INDYCAR SERIES and IMS experience is an exciting opportunity. Our company purpose is ‘to protect and beautify the world,’ and this partnership will provide opportunities to bring this to life in new and colorful ways.”

The partnership revives a relationship between PPG, IMS and INDYCAR that began decades ago. PPG served as the title sponsor of the INDYCAR SERIES from 1980 to 1997. The company sponsored the Indianapolis 500 Pole Award and was an Indy 500 contingency sponsor from the mid-1970s until the late 1990s. PPG sponsored the winner’s trophy for the NASCAR Brickyard 400 at IMS from its inaugural race in 1994 through 2000.

PPG has enjoyed a longstanding relationship with Team Penske in both the NTT INDYCAR SERIES and NASCAR, dating back to 1984 when PPG provided the paint for Team Penske’s numerous race cars. Today, PPG’s involvement with the team includes primary sponsorship of Team Penske’s cars in both INDYCAR and NASCAR.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE: PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Automotive Refinish

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  232.35
-2.07 (-0.88%)
AAPL  284.63
-1.56 (-0.55%)
AMD  216.63
+1.39 (0.65%)
BAC  54.17
+0.98 (1.85%)
GOOG  321.39
+5.37 (1.70%)
META  644.15
-2.95 (-0.46%)
MSFT  483.07
-6.93 (-1.41%)
NVDA  180.59
-0.88 (-0.48%)
ORCL  207.32
+6.22 (3.09%)
TSLA  446.48
+17.24 (4.02%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.