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.
"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.