Borg-Warner Trophy® and $440,000 Rolling Jackpot Awarded to 2024 Indianapolis 500 Winner Josef Newgarden
Josef Newgarden won the 2024 Indianapolis 500, securing his second consecutive win by passing Pato O'Ward on the final lap. Newgarden received the Borg-Warner Trophy® and a $440,000 rolling jackpot, resetting the pot for 2025. The race featured 49 lead changes among 18 drivers and was attended by 300,000 fans. This victory also marked team owner Roger Penske's 20th win in the event's history. BorgWarner's EFR™ turbochargers have powered all NTT INDYCAR SERIES® racecars since 2012.
- Josef Newgarden secured his second consecutive Indianapolis 500 win.
- Newgarden claimed a $440,000 rolling jackpot, resetting the pot for 2025.
- Team owner Roger Penske achieved a record-setting 20th Indianapolis 500 win.
- The race had significant fan attendance with approximately 300,000 spectators.
- BorgWarner’s EFR™ turbochargers continue to power all NTT INDYCAR SERIES® racecars since 2012, demonstrating the company's longstanding relationship with the event.
- The race experienced a four-hour rain delay, potentially affecting viewership and attendance.
- The rolling jackpot was not claimed for 22 years, possibly indicating competitive challenges in the race.
- Despite the win, the average speed of 167.763 miles per hour was lower than typical race speeds.
- Josef Newgarden captures back-to-back Indy 500 victories, earning
$440,000 - Newgarden passed Pato O'Ward on the final lap to cross the yard of bricks to win by 0.3417 seconds
- BorgWarner's Engineered for Racing (EFR™) turbochargers featured on all NTT INDY CAR SERIES© racecars since 2012
"BorgWarner is always excited to be a part of this racing tradition. We're proud to recognize and celebrate racers from across the globe," said Lissalde. "We're honored to present Josef with this trophy for the second year in a row, along with the rolling jackpot prize, highlighting his dedication and commitment to motorsports."
Newgarden crossed the yard of bricks 0.3417 seconds ahead of O'Ward. 2008 Indy 500 winner Scott Dixon of
To commemorate his 2024 victory, Newgarden's face will be added to the 5 feet and 4 ¾ inches,
"There's no guarantee that you'll ever be victorious at the Indy 500, because you can't win without the fastest car and the best team. I'm so grateful this team was able to break through last year and then again this year," said Newgarden. "Someone had to reset the jackpot, and I'm glad it was my car the number 2 Shell team, because it was a team victory in every way."
The historic and iconic Borg-Warner Trophy has been presented to each Indy 500 winner for 88 years, first debuted by Eddie Rickenbacker, the previous owner of IMS, in 1936. Commissioned the year prior, the trophy was designed by Robert J. Hill and
Beyond presenting the trophy, BorgWarner has a long-established relationship with the Indy 500 race. BorgWarner's Engineered for Racing (EFR™) turbochargers have powered every NTT INDYCAR SERIES® vehicle since 2012. The EFR turbochargers have the capability to accelerate the vehicles to over 200 mph throughout the race, providing unmatched levels of power and speed.
About BorgWarner
For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.
The Borg-Warner Trophy, BorgWarner Championship Driver's Trophy, and BorgWarner Championship Team Owner's Trophy are trademarks of BorgWarner Inc.
Forward Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should ," "target," "when," "will," "would," and variations of such words and similar are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our financial position, business strategy and measures to implement that strategy, including changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans, references to future success and other such matters, are forward-looking statements. Accounting estimates, such as those described under the heading "Critical Accounting Policies and Estimates" in Item 7 of our most recently filed Annual Report on Form 10-K ("Form 10-K"), are inherently forward-looking. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply disruptions impacting us or our customers, commodity availability and pricing, and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, particularly as they relate to electric vehicles, and our ability to innovate in response; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; potential disruptions in the global economy caused by wars or other geopolitical conflicts; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that our 2023 tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate publicly traded company will not achieve its intended benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on automotive and truck production and is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving some of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; impacts from any potential future acquisition or disposition transactions; and the other risks, noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently-filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.
View original content to download multimedia:https://www.prnewswire.com/news-releases/borg-warner-trophy-and-440-000-rolling-jackpot-awarded-to-2024-indianapolis-500-winner-josef-newgarden-302156411.html
SOURCE BorgWarner
FAQ
Who won the 2024 Indianapolis 500?
How much was the 2024 Indianapolis 500 rolling jackpot?
What is notable about Roger Penske in the 2024 Indianapolis 500?
What technology does BorgWarner provide for the NTT INDYCAR SERIES® racecars?
How many lead changes occurred in the 2024 Indianapolis 500?
What was the average speed of the winning car in the 2024 Indianapolis 500?
