Fortescue Zero acquires Penske Autosport in Formula E
Racer • 1 min read • Latest: Sep 17, 2026, 11:34 PM
Last updated Sep 17, 2026
Fortescue Zero has acquired Penske Autosport from Jay Penske, marking the end of the Penske brand's presence in Formula E starting next season. This move comes as part of a broader shift in team ownership within the series. The transition signals a significant change in the competitive as teams realign for upcoming races. Fortescue Zero will now seek to build on the foundation laid by Penske Autosport.
- •Fortescue Zero buys Penske Autosport team from Jay Penske.
- •Penske brand exits Formula E grid next season.
- •Acquisition reflects changes in team ownership in the series.
- •Fortescue Zero aims to enhance competitive performance.
- 11:34 PMRacer — Penske sells Formula E team to Fortescue Zero
"The Penske name will disappear from the Formula E grid next season following Fortescue Zero’s acquisition of Jay Penske’s Penske Autosport team.
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