Newman/Haas withdraws from IndyCar series
2 December 2011 – Newman/Haas Racing, founded in 1983, has decided to pull out of the IndyCar series with immediate effect, citing the current economic climate as the main reason for doing so. With a grand total of eight championship titles and 107 race victories to its name, the squad was one of the most established and respected in the field.
In 2011, Spain’s Oriol Servià and Canadian rookie James Hinchcliffe represented the Illinois-based team. The duo finished fourth and 12th respectively in the overall standings, with Servià’s pair of second place finishes serving as season highlights.
"Newman/Haas Racing announced today that it will not enter cars in the 2012 IndyCar Series," a team statement explained on Thursday.
"The economic climate no longer enables Newman/Haas Racing to participate in open wheel racing at this time," added Carl Haas, owner and co-founder of Newman/Haas Racing.