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Richard Childress Racing, Caterpillar extend relationship

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Richard Childress Racing announced Tuesday it has extended its partnership with Caterpillar Inc., which will continue to sponsor Ryan Newman‘s No. 31 Chevrolet in select races in 2018.

Caterpillar was the primary sponsor on the No. 31 in 20 races last season.

Caterpillar has been a sponsor of Cup teams since 1997 and partnered with RCR in 2009. Newman has been sponsored by the company since joining RCR in 2014.

“I am happy to announce the continuation of our partnership with Caterpillar and the No. 31 Chevrolet in the Monster Energy NASCAR Cup Series,”  Richard Childress said in a press release. “I’ve had the opportunity to meet and interact with so many Cat dealers, customers and equipment operators through the past nine years. They are passionate about both racing and their Cat equipment, and I share their passion for both. I have used Cat equipment for many years and there is no better heavy machinery on the market. We’ve enjoyed our long-term association with Caterpillar, and helped them sell a lot of equipment over the years. I’m proud to represent the Cat brand.”

Newman is coming off a season where he earned one win (Phoenix I), his first since 2013 and first with RCR. Newman qualified for the playoffs. He was eliminated after the first round and finished the season in 16th.

The 2018 season will be Newman’s 17th full-time year in Cup.

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Rheem to sponsor Christopher Bell, Ryan Preece in Xfinity Series

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Rheem will sponsor Joe Gibbs Racing across two cars in the Xfinity Series next season, sponsoring Christopher Bell and Ryan Preece.

The company will be on Bell’s No. 20 Toyota for 23 races and Preece’s No. 18 Toyota for 10 races.

Rheem, which manufactures heating, cooling, water heating, pool/spa heating and commercial refrigeration products, sponsored Richard Childress Racing cars for the last three seasons in Xfinity.

Rheem has sponsored Xfinity teams every year since 2008.

“We’re thrilled to partner with Rheem,” team owner Joe Gibbs said in a press release. “They have built a winning company in their industry with many of the same attributes we hold valuable at our race team. Rheem has a long history in our sport and they understand what it takes to be successful. We think Christopher (Bell) and Ryan (Preece) will represent them well both on and off the track.”

Bell enters his first full-time season with JGR after winning the Camping World Truck Series championship with Kyle Busch Motorsports. The 21-year old driver made eight Xfinity starts this season and earned his first win Oct. 21 at Kansas Speedway.

Preece’s 10 races for 2018 come after he made four starts for JGR this season and finished in the top five in each, winning at Iowa Speedway on July 29.

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Team Penske, Snap-On agree to five-year extension

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Team Penske announced it has agreed to a five-year extension of its partnership with Snap-On Incorporated.

The agreement will take the partnership – the longest for Team Penske – through its 40th year. The two companies are in their 36th year working together.

As part of the deal, the tool producer will sponsor Brad Keselowski in the April Cup race at Talladega next season. It will also serve as a primary sponsor in two Xfinity Series races.

The company has sponsored Team Penske in three Xfinity races this year, at Charlotte, Kentucky and Watkins Glen. Ryan Blaney went to victory lane at Charlotte in May with Snap-On sponsoring the No. 12 Ford.

Snap-on will continue as an associate sponsor on all Team Penske cars competing across various racing series next season.

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Germain Racing signs multi-year extension with Ty Dillon, GEICO

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Germain Racing announced Tuesday it has signed multi-year contract extension with rookie driver Ty Dillon and long-time sponsor GEICO insurance.

The announcement comes with 11 races left in Dillon’s rookie campaign in the No. 13 Chevrolet.

GEICO has been a sponsor of Germain Racing since 2008 in the Xfinity Series. The team and sponsor moved up to the Cup level part-time in 2009 and full-time in 2010 with Max Papis and then Casey Mears. Mears drove for Germain Racing until last season.

The team will continue to be part of a technical alliance with Richard Childress Racing. Dillon, a grandson of Childress, drives part-time for RCR in the Xfinity Series.

“Being able to partner with GEICO all these years has been a source of great pride for our race team and for me personally,” said team owner Bob Germain, Jr. in a press release. “They’re an incredible company and they support our sport in so many different ways. We’re very fortunate to be the team that gets to represent GEICO on the race track. I appreciate their support and I look forward to working with them in the years to come. Ty Dillon has given us some very exciting races in his rookie season. We have extended Ty’s contract, and look forward to crew chief Bootie Barker and Ty leading the team to more success. They will be supported by all of the same great team members who have helped build Germain Racing.”

Through 25 races Dillon is 24th in the point standings. Without any top five or top-10 finishes, Dillon’s best result is 13th twice, in May at Talladega and Sunday in the Southern 500. He has an average finish of 20.5 and has led 40 laps, including 27 at Dover in June.

Dillon is third in the rookie standings behind Erik Jones and Daniel Suarez.

“GEICO is an amazing sponsorship partner and a great supporter of NASCAR as a whole,” Dillon said in a press release. “I love having the chance to represent them and be a part of their widespread footprint in the sport, along with their long-standing relationship with Germain Racing. We’ve experienced success together during my rookie season and I’m excited for what the future holds for our No. 13 GEICO team,”

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Report: Subway drops sponsorship of Daniel Suarez with one race left in deal

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Subway has dropped its sponsorship of Daniel Suarez and Joe Gibbs Racing’s No. 19 Toyota with one race left on a four-race deal, according to ESPN.

In a statement to ESPN, Subway said it had to terminate its contract with JGR due to “circumstances beyond our control.” JGR told ESPN the contract was not terminated due to a violation of any morality clauses by Suarez.

JGR did not respond to a NBC Sports request for comment.

Suarez told ESPN and Jeff Gluck that he found out about Subway’s decision on Friday, saying he wasn’t aware of the reasons behind it.

“That’s part of racing,” Suarez said. “Sponsorship comes and sponsorship leaves. There’s nothing we can do about it. I don’t really know the reasons, so there’s not a lot I can add to it.”

Subway sponsored the rookie driver at Auto Club Speedway, the Coke 600 and the Coke Zero 400. Suarez is currently 17th in the points standings.

The restaurant chain had continued its sponsorship of the No. 19 after Carl Edwards stepped away from racing in the Cup Series in January.

Subway had sponsored Edwards since 2009 when he drove for Roush Fenway Racing. It had been on the No. 19 for four races in 2015 and five in 2016.