It was announced on Tuesday morning (06/21/2022), that Hendrick Motorsports has extended their contract with Valvoline as an extra-ordinary partner of the organization. The new contract length goes through the 2027 NASCAR racing season, with multiple dynamics to the sponsorship.
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The new five-year agreement maintains Valvoline’s status as the "Official Lubricants Partner of Hendrick Motorsports" and as a major associate sponsor of the team’s full stable of Chevrolet race cars. America’s first motor oil brand will also continue as a primary sponsor of 2021 NASCAR Cup Series champion Kyle Larson for three races and teammate William Byron for two races.
In addition, Valvoline will remain the presenting sponsor of the annual Randy Dorton Hendrick Engine Builder Showdown, a competition that brings together Hendrick Motorsports engine builders and Hendrick Automotive Group master technicians.
"We are tremendously proud of our partnership with Valvoline," said Rick Hendrick, owner of Hendrick Motorsports and chairman and CEO of Hendrick Automotive Group. "Because of Valvoline’s commitment to quality and innovation, we’ve enjoyed great success together both at the track and in our dealerships. Extending the relationship will allow us to continue putting the very best products in our race cars and in the vehicles of our customers across the country."
Since 2014, Hendrick Motorsports has earned a NASCAR-best three Cup Series championships (2016, 2020 and 2021) with Valvoline products in its Chevrolet racing engines. Off the track, Valvoline is the preferred lubricant of Hendrick Automotive Group, which operates 94 car dealerships across the United States. It is the largest privately held dealership group in the nation.
This news of partnership from Valvoline does not confirm anything, but it seems that Hendrick Motorsports is preparing itself to keep Kyle Larson and William Byron for quite a while. Byron already has a contract extension running through 2025, while Larson's is through 2023. I would definitely expect Larson to return to the organization past the 2023 racing season.
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