Nascar

Coca-Cola enters new multi-year agreement with Joey Logano, Penske

JOLIET, IL - SEPTEMBER 14: Joey Logano, driver of the #22 Shell-Pennzoil Ford, during practice for the NASCAR Sprint Cup Series Geico 400 at Chicagoland Speedway on September 14, 2013 in Joliet, Illinois. (Photo by Jeff Zelevansky/NASCAR via Getty Images) *** Local Caption *** Joey Logano

JOLIET, IL - SEPTEMBER 14: Joey Logano, driver of the #22 Shell-Pennzoil Ford, during practice for the NASCAR Sprint Cup Series Geico 400 at Chicagoland Speedway on September 14, 2013 in Joliet, Illinois. (Photo by Jeff Zelevansky/NASCAR via Getty Images) *** Local Caption *** Joey Logano

Team Penske and Coca-Cola have extended their alliance in the NASCAR Sprint Cup Series through a new multi-year agreement.

The new deal means Coca-Cola will continue to be featured on Joey Logano's No. 22 Team Penske Ford Fusion and Logano will remain a member of the Coca-Cola Racing Family.

"We have enjoyed a great partnership with Coca-Cola and we are happy to announce an extension of our agreement," said team owner Roger Penske in a statement released by the team. "Coca-Cola is truly a leader in the marketplace. Together, we have experienced success both on and off of the track and we appreciate the opportunity to build on this success for years to come, as lasting relationships with strong partners are such an important part of our business."

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Team Penske and Coca-Cola teamed up for the 2011 season. Logano, the defending winner of the Daytona 500, has been a member of the Coca-Cola Racing Family since he began racing in the Cup series full time in 2009. Coca-Cola has donated more than $300,000 to the Joey Logano Foundation through its "Chug For Charity" effort.