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Team Penske (formerly Penske Racing) is an American professional stock car racing and open wheel racing team that currently competes in the IndyCar Series and NASCAR Sprint Cup Series, and the Xfinity Series. Debuting at the 1966 24 Hours of Daytona, the team has also competed in various other types of professional racing such as Can Am, Trans Am and Formula One. Team Penske is a division of Penske Corporation, and is owned and chaired by Roger Penske. The team president is Tim Cindric.