Roger Penske inducted into NASCAR Hall of Fame

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CHARLOTTE, N.C. (AP) -- Roger Penske has been inducted into the NASCAR Hall of Fame.

The icon of motorsports last year celebrated Team Penske's 500th victory as an organization, won the Cup championship with Joey Logano and the Indianapolis 500 with Will Power. He was introduced by Logano, Brad Keselowski and Ryan Blaney, and inducted by his son, Greg.

"He's known as "The Captain" but to us, he's also known as a mentor, fierce competitor, role model and friend," Logano said.

Penske in 2016 celebrated his 50th season in racing. He built the two-mile speedway in Fontana, California, in 1996, and at one time owned Michigan International Speedway.

"He's a true titan of industry and a leader in advancing the popularity of American motorsports for more than 50 years as a team owner, track owner and even a driver," said Blaney.

Penske credited motorsports with building his corporation and setting the pace for all his success.

"Racing is simply who we are," he said. "The lessons we learn in racing help drive our success in business and the exposure provided by NASCAR is a source of pride that builds our brand and our entire organization."