NASHVILLE — Bridgestone and Penske Entertainment, owners of IndyCar, the Indianapolis Motor Speedway and the Indianapolis 500, announced a long-term contract extension Thursday at Bridgestone Americas headquarters.
It will keep Firestone as the sole tire supplier for all IndyCar Series races, the Indy NXT by Firestone developmental series and the annual Indianapolis 500.
The extension reinforces Bridgestone’s ongoing commitment to driving innovation through motorsports. The Firestone brand continues its rich history in open-wheel racing, dating back more than a century.
“Our relationship with the team at Bridgestone continues to set an industry standard for success and innovation,” said Roger Penske, Chairman of Penske Corp.
“Firestone has been a foundational partner for our sport, from the very first Indy 500 to now, playing an integral role in the development of the NTT IndyCar Series and its
highly competitive racing.
“We’re extremely proud to carry this long-term partnership forward into a very exciting and productive future together.”
The 2024 NTT IndyCar Series Championship will be decided in Sunday’s Big Machine Music City Grand Prix at Nashville Superspeedway. Louis Foster has already clinched the 2014 Indy NXT Championship, but that series also conducts its final race of the season on Sunday.
During a season when IndyCar has had to navigate some unexpected obstacles both on and off the track, the long-term extension is a very positive note in the business of racing.
Through the Firestone brand, Bridgestone has worked closely with IndyCar and partners across the paddock to help advance developments in more sustainable racing. Bridgestone incorporated certain materials made from hard-to-recycle plastics and palm oil waste residue in Indy 500 race tires in 2023 and 2024.
The company has also used guayule-derived natural rubber in the sidewall of alternate race tires the past two seasons.
Both Bridgestone and Firestone are involved in creating sustainability goals to help make racing more sustainable, an important initiative from the Penske Corp.
The long-term extension includes Firestone’s role as presenting sponsor and sole tire supplier of the top-tier development series, Indy NXT by Firestone. The brand signed as presenting sponsor of Indy NXT in 2023 to help the sport develop the next generation of racing talent and engage new audiences. The agreement also renews Firestone’s status as official partner and tire supplier of the Indianapolis Motor Speedway, the largest spectator sporting facility on the planet.
“At Bridgestone, motorsports are our passion — always have been and always will be. This is particularly true for our Firestone brand, which has been part of world-class
racing since winning the first Indy 500 in 1911,” said Paolo Ferrari, Executive Chairman and CEO, Bridgestone Americas. “We believe motorsports are the ultimate challenge for premium performance and a proving ground for advancing in our goals toward sustainable innovation.
“Our relationship with the NTT IndyCar Series has been a critical part of these efforts, and we are proud to keep driving forward together.”