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Dale Earnhardt Jr. to add Nationwide as a primary sponsor for next three years

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We have our first answer as to what Nationwide Insurance will be doing after it ends its title sponsorship of the NASCAR Nationwide Series: it will move to being a primary sponsor for Dale Earnhardt Jr.’s No. 88 Hendrick Motorsports Chevrolet on the NASCAR Sprint Cup Series side.

The deal is a three-year deal, for 12 races as primary sponsor in 2015 and 13 in each of 2016 and 2017. In all three years, Nationwide will be a major associate sponsor as well.

“The Earnhardt family has trusted Nationwide for their insurance needs for more than 35 years, and Dale Jr. has a positive impact on our brand’s reputation and brings pride to Nationwide members and our associates,” Matt Jauchius, chief marketing officer for Nationwide Insurance said in a release. “Expanding that relationship to incorporate the prestigious operations at Hendrick Motorsports and collaborating with Rick Hendrick and his team is a great fit for Nationwide Insurance.”

Added team principal Rick Hendrick, “Nationwide is always top of mind when you think of companies that truly leverage the power of NASCAR. We’re proud to welcome them to the No. 88 team and grow their relationship with Dale Jr. Working together, we’ll build another program that moves the needle for their business. The opportunities are endless.”

Junior himself, on behalf of Nationwide, released this video this morning:

As for what happens to rival company Farmers’ Insurance, which sponsors Kasey Kahne, that is yet to be determined.

A statement attributed to HMS, via Sporting News’ Bob Pockrass, reads as follows: “The announcement regarding the No. 88 team does not impact our ability to continue the (Farmers) partnership beyond 2014. Our team has a terrific relationship with the people at Farmers Insurance, and we’re having positive discussions about the future.”

Which is about all you’d expect them to say at this moment.

Roush Fenway Racing, which has Nationwide on for Ricky Stenhouse Jr. for selected Cup races as well, has also not made a statement regarding their partnership.

On an actual JR Motorsports-Nationwide Series note, JR Motorsports has hired 20-year-old late model racer Austin Theriault of Fort Kent, Maine, to race in three Nationwide races later this year, starting with Iowa on May 18.

Tire woes leave Haas down the grid in Russia

SOCHI, RUSSIA - APRIL 30: Romain Grosjean of France driving the (8) Haas F1 Team Haas-Ferrari VF-16 Ferrari 059/5 turbo comes back onto the track during qualifying for the Formula One Grand Prix of Russia at Sochi Autodrom on April 30, 2016 in Sochi, Russia.  (Photo by Dan Istitene/Getty Images)
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Tire woes throughout practice and qualifying for the Russian Grand Prix left Haas Formula 1 drivers Romain Grosjean and Esteban Gutierrez down the grid ahead of Sunday’s race in Sochi.

NASCAR team co-owner Gene Haas saw his eponymous F1 operation come back down to earth in China two weeks ago when its run of points finishes since debut came to an end.

Grosjean and Gutierrez arrived in Russia hopeful of getting back into the top 10, but both struggled to get temperature into their tires throughout qualifying.

Low temperatures and a green track surface hit all of the teams hard in Sochi, yet Haas seemed more affected than others as Grosjean and Gutierrez qualified 15th and 16th respectively.

“It’s been a complicated weekend so far for us,” Grosjean said. “We’ve been struggling with the grip and the car. It’s difficult to get the tire to work on such a smooth asphalt. We’re progressing, we’re learning and doing the most we can do.

“I still don’t have the feeling I used to have earlier in the season with the car. We really need to analyze that. Then tomorrow’s going to be a long race with a lot of fuel saving. The tires are hard to keep in the window, so it’s going to be challenging for everyone.

“Maybe we can try to be a bit more clever. Let’s do our best, let’s analyse and let’s keep having some interesting data. We’ll see where we are after the race.”

Gutierrez enters Sunday’s race still chasing his first F1 points since the 2013 Japanese Grand Prix, and admitted that Haas needs a few surprises to be in with a chance of reaching the top 10.

“Qualifying was pretty hard. It was difficult to get the tires to work here so it’s been a bit of a challenge,” Gutierrez said.

“I was doing my best, with all the options we have available, to maximize everything but I’m not really satisfied with the result.

“However, we still have a race to do tomorrow. Hopefully a few surprises may come our way that will give us a chance to be up in the points.

“It’s probably not going to be very straightforward, as the pace is not as good as we want it to be, but we will definitely push hard and do our best to get there.”

The Russian Grand Prix is live on CNBC and Live Extra from 7am ET on Sunday.

Lowe: Mercedes let Hamilton down

SOCHI, RUSSIA - APRIL 30: Lewis Hamilton of Great Britain and Mercedes GP in the garage during final practice ahead of the Formula One Grand Prix of Russia at Sochi Autodrom on April 30, 2016 in Sochi, Russia.  (Photo by Dan Istitene/Getty Images)
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Mercedes Formula 1 technical chief Paddy Lowe says that the team let Lewis Hamilton down after he suffered a power unit failure for the second race weekend in a row during qualifying for the Russian Grand Prix on Saturday.

Hamilton was forced to start last in China two weeks ago after an issue on his power unit prevented him from posting a time during qualifying.

Although he did take part in both Q1 and Q2 on Saturday in Russia, a repeat of the issue on the same power unit meant that Hamilton could not run in Q3.

As a result, Hamilton will start 10th on the grid for the start in Sochi – and only if Mercedes makes no changes to his car.

While teammate and championship leader Nico Rosberg was able to sweep to pole position, Hamilton was left to prepare for yet another fightback drive on Sunday.

“Our day has been tainted by a failure which deprived Lewis of a shot at pole – and deprived the fans of what would surely have been a thrilling climax to an immensely close battle between our two drivers,” Lowe said after the session.

“We’ve let Lewis down for the second weekend in a row, so our apologies go to him once again. It’s a cruel twist of fate that, out of eight Mercedes-Benz Power Units on the grid, the problem should befall the same driver twice.

“We’ve been working very hard over the past couple of weeks to understand what happened in China – but unfortunately there is clearly still more work to be done.

“Our focus for the immediate future, however, is on making sure Lewis’ car is in the best possible condition for tomorrow’s race to give him the best chance of making the kind of strong recovery we’ve seen him pull off so many times in the past.”

The Russian Grand Prix is live on CNBC from 7am ET on Sunday.

Hamilton reprimanded for Russia qualifying misdemeanor

SOCHI, RUSSIA - APRIL 29: Lewis Hamilton of Great Britain and Mercedes GP in the Paddock during practice for the Formula One Grand Prix of Russia at Sochi Autodrom on April 29, 2016 in Sochi, Russia.  (Photo by Mark Thompson/Getty Images)
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Lewis Hamilton has been given a reprimand by the FIA stewards for failing to follow the race director’s instructions during qualifying for the Russian Grand Prix on Saturday.

Ahead of the weekend at the Sochi Autodrom, FIA race director Charlie Whiting had a white bollard placed in the run-off area at Turn 2 to guide drivers where to go if they ran wide at the corner.

The idea was used successfully in Canada last year, and forces drivers to pass through the ‘penalty zone’ that ensures they do not gain an advantage by running wide.

During Q1, Hamilton ran wide at Turn 2 but failed to pass to the left of the bollard. Although he did not gain an advantage or improve his lap time, the stewards still opted to look into his misdemeanor after qualifying.

Late on Saturday, they confirmed that Hamilton had been handed a reprimand for the incident, marking his second of the season. If he racks up one more, he will receive a 10-place grid penalty.

Hamilton ultimately finished 10th in qualifying after an issue on his power unit prevented him from taking part in Q3.

“It’s obviously not a great feeling to be on the sidelines again – but that’s life,” Hamilton said. “I knew there was a problem and that it was probably the same failure that I had in China pretty much straight away. I went out for a second run in Q2 to get a feeler lap and felt the same power loss as last time.

“When it happened in Shanghai it was something we hadn’t seen before and now unfortunately it’s happened again, so we need to understand it. I’ve never been superstitious about these things, though, and I never will be. There’s nothing I can do about it, so I’ll move on and look ahead to the race.”

Hamilton said that Mercedes was yet to decide whether or not it would make any changes to his power unit overnight that may result in him receiving another penalty.

“I don’t know where I’m going to start yet – we’ll wait to see how that unfolds,” Hamilton said.

“But I never give up and I’ll give it all I’ve got to recover whatever I can in the race, like always. It’s not an easy track for overtaking. With the levels of tire degradation and it being so tough to follow here, it’s not going to be easy to make my way forward.

“But there are long straights and we’ve got good pace, so if I can keep the car in one piece I’ll be fighting for decent points I’m sure.”

The Russian Grand Prix is live on CNBC and Live Extra from 7am ET on Sunday.

Raikkonen: P4 in Russian GP qualifying ‘better than nothing’

SOCHI, RUSSIA - APRIL 29: Kimi Raikkonen of Finland driving the (7) Scuderia Ferrari SF16-H Ferrari 059/5 turbo (Shell GP) on track during practice for the Formula One Grand Prix of Russia at Sochi Autodrom on April 29, 2016 in Sochi, Russia.  (Photo by Mark Thompson/Getty Images)
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Kimi Raikkonen says that qualifying fourth for the Russian Grand Prix is “better than nothing” after struggling to get to grips with his Ferrari SF16-H car at the Sochi Autodrom.

Raikkonen finished fourth in Saturday’s Q3 session, and will move up to third place on the grid for tomorrow’s race thanks to Ferrari teammate Sebastian Vettel’s grid penalty.

Despite being in a position to lead the Italian marque’s charge against Mercedes and make the most of Lewis Hamilton’s grid penalty, Raikkonen was far from jubilant after qualifying.

The Finn had been set to take third in Q3, only to make a mistake on his final qualifying lap that meant he was unable to improve his time, leaving him P4 at the checkered flag.

“The whole weekend has been tricky: for whatever reason, I struggled all the time to put one decent lap together,” Raikkonen said.

“In qualifying it was a bit better, but I was still fighting with the front end in a few places. It could have been good enough for a second or a third place on the grid, but on my last lap I completely missed the last corner and slid away.

“Obviously I’m a disappointed with what happened, but considering how difficult it has been, this result it’s not ideal but it’s better than nothing.

“At least we are in third place at the start, we’ll see what happens tomorrow, I think in the race it’s going to be better.”

The Russian Grand Prix is live on CNBC and Live Extra from 7am ET on Sunday.