Team Penske has released a statement following the hefty penalties issued to the No. 2 and No. 12 entries for the upcoming Indy 500. Following an investigation, the No. 2 and No. 12 cars of Josef Newgarden and Will Power were found to have modified attenuators.

As the latest round of Team Penske cheating allegations swirled through Indianapolis Motor Speedway, the president of the IndyCar team stood outside the garage to address the illegal modifications discovered on two of its cars.

Both Josef Newgarden and Will Power will start Sunday's Indianapolis 500 at the back of the grid. Reactions from the paddock began with Team Penske again under fire.