Appeals panel amends penalty levied against RFK Racing No. 17 team
On Wednesday, the National Motorsports Appeals Panel amended the L1-level penalty issued to the No. 17 RFK Racing team and driver Chris Buescher on May 15 after the NASCAR Cup Series race at Kansas Speedway.
Upon hearing the testimony, the decisions of the National Motorsports Appeals Panel are that the appellant violated one or more, but not all, of the rule(s) set forth in the penalty notice. The team violated 14.5.4 (front bumper cover) but did not violate 14.1.2 (exhaust cover panel). Therefore, the panel amended the original penalty assessed by NASCAR to include a loss of 30 championship driver and team owner points, a loss of five driver and team owner playoff points, a two-race suspension for the crew chief and a $75,000 fine for the team.
Advertisement
In reaching the above decision, the panel provided the following explanation: 'The panel concluded that NASCAR met its burden of proof regarding the reinforcement of the front bumper cover but did not meet it regarding the trimming of the exhaust panel cover. The rule book regarding the exhaust panel trimming lacked specificity on the amount trimmed or not trimmed. Accordingly, the panel reduced the owner and driver points penalty from 60 to 30 points.'
As a result of the modified points penalty, Buescher moves up from 23rd to 16th in the NASCAR Cup Series standings.
The three-member panel was comprised of Mr. Tom DeLoach, Mr. Cary Tharrington and Mr. Kevin Whitaker.
At Kansas, Buescher finished eighth in the AdventHealth 400 and his No. 17 Ford was selected as one of two cars to be taken back to the NASCAR Research and Development Center in Concord, North Carolina, for further inspection. That is where officials ruled the car was in violation.
Crew chief Scott Graves has already served his two-race suspension.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Superior Industries International, Inc. (SUP): A Bull Case Theory
We came across a bullish thesis on Superior Industries International, Inc. (SUP) on Alpha Ark's Substack. In this article, we will summarize the bulls' thesis on SUP. Superior Industries International, Inc. (SUP)'s share was trading at $0.50 as of 27th May. SUP's forward P/E was 4.01 according to Yahoo Finance. Christian Lagerek/ Superior Industries, one of the world's largest aluminum wheel manufacturers, is emerging as a compelling deep-value opportunity despite ongoing industry headwinds. The company produces nearly 14 million units annually, serving major automakers like GM, Ford, VW, and Toyota, and has taken aggressive steps to counter macroeconomic challenges. After facing disruption from COVID, a post-pandemic demand peak, and now softening consumer demand, Superior has enacted cost-cutting measures and shifted operations to lower-cost regions such as Poland and Mexico. Although the company is burdened with $483 million in high-interest debt and $300 million in preferred stock, its current Net Debt/EBITDA ratio of 3.4x remains within covenant limits, supported by healthy liquidity. Notably, recent U.S. tariffs on imports have had minimal impact, as only 25% of Mexican production is exposed, and most customers assemble in Mexico, shielding the business. On the contrary, these tariffs may strengthen Superior's competitive moat by disadvantaging Chinese and Moroccan rivals. Value-added sales per wheel have grown 34% since 2019 due to a shift toward larger, premium, and EV-focused products, though total unit volumes declined from 19 million to 14 million due to lower-end volume losses. However, Superior remains the go-to supplier for most mid-to-high-end customers and is operating below capacity, with new contracts poised to lift volumes in 2025. Trading at just 5.6x 2025 EV/EBITDA and turning cash flow positive, the company offers significant upside. Valuations suggest a $27–$30/share target by 2028, reflecting 12–13x potential returns. Despite sector volatility and leverage risks, Superior's transformation positions it as a high-upside asymmetric bet. Previously, we have covered Superior Industries International, Inc. (SUP) in November 2024 wherein we summarized a bullish thesis by everyonehatespoetry on Substack. The author cited improving earnings, strong value-added margins, and potential refinancing options despite a complex capital structure. The article emphasized that EV and SUV trends were driving growth, while leverage remained the main challenge. Superior Industries International, Inc. (SUP) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 7 hedge fund portfolios held SUP at the end of the first quarter which was 8 in the previous quarter. While we acknowledge the risk and potential of SUP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SUP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Journals
5 hours ago
- Business Journals
Building together: How strategic partnerships strengthen housing solutions
In communities across the country, the need for housing continues to grow. No single developer, nonprofit, or public agency can meet this demand alone. Today's most effective housing solutions go beyond construction — they rely on collaboration to meet the various needs of the holistic population. At Ryan Companies, we've seen how strategic partnerships between private developers and mission-driven organizations lead to more inclusive, meaningful results. These partnerships combine capacity with local insight and help unlock opportunities that wouldn't be possible otherwise. Highland Bridge in Saint Paul, Minnesota, offers a strong example. This 122-acre redevelopment of a former Ford plant is evolving into a vibrant neighborhood that will include 3,800 residences, 20 percent of which are affordable. Achieving that level of affordability was possible only through intentional collaboration with affordable housing developers. These organizations brought deep experience in affordable housing finance and community engagement. Ryan provided complementary expertise, including site development, infrastructure delivery, financial modeling, and vertical construction. Together, the team pursued funding opportunities and built a shared vision focused on long-term community value. For larger firms like ours, working alongside an Affordable Housing Developer with local expertise brings more than project feasibility. It broadens our understanding, strengthens our approach, and deepens our commitment to community impact. Partnerships like these also support long-term affordability and integration, helping to ensure that housing is connected to schools, parks, jobs, and transit. These collaborations also benefit our peers. Shawn Wilson, founder and president of Blue Sky Communities, a Florida-based affordable housing developer, explains: 'Most affordable housing gets built as a one-off standalone property in a marginal (or even blighted) area. We want to move toward grander collaborations with cities and large developers where we can integrate our residents more fully into the surrounding neighborhood.' Blue Sky's work across Florida demonstrates the power of these relationships. The Adderley in Tampa, for example, delivers 128 affordable homes for families in a high-opportunity area. The project, backed by local and federal funding, addresses a critical housing gap while contributing to the revitalization of the surrounding neighborhood. Cross-sector partnerships like these open new avenues for investment and creativity. By combining funding sources, land access, design capabilities, and community knowledge, projects become more financially and socially sustainable. When each partner brings a specific strength to the table, the results are more impactful and better aligned with community needs. This model also helps address a frequent challenge in affordable housing: true integration. When developers and nonprofits collaborate from the start, it leads to thoughtful site planning, a higher standard of design, and better alignment with the surrounding community. For Ryan, seeking out partnerships is not just a business strategy but a reflection of our values. We are committed to working with community-based organizations and developers led by women and people of color. These relationships promote equity in both process and outcome, ensuring that new development reflects the diversity of the communities we serve. expand Ryan Companies photo As the conversation around affordability continues, the role of public-private-nonprofit collaboration is more important than ever. Whether through mixed-income developments, housing integrated with services, or neighborhoods planned with long-term affordability in mind, partnerships provide a more resilient foundation. The real estate industry has an opportunity to do more than produce housing units. Through thoughtful collaboration, we can help create places that are inclusive, stable, and full of opportunity — for everyone. Let's connect to discuss how Ryan can create lasting value for your business. Founded in 1938, Ryan Companies is a national real estate firm offering development, design, construction, capital markets and management services across sectors like health care, industrial, office and multifamily. With 1,700+ team members in 17 offices, Ryan delivers integrity-driven projects nationwide. Jon Paul Bacariza is the corporate leader of Ryan in the Florida office, providing direction to our development, design, construction, real estate management and capital markets teams throughout the region. Bacariza draws on strengths of leaders on his team while developing and executing a plan to source new opportunities and continue building Ryan's success throughout his region. He provides strategic vision in earning projects that best align with Ryan's expertise and future goals.
Yahoo
9 hours ago
- Yahoo
Take your Coca-Cola 600 NASCAR Charlotte race experience up a notch with premium options
The Coca-Cola 600, one of the crown jewels of the NASCAR season, is almost here to mark an unofficial start of the summer for many race fans. The Coca-Cola 600 at Charlotte Motor Speedway is set for May 25, with a full show of on-track action occupying the weekend. Advertisement Here are the premium options to see the Coca-Cola 600 NASCAR Charlotte race weekend. Shop Charlotte NASCAR ticket upgrades Champions Pavilion for NASCAR Charlotte race This all-inclusive package includes: Indoor climate-controlled seating area Closed circuit race coverage on multiple televisions Rooftop observation deck NASCAR-issued day VIP pass Direct access to NASCAR garage and pit road Upscale catering with Chef's Table Specialties Premium bar Race scanner for your use while at the track Parking pass (one pass per four tickets) Clubhouse 500 Level for NASCAR Charlotte race Indoor climate-controlled seating featuring high-back, padded chairs and TV monitors. Clubhouse seats are located directly across from pit road and one level below The Speedway Club. Elevator access Cash-bar service Clubhouse level restrooms Easy access to the fifth Floor Café. The indoor Café area offers the signature casual dining menu with cash bars, sweets shop and an indoor dining area. Food and beverage are not included in the ticket price. No coolers are allowed in this area. Advertisement Shop Club Level NASCAR upgrades Club Deck, 300 Level at NASCAR Charlotte race Experience NASCAR's toughest test of man and machine from the coveted Club Deck, 300 Level, which includes the following amenities: Covered seating Fantastic views of the entire track Complimentary food and non-alcoholic beverages Access to cash bar Dedicated food and beverage service team Terrace Box at NASCAR Charlotte race Experience unparalleled comfort and convenience with Terrace Box seating. Indulge in a delectable array of food and beverages while you enjoy the event from the best vantage point. Plus, receive a complementary Track Pass upon check-in, adding even more value to your race day. Club Suite, 600 Level for NASCAR Charlotte race Indulge in a delectable selection of food and beverages, including beer and wine, with a fantastic view. Club Suite 600 Level buyers also receive a pre-race Track Pass upon checking into the suite. Elevate your race-day experience today. Advertisement Club Suite 600 Level is sold out for May 25. Tickets are available for May 23-24. NOTE: A dress code is in place to ensure a premium experience for all our guests. When is NASCAR Charlotte race? The Coca-Cola 600 NASCAR Charlotte race is set for 5 p.m. CT on May 25 at Charlotte Motor Speedway in Charlotte, North Carolina. What channel is NASCAR Charlotte race on? The Coca-Cola 600 will be broadcast on Amazon Prime with Adam Alexander, Steve Letarte and Dale Earnhardt Jr. in the broadcast booth. Shop Charlotte NASCAR tickets We occasionally recommend interesting products and services. If you make a purchase by clicking one of the links, we may earn an affiliate fee. USA TODAY Network newsrooms operate independently, and this doesn't influence our coverage. This article originally appeared on Nashville Tennessean: NASCAR Charlotte race: Premium options for Coca-Cola 600