After Bitter Loss, Hendrick Motorsports Chart $15 Million Plan to Get Kyle Larson & Co. Back to the Top

Over the years, Hendrick Motorsports has established itself as a powerhouse of the sport. The team was founded by Rick Hendrick in 1984. Since then, the team has amassed a staggering 14 Cup Series championships—the most by any team in the modern era. The team’s stable has, at various points in time, included NASCAR legends such as Jeff Gordon, Jimmie Johnson, and Dale Earnhardt Jr.

With a current lineup featuring the likes of Chase Elliott and Kyle Larson, the team is poised to add to its records. Despite its already massive presence in the world of motorsports, a recent press release indicated that HMS is still on a quest to grow further.

What are Hendrick Motorsports’ expansion plans?

Recently, an HMS press release mentioned that the team is planning to expand its manufacturing center in Concord, North Carolina. The team is planning to invest a total of $14.9 million in the project, which is estimated to add 50+ advanced manufacturing jobs. The city and county will also be providing grants worth $449,540 over the next three years. With the expansion, HMS will create more jobs for tasks such as “fabrication of metal structures, prototyping, and assembly.”

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In the press release, Marshall Carlson, the president of Hendrick Cos., mentioned that the expansion will benefit the local community. He said the new facility would allow the team to further broaden their “manufacturing work and create additional career opportunities” for future employees with the required skill set. The current HMS facility is a whopping 155,000 sq ft already. The current expansion plan will further consolidate its presence in the motorsports world.

Could this be a move to get back to dominating the championship?

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Hendrick Motorsports has been the most dominant force in the NASCAR grid for years. However, last year things did not seem to go so well for the team. Losing the championship to Team Penske’s Joey Logano was a major setback for the team. However, it seems that the team is determined to get back on top.

Last year, their best finish at the end of the season ended in fourth place. Although their star driver Chase Elliott made it into the Championship 4, a late-race incident between him and Ross Chastain saw him dropping down the order. Moreover, Kyle Larson was knocked out early and didn’t make it to the Championship 4.

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The 2022 Cup Series season might not have gone the way Rick Hendrick wanted it to go. But with all of these major improvements back at the factory, there is a good chance they will be back up on top of the field. Moreover, it would also set the pace for the team in the future.