NASCAR Radio's Sirius Speedway reports that Verizon will not return to Penske Racing as sponsors of Justin Allgaier's NASCAR Nationwide Series Dodges in 2011 and that Allgaier has been told he is free to seek employment with other teams next season. It's believed Verizon may shift its involvement with Penske to the team's IndyCar program, where it currently sponsors Will Power.
"It's true that they're evaluating their NASCAR investment right now," Penske Racing vp of marketing and communications, Jonathan Gibson, told Sirius, "and it's true that they may increase their involvement with our IndyCar program."