Pep Boys to Be Title Sponsor of Indy Racing

Pep Boys (Manny, Moe & Jack), the auto parts chain, has signed a five-year contract to be title sponsor of the Indy Racing League. The Philadelphia-based company will contribute more than $1 million in prize money annually to the race series operated by the Indianapolis Motor Speedway. The first of 11 Pep Boys Indy Racing League events will be run Saturday in Orlando, Fla. Pep Boys will award $1 million annually to the league’s championship-winning team and become the official auto parts store of the IRL and the Indianapolis 500.