Former STP CEO, Indy 500-winning owner Andy Granatelli dead at 90 (VIDEO)

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UPDATE (7:58 p.m. ET): J. Douglas Boles, the president of the Indianapolis Motor Speedway, has issued the following statement regarding the death of Andy Granatelli this afternoon:

“Andy Granatelli – known appropriately as ‘Mister 500’ – understood better than anyone the spirit and challenge of the Indianapolis 500 and had a remarkable ability to combine innovative technologies with talented race car drivers to make his cars a threat to win at Indianapolis every year.

“Andy leaves a legacy of historic moments that will live forever in Indianapolis 500 lore including his famous turbine that dominated the 1967 Indianapolis 500, the Lotus 56 of 1968, and giving the great Mario Andretti a kiss on the cheek in victory lane after his 1969 win. Our thoughts and prayers are with Andy’s family, friends and legion of fans.”

Andy Granatelli (pictured, from 2010), former CEO of the STP motor oil company and one of the more notable innovators in the history of the Indianapolis 500, has passed away at the age of 90.

According to the Associated Press, his son, Vince, confirmed that he died of congestive heart failure earlier today in a hospital in Santa Barbara, California.

A member of multiple racing Halls of Fame, Granatelli was a significant figure for the “500,” especially in the late 1960s and 1970s. In the 1967 and 1968 races, he fielded radical, turbine-powered cars that did well but ultimately lost out in both races.

In ’67, Parnelli Jones lost a potential win with only a few laps to go when a transmission bearing failed and forced him to retire. Then in ’68, Joe Leonard suffered a fuel pump shaft failure while leading and also had to retire in the final moments.

But in 1969, Granatelli finally had his day at the Indianapolis Motor Speedway as Mario Andretti, driving with a more conventional engine, took his STP-backed No. 2 machine to victory over Dan Gurney.

Granatelli expressed his appreciation by kissing Andretti on the cheek in Victory Lane, creating one of the most beloved images in “500” history. Andretti has tweeted the following on Granatelli’s death this evening:

Four years later, in 1973, Granatelli would earn a second and final “500” win as a car owner thanks to driver Gordon Johncock.

“The thing that gave him the most gratification in his life was what he did at the Indianapolis 500,” Vince Granatelli told the AP.

But while Granatelli made an impact on the track, he did the same off of it as well by making STP one of the most well-known automotive brands in the world. In addition to serving as the product’s spokesman, Granatelli was instrumental in bringing STP on as a sponsor for NASCAR’s “King,” Richard Petty.

After a brief disagreement over what color Petty’s car would be (Granatelli wanting his STP day-glo red, Petty wanting his traditional ‘Petty blue’), a compromise was struck with both colors set to be used on the car.

The final result was one of the most iconic paint jobs in all of American motorsports, and to this day, Petty’s partnership with STP continues even though he ended his driving career in 1992. It is considered one of the most important sponsorship deals in NASCAR history.

Granatelli also served as a promoter of racing events during World War II, and is remembered especially for his work as president of the Hurricane Racing Association, a group that fielded both hot rod and stock car events at Chicago’s Soldier Field.

Our thoughts and prayers are with Granatelli’s family and friends at this time.

Michael Andretti looking forward to new Australian Supercars venture

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If it seems like Michael Andretti is out to conquer the world, he is – kind of.

The former IndyCar star turned prolific team owner has won three of the last four Indianapolis 500s and five overall, second only to Roger Penske’s 16 Indy 500 triumphs.

Along the way, in addition to expanding his own IndyCar and Indy Lights operation, the son of Mario Andretti and the primary shareholder of Andretti Autosport has also branched out into Global RallyCross and Formula E racing in recent years.

And now, Andretti has further expanded his brand internationally, following Penske to the world down under — as in the world of Australian V8 Supercars.

Andretti has teamed with Supercars team owner Ryan Walkinshaw, along with veteran motorsports marketer and executive director of McLaren Technology Group and United Autosports owner and chairman, Zak Brown.

Together, the three have formed Walkinshaw Andretti United, based in suburban Melbourne, Australia. The new team kicks off the new season with the Adelaide 500 from March 1-4.

“It’s just extending our brand and putting it out there,” Andretti told NBC Sports. “The Supercars are such a great series.

“It all started with Zach Brown calling me and said ‘You have to talk to Ryan Walkinshaw. He’s got something interesting to talk to you about.’

“We talked and literally in like a half-hour, we said, ‘Let’s figure out how we’re going to make this work.’ And then Zack was like, ‘Hey, what about me?’ And then Zack came in as a partner and it’s cool now that we have the Walkinshaw Andretti United team.

“I’m really excited about that program, the guys at the shop are excited about it, we’ve been doing a lot of things to try and help it because it’s such a cool series and the cars are so cool.

“I went down there to Bathurst, which was to me one of the coolest tracks in the world. I wish I could have driven it, I really do. It looks like a blast.

“It’s amazing how big that series is when you go down there. It’s one of the biggest sports in Australia. It was just a great opportunity for us to extend our portfolio.”

Admittedly, Andretti had some extra incentive to want to get involved in the Supercars world: Penske joined forces with legendary Dick Johnson Racing in September 2014.

The organization came together quickly and the rebranded DJR Team Penske went on to win the 2017 V8 Supercars championship.

“Roger was down there the last few years,” Andretti said, adding that fact as incentive to get his own organization into the series. “So it’s cool to go race head-to-head with Roger. That was also in the back of our minds.”

This is no start-up venture for Andretti. The roots of the new venture began in 1990 as the Holden Racing Team, which went on to become one of the most successful organizations in Australian V8 Supercar racing, having won the drivers’ championship six times and the Virgin Australia Supercars Championship’s top race, the Bathurst 1000 (essentially Australia’s version of the Indy 500), seven times.

Last season, Holden Racing team morphed into Triple Eight Race Engineering and was renamed Mobil 1 HSV Racing.

And now the company has been renamed once again for the 2018 campaign under the Walkinshaw Andretti United banner.

The team will be composed of two Holden ZB Commodores with drivers James Courtney and Scott Pye, as well as a Porsche 911 GT3-R in the Australian GT championship.

What’s next for Andretti’s motorsports portfolio? Right now, it’s pretty full, but you can bet running for championships from Australia (Supercars) to globally (GRC) to Indianapolis (Indy 500) to the U.S. (Verizon IndyCar Series) are at the top of this year’s list.