Yahoo is reporting that David Stremme appears to have the inside track to Penske Racing’s No. 12 vacated by Ryan Newman. With Stremme being hired as a test driver earlier this year, all signs point to him being the favorite for the No. 12.

The team is said to be waiting to finalize sponsorship, as Verizon acquired Alltel earlier this year forcing the sponsor to leave the sport at the end of the season.