Quicken Loans joins No. 5 team in 2016 – Nascar

Quicken Loans announced Tuesday that it will join Kasey Kahne and the Hendrick Motorsports No. 5 Chevrolet team next season in the NASCAR Sprint Cup Series.

Quicken plans to be a primary sponsor for three races and an associate sponsor for the remaining events on the 2016 calendar. One of the primary races will be part of a joint promotion with Hendrick Automotive Group, according to a news release provided by the Detroit-based retail mortgage lender.

“Quicken Loans has made a big name for itself in our sport, in its industry and certainly in the Motor City,” said Kahne, who joined Hendrick Motorsports in 2012 and signed a contract extension through 2018 last year. “Good partners are important to succeed in racing, and we’re thrilled about building this new relationship with Quicken Loans.”

Quicken served as a primary sponsor for portions of the last four seasons with Ryan Newman, first at Stewart-Haas Racing and later Richard Childress Racing. The company, which was primary sponsor on RCR’s No. 31 Chevrolet for nine races last season, thanked Newman for his association and his help as an entry point into NASCAR.

“Ryan has been a terrific ambassador for our company and helped us to take our first steps into NASCAR,’ said Jay Farner, Quicken’s president and chief marketing officer. “He and Richard Childress Racing have helped us accomplish tremendous things during our time together, and we’re proud to have been a part of their team. We are grateful for their guidance and support and we look forward to competing alongside them next year.”