Penske, Detroit both announce new partnerships

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Team Penske and the Chevrolet Detroit Grand Prix, which operates under Penske’s ownership, both revealed new partnerships earlier today.

The Penske team announced a multi-year agreement with 3D printing and additive manufacturing solutions company Stratasys Ltd., which will provide equipment and support to assist the organization’s engineering and manufacturing efforts in both the NASCAR and IndyCar programs.

image001“Our strategic partnership with Stratasys should keep our manufacturing and engineering processes at the front of the pack,” Team Penske President Tim Cindric said of the new partnership. “Stratasys is on the cutting edge of additive manufacturing technology for automotive applications. Utilizing their equipment and technical support will provide us with another means to put our ideas on the race track first.”

For the Chevrolet Detroit Grand Prix, scheduled  for June 2-4, Lear Corporation will join as the presenting sponsor. The supplier of automotive seating and electrical systems maintains an active presence in the Detroit area. Quicken Loans had been the prior presenting sponsor.

800x50031“The Chevrolet Detroit Grand Prix is so proud to welcome Lear Corporation as our presenting sponsor in 2017,” said Bud Denker, chairman of the newly dubbed Chevrolet Detroit Grand Prix presented by Lear. “Lear and Matt Simoncini are great supporters of Detroit and our community. We could not ask for a better partner to team with Chevrolet and help us host world-class racing and a weekend full of fun and excitement in the Motor City.”

The event will continues its status the week following the Indianapolis 500 and remains the only double-header on the schedule.

Max Verstappen is PointsBet favorite to score sixth staight in 2022 Singapore Grand Prix

PointsBet 2022 Singapore odds
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Max Verstappen is the PointsBet Sportsbook odds favorite to win the 2022 Singapore Grand Prix on the Marina Bay Street course to stretch his current win streak to six consecutive. He shows odds of -200 this week.

Formula 1 did not compete in Singapore in 2020 or 2021 due to the COVID-19 pandemic, but Verstappen has podium finishes in his last two attempts on this track. he was second in 2018 and third in 2019. In the first 15 races of this season, he has failed to stand on the podium only twice and has an average finish of 2.73.

With minus odds, the way to determine a payout is by subtraction. In order for a bettor to earn $100, he must wager $200 this week; with that wager, he will get back his initial stake and winnings of $100.

For bettors more comfortable with fractional odds, a bet of +300 is the same as 3/1.

Charles Leclerc is ranked second this week with +400 odds. He has two previous Singapore GP starts to his credit with a best of second in 2019. He is coming off back-to-back podium finishes with a third in the Dutch GP and a second at Monza.

Ranked third is Carlos Sainz, Jr. with a line of +1100. He has top-five finishes in four of his last five starts, but only one of these, a third in the Belgian GP, was on the podium. Sainz is one of four winners other than Verstappen this season. His victory came in the British GP.

Lewis Hamilton shows a line of +1200. His last win came last fall in the Saudi Arabian GP and the Mercedes team has struggled to contend for victory in 2022. They are improving, however, with eight top-fives in the last nine races. Hamilton has two wins in his last three Singapore starts, which came in 2017 and 2018.

Rounding out the top five is Hamilton’s teammate George Russell at +1800. He has not won, but has shown remarkable consistency with top-fives in all but one race. Notably, his only bad finish came in his home GP in England. Russell has one previous start at Marina Bay; he finished last in the 2019 race. He finished fourth in 2019 as part of a four-race streak of top-fives.

The most recent Singapore GP winner from 2019, Sebastian Vettel is a longshot at +50000.

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