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News (chronologically)
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12/13/02
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Heitzler scores court victory
UPDATE We forgot to mention,
these are just procedural issues, and not substantive issues.
The real case is yet to be heard. 12/13/02 - According to
the an article written by Steve Mayer in the December 11th issue of
NSSN, former CART CEO Joe Heitzler prevailed again last week in U.S.
District Court in Los Angeles. Judge Ronald Lew denied a motion to
disqualify Championship Auto Racing Teams' former law firm Thelen Reid
& Priest (TRP) from representing Heitzler. Last March 26, CART sued
Heitzler, in U.S. District Court in Detroit, alleging breach of
contract, breach of fiduciary duties and fraud. Two days later,
Heitzler sued CART in Los Angeles alleging breach of contract, fraud,
negligent misrepresentation, and breach of covenant of good faith and
fair dealing. On April 1, Heitzler sued CART directors/team owners Pat
Patrick and Carl Haas, as individuals, alleging defamation,
interference with contractual relations, and infliction of emotional
distress and invasion of privacy. In September, Judge Patrick Duggan
in Detroit granted Heitzler's motion to move CART's action to Los
Angeles. Judge Lew allows Heitzler to retain TRP in the Patrick-Haas
matter where his attorney for the past 20 years, James Turken, is
based. In addition, Judge Lew denied the motion of both CART and
Patrick-Haas to consolidate the pre-trial proceedings. Patrick-Haas
and CART objected to Turken and Los Angeles-based TRP from
representing Heitzler. CART and Patrick-Haas's attorney's contended,
among other arguments, that since Turken and TRP were privy to
confidential CART information, there could not be impartial
representation. Judge Lew did not concur. "Defendants point to billing
statements from TRP," Lew wrote, "and argue that these `clearly show
that (TRP) received confidential information from CART.' An
examination of the statements does not, by itself, indicate either a
substantial relationship or that confidential information was actually
passed to TRP."........Should Heitzler be awarded a judgment against
Patrick and Haas, CART shareholders may be in for a surprise. In a
declaration by CART Chief Financial Officer Tom Carter stated, "CART's
corporate bylaws provide that CART will indemnify board members for
lawsuits such as the Plaintiff's suit."........One Heitzler attorney
Eric Diamond stated, "We're pleased with the judge's decision. We now
look forward to proceeding, now that the pre-trial procedural motions
are out of the way." Attorneys for CART and/or Patrick-Haas, however,
have not indicated whether they will appeal Judge Lew's ruling. |
|
12/12/02
 |
Petree seeks investors
Andy Petree said he is seeking investors for his NASCAR Winston Cup
race team, and still has plans for a full schedule in 2003. "Investors
with existing business relationships can find a home with a top stock
car racing team," Petree said. "I’m looking for someone who can
partner with me and help us continue the success this team has enjoyed
over the years." Petree, the only hands-on car owner with a recent
championship in a leadership role, has two race victories in the past
two seasons, and is perennially a challenger on a weekly basis. Bobby
Hamilton and Joe Nemechek were the most recent drivers to win with the
team. "For someone who is looking to be part of a traditionally
winning team in the most popular form of motorsports, we have a
tremendous opportunity," Petree said. "The missing piece of our puzzle
is a business savvy investor with ties to corporate America." A proven
winner, Petree has found victory lane in everything he has attempted.
In fact, his most recent victory came with 2003 Winston Cup champion
Tony Stewart behind the wheel of his NASCAR Craftsman Truck Series
entry, taking a victory at Richmond, Va. Stewart said Petree had one
of the best organizations for which he had driven in his career, and
noted that Petree’s truck team won in just four starts. "We’ve done
everything you can do on the race track. I don’t think anyone disputes
that we have a strong program here," he said. "Someone who can come in
as an investor and help us bring the final part of the sponsorship
situation together is going to find tremendous rewards. The way this
sport is booming right now, once the economy does come back - and it
is showing every sign of doing that - an established winning NASCAR
Winston Cup team is going to be at a real premium." |
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12/12/02
 |
CART stock watch
MPH closed at $3.74 Down $0.01 on Volume
of 10,800 shares.
$3.08 Bid - $4.04 Ask on close.
Session Low/High $3.63 / $3.77
MPH Value Change Down 0.27%
DOW Jones Down 50.74 or 0.59% on Volume of 1.64 billion shares.
NASDAQ Up 2.96 or 0.21%
S&P 500 Down 3.38 or 0.37%
Courtesy of C3I.AndersonGroupe - Chicago
www.andersongroupe.com |
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12/12/02
 |
Jordan renews with sponsor
Jordan Grand Prix is pleased to announce a renewal of its
sponsorship agreement with Imation Corporation, one of the
world's leading manufacturers of removable data storage
products including CD-R, DVD and data storage tapes. The
agreement takes the two companies into the fifth consecutive
year of their association. In addition to sponsorship
investment, Imation will continue to supply a range of data
storage media to Jordan for use across a wide range of IT
applications including the storage of telemetry data generated
at races and tests, plus data generated by the team's
windtunnel and design office. In 2003 Imation will be known as
an 'Official Technology Partner' to Jordan Ford. “We look back
on four exciting years of building our relationship with
Jordan Grand Prix. Since 1999 we have been working closely
with Jordan to capitalize on our unique relationship. We have
been able to take advantage of the many opportunities that our
relationship offers to us, both for marketing and
communication purposes. Jordan has allowed us to demonstrate
the capability of our technologies to viewers of Formula One
racing,” Brian J. Plummer, Executive Director Imation Europe
commented. “The partnership, initially geared towards
technical co-operation, provides an outstanding forum for
showcasing our technological competence as a world leader in
IT storage applications.” “It's very satisfying to maintain
our association with Imation into a fifth season as it
demonstrates the strength of our partnership and their
commitment to Formula One with Jordan,” added Eddie Jordan.
“The use of Imation's technology within the team show-cases
its capabilities and demonstrates the quality of their
products in terms of speed, reliability and performance.” |
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12/12/02
 |
Trans-Am to race at CART venues
It was announced today that Trans-Am will race with CART at
the three Dover Downs promoted races in St. Petersburg, Denver
and Long Beach in 2003. |
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12/12/02
 |
Scheckter tests Toyota for
Ganassi
Tomas Scheckter and Target Chip Ganassi Racing continued the
fast-paced Indy Racing League off-season by testing Dec. 11 at
Phoenix International Raceway. The test marked the third
consecutive day that the historic 1-mile oval was used for
tests by IRL teams. Two-time reigning IRL champion Sam Hornish
Jr. tested the new 2003 Chevy Indy V8 engine with Team Menard
driver Jaques Lazier and Vitor Meira on Dec. 9-10. Scheckter,
winner of the Michigan Indy 400 in July at Michigan
International Speedway, turned approximately 150 laps with the
new Toyota Indy V8 engine. “It went well,” Scheckter said.
“The relationship between me and the team is building up well.
What we developed in the test at Homestead, we brought here.
With every lap, we’re getting better and better, and we’re
heading in the right direction.” Scheckter finished 14th in
the 2002 IRL point standings, competing in the first 12 races
of the season with Red Bull Cheever Racing before leaving the
team. Target Chip Ganassi Racing owner Chip Ganassi announced
Oct. 23 that Scheckter and Scott Dixon will drive for the team
exclusively in the IRL in 2003. Target Chip Ganassi Racing won
four consecutive CART titles from 1996-1999 and captured the
2000 Indianapolis 500 with Juan Pablo Montoya. “It’s a very
professional team,” Scheckter said. “They are very aggressive
and want to win. I’m building a good relationship with my
engineers. They understand what I need, and I’m understanding
what they need from me. “We’re learning more with every lap we
turn.” |
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12/12/02
 |
Irvine may drive for Bentley, but wants
F1 ride
UPDATE Irvine has turned
down the offer from Bentley to drive at LeMans for them
12/10/02 - The Bentley sports car team have offered Eddie Irvine a drive in next
year's Le Mans 24-hour race. The Ulsterman is still waiting to see if
there is a chance of securing the remaining Jordan-Ford formula one
drive alongside Giancarlo Fisichella. |
|
12/12/02
 |
German drops Arrows
The German news agency DPA is reporting this morning that
Oliver Behring, the man who was going to invest in the Arrows
F1 with his German Grand Prix Racing GmbH company, has told
them that the contract with the team has been cancelled.
Behring was surprised when Arrows did not receive an entry for
the 2003 FIA Formula 1 World Championship. He had previously
said that he had been told that an entry had been organized
and that there was "a 99.95% chance" that the team would be
present at the first race of 2003. |
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12/12/02
 |
Salo bitter over Toyota
treatment, says da Matta will struggle
Mika Salo, the Finn who was unexpectedly dropped after a
single season at Formula One newcomers Toyota, hopes the
Cologne-based outfit will falter next season. Toyota's
decision to recruit an all-new driver line-up of Olivier Panis
and Cristiano da Matta next season took many by surprise and
although Salo feels Panis will fair reasonably owing to his
wealth of experience in the sport, he is less than optimistic
over da Matta's prospects when he makes his F1 debut in
Australia next March. "Panis can handle it well because he's
got experience from other teams. But I think da Matta will
struggle a bit," he remarked of this season's CART champion.
"When he tested for us in the summer he was driving the same
day as Allan [McNish] and he was two seconds slower. And Paul
Ricard is the easiest circuit in the world. I'm happy I'm not
there. I couldn't take that any more, one more year of the
same thing." |
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12/12/02
 |
F1 considers tobacco U-Turn
This Ananova
article talks about how F1 might drop its self-imposed
ban on tobacco after 2006 because the EU has reneged on its
agreement and moved the ban up to 2005. The thought now
is to move most F1 races out of Europe to other countries
where tobacco advertising is allowed. |
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12/12/02
 |
Petty employee dies
Charles B. "CB" Lee, a veteran of NASCAR Winston Cup racing
and most recently with Petty Enterprises, passed away Tuesday
night at his home. Lee, 57, had been a mechanic at Petty
Enterprises since 1999. A Texas native, Lee originally worked
with A.J. Foyt’s Indy car team in the 1970's and early 80's,
moving to North Carolina to work on stock cars with Foyt. When
Foyt first left stock car racing in the late 80's, Lee moved
to Stavola Brothers Racing, and also worked for Bobby Allison
Motorsports and Bahari Racing. It was at Bahari he met Doug
Hewitt and Gary Putnam, Hewitt bringing Lee to Petty
Enterprises. He is survived with his wife, Trudy, a son,
Charles, Jr., 22, and daughter Megan, 14. The family lives in
Asheboro. A memorial service is scheduled for 3 p.m.,
Saturday, Dec. 14, at Hartsell Funeral Home, 460 Branchview
Dr. NE, Concord, N.C. |
|
12/12/02
 |
Ferrari
test news
First day of testing this week for Scuderia Ferrari Marlboro
at the Circuit de Catalunya, near Barcelona. Luca Badoer was
driving Wednesday, with two F2002 at his disposal. The
Scuderia official test driver’s program covered tire and
electronics testing. A total of 96 laps was completed: 71 with
chassis 217 and 25 with chassis 220. The best time of the day
was 1’19”162. The Sauber team was also present at the test:
Heinz-Harald Frentzen covered 83 laps (best time 1’20”350,)
Nick Heidfeld, 28 laps (1’20”944.) Thursday, the Scuderia will
be testing at two circuits: Luca Badoer and Rubens Barrichello
will be in action in Barcelona, while Luciano Burti will be at
Mugello. Ferrari |
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12/12/02
 |
Pook takes CART into quiet mode
In his latest article for National Speed Sport News, Steve Mayer
writes - CART will no longer directly communicate with shareholders
and analysts. Last week, Championship Auto Racing Teams CEO
Chris Pook told the Sports Business Journal that it was discontinuing
quarterly teleconferences where institutional investors and analysts
quiz management about operations and future prospects. "The Q
speaks for itself," Pook told the SBJ. "This is the position of our
company each quarter." Pook will not hold any teleconferences
until after "rebuilding the brand of this company and relaunching the
company back on the road to success."..........Since taking the reins
a year ago, CART, under Pook has lost $160 million in shareholder
value. Pook's motivation in terminating relations with Wall
Street is hard to understand. Pook may be fearful if the actual "burn
rate" is uncovered the stock price could fall sharply. "I'm not
sure its that, or that he doesn't want to answer questions he doesn't
have answers for," opined analyst Dennis McAlpine of McAlpine
Associates. "The basic questions get to the viability of CART,
over a long period of time, such as where's the 18 cars, where's the
TV ratings, where's the attendance? "None of these things he has
any response to." McAlpine is the only analyst left covering
CART. Analyst Glen Reid of Bear Stearns discontinued
coverage last week. Analyst Tim Conder of A.G. Edwards dropped
coverage of CART in September, issuing an e-mail which stated, in
part, that since neither Pook nor Chief Financial Officer Tom Carter
answered questions, much less punctually returned phone calls or
emails, no point was served in continuing the relationship. A.G.
Edwards was one of the original CART's IPO underwriters......CFO Tom
Carter may be unaware that he may be fired and a new Chief Operating
Officer may be appointed .........Bud Stanner, the President of IMG
Motorsports, promoter of Cleveland and Surfer Paradise CART events, is
very optimistic. "I am very confident that they're going to grid
20 cars," stated Stanner. "I went to a promoters meeting in
Miami, and everyone is very supportive. It was one of the best
meetings of its type ever. "From an operating standpoint,
they're doing it right. They haven't made any mistakes." Rumors
continue to circulate that if commitments for 18 cars are not soon
announced, CART will declare bankruptcy [Bankrupt with $100
million in the bank? Some people have no clue].
Charting CART Stock by CEO
CEO Term First Day Last Day Gain/Loss
Andrew Craig 03/13/98-06/16/00 $16.00 $23.00 43.8%
Bobby Rahal 06/16/00-12/04/00 $23.00 $20.75 -9.8%
Joe Heitzler 12/04/00-12/04/01 $20.75 $15.00 -27.7%
Chris Pook 12/19/01-Current $15.90 $3.83 -74.5% " |
|
12/12/02
Russell Racing |
Mandarino wins Russell Racing runoffs
The speed and consistency of Lorenzo Mandarino earned him overall
honors in the 2002
Jim Russell Graduate Runoffs presented by RACER Magazine and
Yokohama Tires Dec. 3-8. Mandarino took home the Jim Russell/
RACER Trophy by proving to be the most promising talent among the
twelve finalists in this subjective competition and will race for free
in the 2003 USAC Formula Russell Championship. Of the 60 entrants, 26
advanced to the Sunday finals where a dozen drivers were chosen to run
two final sessions on different configurations of Infineon Raceway to
determine the podium spots. Ever driver was evaluated on factors
including consistency, improvement, and outright speed. These were
weighed against their amount of karting and open-wheel racing
experience throughout the competition. Eight judges observed the
drivers during the Sunday finals. John Zimmermann, Editor at Large for
RACER Magazine, joined Jeremy Shaw, broadcast journalist and Team USA
Scholarship founder with Lynx Racing team manager Steve Cameron and
CART Champ Car driver Memo Gidley in assisting Jim Russell instructors
Mark Wolocatiuk, Ric McCormick, and John Knoedler in making the hard
choices. Also assisting in judging duties was Jason Kritikos, newly
crowned champion of the 2002 USAC Formula Russell Championship.
Kritikos was a finalist in last year's Graduate Runoffs. Mandarino
will race all 17 rounds of the USAC Formula Russell Championship for
free next year with an eye towards that title prize which would earn
him two free races in the 2004 FF2000 Zetec Championship pro series.
Mandarino started racing karts at the age of 8 and has run extensively
in the SKUSA series over the last three seasons. He also earned the
first ever ICC track championship at the Infineon Raceway Karting
Center. Second spot in the Jim Russell Graduate Runoffs went to David
Whitelaw who receives a scholarship for eight free races next season.
The final podium spot and four free races next year went to Kris Shaw.
Although not one of the finalists, Jerry Anderson earned a free season
as well as the top driver over the age of 40. The nine drivers who
made the final cut but didn't earn a spot on the podium will each
receive two races in next year's USAC Formula Russell Championship.
They are:
-Alexandre Albiero
-Erik Bartolero
-Nick Bussell
-Miguel Grillo
-Shane Howe
-Scott Meadow
-Brett Monetti
-Alex Navejar
-Pieter Rossi |
|
12/12/02

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New
British team to snub CART for the IRL
New British Formula 3000 team Brand Motorsports has announced that it
will race in the European CART Champ Car rounds next season before
snubbing CART and targeting a full campaign in the Indy Racing League
for 2004 instead. Martin Kendrick, Team Principal of Brand
Motorsports, has confirmed that the team's 2003 racing program will
include the two planned European rounds of the 2003 CART FedEx
Championship. The decision to race in CART follows a three month
feasibility study that identified the huge marketing potential of U.S.
Championships and Brand will use these European races as preparation
for a full seasons campaign in the 2004 North American Indy Racing
League. Martin Kendrick, Team Principal: "We are assembling a race
team with the technical and engineering expertise to enable Brand
Motorsports to compete in top level racing program in Europe and
beyond and have already identified drivers to compete for us in the
European CART rounds." "The Brand Group is already very active in
North America and IRL in 2004 will present us with a powerful
marketing platform from which to further grow our business." "A key
element in the success of our communications business, which is now a
global leader, has been strategic foresight and a discipline for long
term planning. Our short term goal on the track is to establish
ourselves at the front of the 2003 FIA International F3000
Championship grid. However, that is just the beginning." "Brand is not
a racing competitor but a motorsport business and has made a
significant investment in top caliber engineering personnel,
state-of-the-art premises and equipment. As part of a planned growth
strategy the IRL represents an opportunity to further develop our
business in 2004 whilst next year's proposed European CART races will
provide excellent preparation." Brand bought out the Red Bull
F3000 team in October. |
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12/12/02

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Barber Dodge Pro Series testing
Burt Frisselle, a 2002 Barber Dodge Pro Series Scholarship Run-Off
invitee, spent this past week in Sebring, Florida at a Barber Dodge
Pro Series test in the Dodge Reynard 98E. The Barber Dodge Pro Series
is the entry level professional series in the CART development ladder
and Frisselle’s target for the 2003 season. The test was an
opportunity for Frisselle to continue his preparation for the run-off
in which he hopes to win the top prize of a $100,000 scholarship for
the 2003 Barber Dodge Pro Series. Over the course of the five days of
testing, the young rookie from Hawaii was among the top two in times
in every session as he worked to find the speed necessary to be
competitive in the run-off. Throughout the tests, Frisselle had the
opportunity to try a variety of set-ups in an effort to determine what
will work best for him. After turning a lap time of 1:07.46, Frisselle
was very pleased with the progress he made and feels he will be very
competitive in the run-off. “This week went extremely
well. I had the opportunity to concentrate 100% on my racing and car
set-up. I was very pleased with my times, and I was really able to get
a good feel for the car. I feel very confident as I look ahead to the
upcoming run-off and I hope to capitalize on the opportunity that the
Barber Dodge Scholarship and CART ladder system provide” said
Frisselle. |
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12/12/02
 |
Latest F1 Hot News
Stoddart Sheds No Tears For Tom
Dutch Sponsors Line At F1
Door
Thumbs-Up On New BMW
Powerplant
Jacques And Michael At
Ferrari?
Stoddart: Safety Concern
For Slicks
Wet-Dry Session at
Barcelona
Sponsor Change For Renault
Team
F1 Needs Characters, Urges
Jacques
Webber To Follow Brabham's
Footsteps?
Pole-Position King Under
Threat
Emerson Fittipaldi Turns
56
Privateers Struggle On
For Survival |
|
12/11/02
 |
No F1 at Spa until at least 2007
In this DailyF1
article,
any hopes of the Belgium Grand Prix being reinstated on the Formula
One calendar in 2003 have been dashed with a vote in Belgian
government ratifying the sweeping no-exemptions tobacco advertising
ban to come into force in August next year. The ban had been passed
provisionally earlier this year but another vote was called after
government officials realised the impact it would have on major
events, none more so than the Belgian Grand Prix, held at the great
track Spa-Francorchamps. The F1 Commission ruled in late October to
have the race dropped from the calendar because the tobacco-backed
teams, Renault, McLaren, Ferrari, and BAR would not agree to run
compromise liveries. They already make that move for the British and
French Grands Prix but their agreements with backers would not allow
for a third race. The FIA and Formula One in general was hoping
Belgium would push ahead with the dropping of a regional ban in favour
of following the rest of Europe which will adopt the EU/FIA ban in
2006. The news means the Belgium Grand Prix will not have a chance to
host a race on the calendar until at least 2007. |
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12/11/02
 |
Earnhardt behind big tournament
Dale Earnhardt, Jr., one of NASCAR's brightest stars, is using his
interest in the sport of Jiu Jitsu to create the premier Dale
Earnhardt, Jr. Grappling Classic. Organizers say this tournament has
the potential to be the largest Jiu Jitsu tournament in the world.
"I'm happy to be a part of something that will surely impact the sport
of Jiu Jitsu," Earnhardt, Jr. said. "What started out as conversation
between me and a couple of buddies has turned into a huge competition
that will bring a ton of exposure to this exciting, unique sport." The
tournament is the brainchild of Joe Hurst, 2001 Jiu Jitsu World
Champion, and Garrett Barger, North Carolina state trooper and Jiu
Jitsu student. It will include Ultimate Fighting champions from around
the world in a competition open to the public, to be held at the brand
new Cabarrus Arena in Concord, N.C. on January 25, 2003. Competition
begins at 10:00 am and will continue throughout the day. Tickets for
the this awesome event are available through Ticketmaster and will go
on sale starting December 12. Adult admission is $20.00 with tickets
for children 3-12 selling for $10.00. Children two and under will be
admitted free. Attending the inaugural Dale Earnhardt, Jr. Grappling
Classic will be top names such as current Heavyweight Champion of the
World, Ricco Rodriquez and nationally ranked Tito Ortez. Also on hand
will be three-time World Champion Royce Gracie, whose father created
the Brazilian form of Jiu Jitsu that is used in international
competitions today. Gracie will also hold a seminar, open to the
public, on Friday night prior to the Classic. The Dale Earnhardt, Jr.
Grappling Classic will consist of competition in both amateur and
professional divisions, including women and children as well as Gi and
No Gi divisions for men. And through a process of elimination, the
fighters will be dismissed one by one as they lose fights. The
professional fights and the "super-fight" will begin around eight
p.m., with a grand prize of $2,000 going to the winner, as well as a
trophy and gift packs from sponsors. Earnhardt Jr. will be the host of
the event and other NASCAR Winston Cup Series notables and local
celebrities will be on hand to observe the competition. "I've become
such a huge fan of this sport that I can't wait to see how it all goes
down," Earnhardt Jr. said. "Joe and Garrett have taught me a lot about
what takes place at this type of tournament. It'll be cool to see the
different fights that go on throughout the day and who makes it to the
end. That will be the best part when the top people compete for the
title. That's when the competition will be intense. "I'm glad to be a
part of the program," Earnhardt Jr. continued. "I thought these guys
needed someone to help them along with a little notoriety. The point
is to get the word out about Jiu Jitsu. It's about people who train
and compete in intense settings like we do on the racetrack everyday.
I hope to convert another group of fans by doing the Grappling
Classic. We also hope to do more of these every year." On top of the
noteworthy athletes who will be on hand at the arena, there will be
many of the Dale Earnhardt, Inc. team Chevrolets, including the No. 8
Budweiser Chevy, which Earnhardt Jr. drives, on display. Many Cabarrus
County companies will be associated with this event to welcome the
guests from all over the country, as well as many from other
countries. As well, the primary sponsor for this event will be named
in a press conference to be held at a later date. For more information
about the Dale Earnhardt, Jr. Inaugural Grappling Classic, log on to
www.dalejrgrapplingclassic.com |
|
12/11/02
 |
CART stock watch
MPH closed at $3.79 Down $0.05 on Volume of 1,200 shares.
$3.75 Bid - $3.80 Ask on close.
Session Low/High $3.76 / $3.83
MPH Value Change Down 1.30%
DOW Jones Up 14.88 or 0.17% on Volume of 1.64 billion shares.
NASDAQ Up 5.83 or 0.42%
S&P 500 Up 0.51 or 0.06%
Courtesy of C3I.AndersonGroupe - Chicago
www.andersongroupe.com |
|
12/11/02
Industry News |
Catch AR1 live in St. Louis tonight
AutoRacing1.com's President Mark Cipolloni will be live on St. Louis
Radio Station KFNS
590AM/100.7FM tonight at a little past 8:00 PM Eastern Time for a
10-15 minute chat about auto racing. Be sure to catch all the
action. |
|
12/11/02
 |
Dominguez has shoulder surgery
Herdez Competition driver Mario Dominguez underwent surgery
last Wednesday (December 4) in Indianapolis to repair damage
to his shoulder caused during this season. The injury, not
caused by a single incident but rather by repetitive use, was
originally diagnosed during 2002 pre-season testing. Dominguez
was treated during the 2002 season with a combination of
physical therapy and customization of the HANS (Head and Neck
Support) device, supervised by CART’s Chief Orthopedic
Consultant, Dr. Terry Trammell. However, after review by Dr.
Trammell, Dr. Scott Lintner of Orthopedics Indianapolis and a
orthopedic specialist in Houston, it was determined that
Dominguez required surgery to completely correct the problem.
Outpatient arthroscopic surgery was performed on Dominguez in
Indianapolis by Dr. Lintner and, after post-operative checks,
he was released to return to his home in Mexico City for
recovery. His recuperation program will include a rigorous
physical therapy program, which will begin in the next week.
Dr. Trammell is confident of a complete recovery in time for
the beginning of the 2003 testing season in early January.
“We’ll be monitoring his rehabilitation program by phone over
the next month”, Trammell said. “Unless he develops any sort
of unforeseen problem, I expect to see him next at CART’s
Sneak Preview test in early February.” “I’m a little sore”,
Dominguez said on Friday, “but nothing more than I expected.
This injury has been an issue all year long and I’m really
pleased to complete the surgery and be on the road to
recovery. My shoulder caused me quite a lot of pain during
this season and I’m confident that this procedure will restore
the range of motion as well as the strength that I need in
that joint.” |
|
12/11/02
 |
Ganassi announces #42 entry
Texaco Havoline Racing together with Chip Ganassi Racing with
Felix Sabates announced today that rookie sensation driver
Jamie McMurray will pilot the No. 42 Havoline Dodge in the
2003 NASCAR Winston Cup Series with veteran Donnie Wingo
performing the crew chief duties. While the initial
announcement was made back in September, today's statement
confirms car number and paint scheme design for the Havoline
Dodge. For Texaco Havoline Racing, the new car number
signifies a "new beginning" for the long-running NASCAR
sponsor. ChevronTexaco's Vice-President North America
Lubricants Craig Duncan said, "We are very excited about our
new partnership with Chip Ganassi Racing and Jamie McMurray.
We see this as a remarkable opportunity to re-energize our
Havoline brand, in driving it towards our goal of being the
brand of choice among the motoring public in the USA." Talking
about Havoline's Global winning proposition, Craig Peterhansen,
vice president for ChevronTexaco Global Lubricants Solutions
said, "Havoline racing is synonymous with different forms of
the sport, worldwide. For us the racing tracks have become
virtual laboratories all over the world and help us to provide
superior performance and protection to our loyal customers day
in and day out. We are very excited about Jamie and Chip and
are certain that our winning tradition will continue for years
to come." "I feel honored to be chosen as the driver of the
Havoline Dodge," McMurray said. "When you look back on the
list of drivers that have been behind the wheel of the
Havoline car, it's very impressive. I look forward to being
able to carry on the tradition." |
|
12/11/02

Karting |
Rahal
makes big jump in karts Graham Rahal knows he’ll
have some tough competition this weekend at Homestead Miami
Speedway. The 13-year-old son of three-time CART champion
Bobby Rahal makes the big move into karting’s toughest
division – 125cc Shifter Karts – this weekend (Dec. 12-15) in
the opening race of the five-race SKUSA Florida Winter Series.
Rahal, an eighth grader at New Albany (Ohio) Middle School,
showed his medal last year on the national karting series by
placing seventh in the final standings for the 80cc Junior
Shifter division including scoring a victory in Portland, Ore.
The 5-foot-11, 140-pounder just missed an opportunity to place
in the top three in his rookie season on the national circuit
when he suffered through a tough weekend at the SKUSA World
Finals in Norman, Okla., in September. “This move to the 125cc
Shifter class is a big move for me,” said Rahal, who currently
holds down a busy school schedule with eight classes. “I’ll be
one of the youngest in the country in this class and I’m
racing against some of the top karting drivers right now. Guys
like Bobby Wilson, Kyle Martin and Preston Peebles are some of
the top drivers in the nation.
Now
I’ll be going against them. It’s a challenge.” Rahal’s father,
the 1986 Indy 500 winner believes Graham has shown his
abilities in the smaller class and deserves this new
opportunity. “Graham has learned a lot in the karts in the
past year,” said Bobby, who’ll field cars in CART Champ Cars,
Indy Racing League and Toyota Atlantic in 2003. “He is growing
too and needs to be in the bigger and more powerful karts. I
think he knows this series is very competitive and he’ll need
to be ready both mentally and physically.” Graham Rahal has
already been training hard this winter. “It’s been a little
tough staying off soda pop and pizza right now,” said Graham.
“But I am stronger and I have been training every day. I feel
very good right now.” Rahal, who turns age 14 on January 4,
will be joining one of karting’s top teams in 2003 with the
Montreal-based PSL Racing, a racing operation that has
produced numerous karting champions. “Going with PSL is a
great deal for me,” said Graham, who starts the Florida Series
this weekend by competing in the Homestead Miami Speedway
parking lot. “We have CRG chassis and strong 125cc motors.
This class is just like the one in Europe and it’s very tough.
I know I’ll learn a lot in this division.” The Homestead round
is the opening event of the SKUSA Florida Winter Karting
Series that also includes rounds at Ocala (twice), Gainesville
and Jacksonville. Last year at Homestead, Rahal won the Rotax
Junior class and placed second in the 80cc Junior division.
“The Homestead is shorter than many of the other Florida
tracks,” said Rahal. “But it’s pretty fast and I expect some
good racing there. I’m anxious to get started.” |
|
12/11/02
 |
Sauber test news Team
SAUBER PETRONAS began its final test of the year in Barcelona,
at the Circuit de Catalunya today, running the SAUBER PETRONAS
C21 cars for Heinz-Harald Frentzen and Nick Heidfeld.
Heinz-Harald Frentzen completed 83 laps and set the best time
of
1m.20.351s while Nick Heidfeld, who was not feeling very well,
managed 24 laps with a best time of 1m20.882s. Jacky
Eeckelaert (Head of Vehicle Engineering): "The weather was not
good and the track was wet until lunch time. We have therefore
adapted our program to cater for this. This morning,
Heinz-Harald Frentzen ran a wet tire program for Bridgestone
and concentrated on aerodynamic in the afternoon. Nick felt
better in the afternoon and conducted a program of damper
development." Heinz-Harald Frentzen: "We had not expected it
to be wet today, but we made the best of the conditions and
thanks to the reliability of the car we were able to get
plenty of data." Nick Heidfeld: "I felt slightly feverish this
morning, which made it uncomfortable to drive the car. I was
better this afternoon. I'll feel fit for the rest of the
test."
Names Chassis Laptime Laps
Luca Badoer Ferrari 1m19.148s 96
Heinz-Harald Frentzen Sauber Petronas 1m20.351s 83
Nick Heidfeld Sauber Petronas 1m20.882s 24 |
|
12/11/02
 |
Octagon denies reports CART at
Brands Hatch is dead Octagon Motorsports has denied
claims in the UK press it has scrapped plans to stage a CART
race at its Brands Hatch circuit in England due to costs.
Speculation has mounted the Kent track is favorite to stage
next year's UK race, after Rockingham pulled the plug after
just two years. In a report in today's Daily Telegraph
newspaper, it claims Octagon Motorsports said they could not
afford to stage the race. But an Octagon
spokeswoman denied that was the case. Speaking to
sportbusiness.com, Ruth Wicks said: "CART is looking and
talking to a number of sites at the moment and no decision has
been made as to where the race will be staged. "The costs to
stage just one race in Europe would be high because of the
freight costs, but who supports that cost will be negotiated
between the promoter and CART. "We have certainly not ruled
anything out. A bigger concern would be if there was enough
time to actually promote and organize the race in the time
left." The race is penciled in to take place in May and if no
deal is signed until the new year, it will give promoters of
the race a small window in which to promote a race, at a new
venue. Hopes are that CART will secure a second European race,
thereby spreading the costs involved for both CART and the
local promoters. As we reported on our rumors page, CART
will only have two European races in 2003, not three as
originally rumored by many. |
|
12/11/02
 |
Another victory for anti-tobacco
UPDATE The
restriction, which will come into force from October 2003,
will affect the Renault F1 Team’s main backer Japan Tobacco,
which markets its double-blue Mild Seven brand in Formula One
and has done so since 1994 when it first became associated
with Benetton. Although this will only apply to races within
the EU, it will likely mean Japan Tobacco will have to market
a different brand in Formula One. ‘JT and JTI maintain a
continuous corporate objective to cooperate with governments
and authorities around the world,’ said Hideo Katsuura, Chief
Communications Officer for JT. ‘However, we believe that the
Directive has exceeded the EC Treaty. Despite today's
decision, JT and JTI will consider opportunities to protect
our fundamental and legitimate property rights.’
12/10/02 - According to this PitPass
article,
The European Court of Justice has today ruled that cigarettes can no
longer be described as 'mild', 'light' or 'low tar', meaning for
example that Marlboro Lights will need a name change before September
2003. As a result of legislation introduced earlier this year, two of
the tobacco giants British American Tobacco and Imperial Tobacco took
the matter to the European Court of Justice. The tobacco companies
claimed that it was illegal to make them change the name of their
brands. Clearly it wasn't. This particular issue, the naming of
brands, has no real relevance to F1, but it does give a clear
indication of how the European Union views tobacco and tobacco
advertising. As previously reported the European Union wants to see
all tobacco advertising banned by July 2005, despite the fact that it
was originally agreed to give F1 until the end of the 2006 season to
'kick the habit'. At what is already a difficult time for the sport,
the last thing it needs is added pressure from the anti-tobacco lobby,
which is clearly gaining strength. "The tobacco industry took us to
court as usual and yet again has had to bite the dust," said Julian
Maaten, a member of the European Parliament. "From today onwards,
Europe is more advanced than any other part of the world in combating
tobacco addiction." Which is great news for F1 fans in China, Russia,
Vietnam, Kuwait.. |
|
12/11/02
 |
Dutch TV may back Verstappen
Holland Media Group (HMG), which owns three television stations and
one radio station in the Netherlands including TV network RTL5 which
broadcasts Formula One racing in Holland, has admitted it is in
negotiations to sponsor Jos Verstappen for 2003. Verstappen is rumored
to join Minardi next season but will need to put together a
sponsorship budget to contribute to the cash-poor team for a deal to
be completed. ‘It is true we are negotiating with Jos Verstappen,’ an
HMG spokesman said. ‘We are only talking to Verstappen not to
Christijan Albers or KL Minardi. Unfortunately, I cannot reveal more
at this moment, but we will make an announcement as soon as we know
more. ‘I cannot say anything about the financial worth of the deal we
are negotiating, so this is still unknown. There's no deal yet,
nothing has been signed; we are just talking.’ Lost Boys, the Dutch
internet business group, said through a spokesman that it was looking
at new opportunities relating to Minardi but that unlike HMG, it was
focusing on a team backing deal. ‘We are not negotiating with Jos
Verstappen or Christijan Albers,’ a representative explained. ‘We are
talking with KL Minardi, but the deal is not done yet. I cannot say
anything else at this moment because the deal isn't completed.
‘However, the negotiations are faring well and we will announce more
shortly.’ He added that Lost Boys would look favorably on an all-Dutch
driver line-up. ‘We aren't in talks with a driver,’ he added, ‘but
that doesn't mean we don't want to see Dutch input in the team.’ |
|
12/11/02
 |
IRL set to introduce new gearbox
[Editor's Note: Sounds like a perfect gearbox for road course
racing] According to this IRL
article, Marlboro Team Penske and two-time reigning
Indianapolis 500 champion Helio Castroneves recently tested the new
XTRAC gearbox that will be used in all Indy Racing League cars from
2003-05. The tests were conducted Nov. 16-17 at the Toyota Technical
Center, USA, Inc., also known as the Toyota Arizona Proving Grounds,
located west of Phoenix, and Nov. 20-21 at Phoenix International
Raceway, where the IRL will compete for the eighth time on March 23,
2003. “The IRL was looking for someone to test the ’03 gearbox,”
Penske Racing President Tim Cindric said. “Our approach to it was to
take the 2002 Toyota test car and convert that, through a lot of
effort, to accept the 2003 gearbox. “What we have is what we refer to
as the mule car now because it’s not really relevant to anything
because the underwing’s changed, the bodywork’s changed, and we’ve
essentially put an ’03 gearbox on an ’02 car.” And while the “mule
car” won’t qualify for any races, it served the purpose of testing the
new gearbox so that cars can safely compete in many races over the
next three years. The new gearbox is a longitudinal transmission in
the same way as the 2002 transmission. But it’s perhaps one of the
most compact and easy-to-service longitudinal installations possible,
said Andrew Heard, manager, U.S. engineering and track support for
XTRAC. The shorter gearbox means a safer gearbox, Cindric said. “It’s
a progression in safety to add a much bigger crushable structure to
the rear of the car so that the rear attenuator or rear crash
structure is much, much larger than in previous years,” Cindric said.
“It actually incorporates the mounting of the rear wing. (The wing) is
actually on the attenuator itself. “The best way to describe it is
that it’s a crushable structure very similar to the nose of the car.
So in rear impacts, the idea is for it to absorb a lot of the initial
impact.” The new XTRAC gearbox also incorporates a feature Cindric
describes as “shift without lift.” “Basically, with both the ’02 and
’03 being sequential gearboxes, they are very similar to a motorcycle
where you are just going forward and backward to shift rather than an
“H” pattern of some kind. What “shift without lift” does, it actually
has sensors within the gearshift mechanism that sensors a load on the
gearshift – in other words a load sensor, and a position sensor on the
gearbox that basically times the ignitions of the engine. So when you
shift, you can continue full throttle with your foot and upshift the
car. “So from a driver’s standpoint, he’s always full throttle, which
is the ‘without lift’ part. So you’re shifting, and the electronics
sense when the shift is being made, and they instantaneously shut off
the various parameters in the engine while the shift occurs. Then it
basically turns the engine back on so many milliseconds apart. So the
shift is made, and the driver continues at full throttle, whereas
before the driver would have to lift out of the throttle, shift the
gear and then get back on to the throttle. This is all in an upshift
situation, downshifting you still lift." |
|
12/11/02
 |
Bryan Sellers to test Champ Car
Bryan Sellers, the 2002 Formula Ford 2000 Zetec Champion, recently
began preparations for his upcoming test in a CART FedEx Championship
car. Sellers, traveled to Lincolnshire, Ill., early in the week to
become acquainted with Newman/Haas Racing. In addition to meeting the
engineers and mechanics, Sellers became acclimated to the 800
horsepower car. While similar in size to the 2002 CART Champion,
Cristiano da Matta, a new seat was made for Sellers, to ensure he was
comfortable and had the proper driving position for the upcoming test.
"It's pretty incredible to sit in a CART car," said Sellers. "It's a
whole different world to what I've done thus far, but everyone at the
shop has been very supportive." The 20 year-old will conduct a
full-day's worth of testing over the course of three days from Dec
16-18, at Sebring International Raceway using the Paddock course. The
Centerville, Ohio native will drive the No. 11 Lilly Newman/Haas
Racing Toyota Lola, previously driven by Christian Fittipaldi.
Providing feedback and guiding Sellers through the test will be
Newman/Haas Senior Engineer Peter Gibbons. "I'm really looking forward
to getting on track," said Sellers. "The chance to drive one of the
best cars in the world in front of some of the most influential people
in racing is a dream come true. I am going to make the most of this
rare opportunity and make sure I enjoy every minute of the test."
Thanks to Newman/Haas Racing, Dynamic Suspensions and Carl Haas
Automobile Imports Inc., Sellers earned the test after dominating the
2002 Zetec Championship. Sellers captured a record-tying eight wins,
seven pole positions and lead the championship from start to finish.
Formula Ford |
|
12/11/02
 |
Anderson's views on CART 2005
In this CART.com
article,
Fernández Racing's Tom Anderson has some very interesting ideas on
what CART should do with their new 2005 rules package, many of which
we at AR1 agree with, some of which we don't. A must read for
many. |
|
12/11/02
 |
Latest F1 Hot News
Jordan Settles With Frentzen
Brawn: Full Of Praise For
Schu
GP Testing To Get The Nod
Rising Star To Grace '03
Minardi
Schumacher Dangles Carrot
Of Hope
Wet Weather Progress At
Fiorano
Arrows Saga Back In High
Court
No Engine Subsidy, Says
Minardi Chief
Head Talks Up Williams'
Chances
Hopes Dashed For Belgian
Grand Prix
Arrows Peril Saves Tomas
Scheckter
Stock Markets And Clay
Pigeons
Minardi Live To Fight
Again |
|
12/10/02
 |
Court action begins for Arrows
According to this grandprix.com
article,
Morgan Grenfell's case against Arrows and Tom Walkinshaw began in the
High Court in London on Tuesday to decide whether or not a financial
guarantee made by the team is still valid despite a restructuring of
the company which was supposedly agreed in July 2001. The claim is
that Arrows and Walkinshaw diluted the bank's investment with a
restructuring which was not agreed by the bank. Morgan Grenfell won a
High Court injunction last May to prevent the restructuring and Arrows
and Walkinshaw failed to have the injunction lifted in July and were
heavily criticized by the judge in the case. The outcome of the case,
expected in around eight days, will almost certainly decide whether or
not the Arrows company will go into liquidation. |
|
12/10/02
 |
Ferrari workers strike
UPDATE This grandprix.com
article
says that the announcement on Tuesday that the Fiat chief executive
Gabriele Galateri is to resign has caused more worries down at
Maranello where the future of Ferrari remains linked to the crises
going on at Fiat. Galateri had been in charge since June. There is
increasing pressure from the banks that Fiat should split the Alfa
Romeo brand away from the main Fiat Auto company and create a new
company with Alfa Romeo joining luxury brands Ferrari and Maserati.
But such a deal could result in General Motors refusing to take up the
option it has to buy the entire company in 2004. There was speculation
in Italian newspapers on Tuesday that the new luxury group could
involve the Volkswagen group having a 49% shareholding in the new
company. If that was to happen Fiat would lose control of Ferrari as
10% of the company belongs to the Ferrari Family and with Volkswagen
holding 49% the Fiat control would be broken. Maserati reacted to the
leaks saying that there had been talks with Audi about "possible
technical and commercial cooperation" but did not confirm a bigger
deal. The VW deal does not seem very likely as the company already
controls a number of luxury brands, notably Lamborghini, Bentley and
Bugatti. 12/9/02 - This
note
at Autosport.com says that workers at Ferrari in Maranello, Italy, are
on strike today in protest at plans to restructure parent company Fiat
Auto with the possible loss of up to 8000 jobs, reports The Times.
There were also protest demonstrations over the weekend at the Alfa
Romeo factory at Arese. Fiat Auto is seeking to recoup one billion
euros (approximate $1 billion US) of debt by the end of 2003. |
|
12/10/02
 |
CART stock watch
MPH closed at $3.84 Up $0.13 on Volume of
40,600 shares.
$3.18 Bid - $4.15 Ask on close.
Session Low/High $3.63 / $3.85
MPH Value Change Up 3.5%
DOW Jones Up 100.85 or 1.19% on Volume of 1.64 billion shares.
NASDAQ Up 23.62 or 1.73%
S&P 500 Up 12.45 or 1.4%
Courtesy of C3I.AndersonGroupe - Chicago
www.andersongroupe.com |
|
12/10/02
 |
Jordan and Frentzen settle
Heinz-Harald Frentzen and Jordan have settled their legal dispute over
the unexpected sacking of the German during the 2001 season. Frentzen
was controversially notified of his sacking just a few days before the
race at Hockenheim in Germany which infuriated him and the German fans
alike. He immediately launched legal action against his former
employers and it’s been ongoing for the past 18 months. However a
settlement seems to have been reached. BBC quoted Frentzen’s manager
Monte Field as saying: "We have reached a settlement". |
|
12/10/02
 |
Pollock wants to see Villeneuve on good
team A Canadian Press
article
says - Placing Jacques Villeneuve and Ferrari ace Michael Schumacher
on the same Formula One team is no longer an unthinkable notion,
Villeneuve's agent Craig Pollock said Tuesday. That is one of the
scenarios Pollock will explore when looking for a new team for his
client after Villeneuve's contract with underperforming British
American Racing ends following the 2003 season. "Jacques belongs on
one of the top four teams," said Pollock at a news conference to
promote a charity ski marathon in which he and Villeneuve will take
part on the weekend. "What I'd like to see is Schumacher and
Villeneuve together - not for Jacques or for Schumacher, but for the
sport. They did it in the era of (Ayrton) Senna and (Alain) Prost. The
only way when there's one team so far ahead is to have two drivers
battle each other on the same team." It's unlikely ever to happen, but
internal competition on Ferrari was a hot topic this season when the
Italian team ordered second driver Rubens Barrichello to pull up in
order to ensure that Schumacher won his third consecutive
championship. Villeneuve has one year remaining on his contract
with BAR, which he joined when the team was formed in 1998 by Pollock,
businessman Gerald Forsythe and others with backing from British
American Tobacco. The struggling team dropped Pollock in a management
sweep this year and new boss David Richards has questioned the benefit
of keeping Villeneuve, who reportedly earns $15 million US per year.
Pollock said Villeneuve would stay put for 2003, but that it would be
his last year with BAR. "I'm sure they'll respect the contract just
like we will respect it," said Pollock, who met with the media at
Villeneuve's downtown restaurant Newtown. BAR has been a financial
bonanza and a competitive disaster for Villeneuve, who was world
champion with Williams in 1997, when he survived a bump from
Schumacher in a nasty head-to-head duel in the season finale to secure
the title. The two drivers are not friends, but with Schumacher
dominating the grid and Villeneuve sputtering in an uncompetitive car,
there have been no one-on-one battles since. Despite the acquisition
of Honda engines in 1999, BAR has been unable to keep up to the top
teams, any of which Pollack would like to see Villeneuve drive for
starting in 2004 - Ferrari, Williams, McLaren or Renault. Pollock said
BAR tried to be too good, too soon. "You always have regrets, but when
we started BAR, it was a dream," he said. "We made mistakes. "Our
expectations were too high. . . If we could do it again, the first
thing would be to keep expectations down. Walk before you run. You
can't build a team like Ferrari in one year. You have to work at your
own level." Villeneuve was testing the BAR-Honda in Spain this week
but is to arrive on Saturday for his second annual ski marathon at
Mont-Tremblant, which raises funds for juvenile diabetes. Pollock and
Villeneuve have organized a similar charity event in Switzerland since
1999. Villeneuve is spending Christmas in Montreal, where he has an
apartment, with his fiancee, American ballet dancer Ellie Green, a
report said this week. |
|
12/10/02
 |
Mathews/Riley Scott go with Michelin
Riley & Scott Racing LLC and Jim Matthews Racing announced today an
agreement with Michelin North America to use Michelin Pilot racing
tires in its 2003 American Le Mans Series campaign. The RS/JMR Riley &
Scott LMP 900, powered by an Elan Power Products 6.0 L V8, will make
its debut on Michelin tires at the 51st Annual Mobil1 12 Hours of
Sebring March 12-15, 2003. Team Technical Director Bill Riley sees the
agreement as another step in the progress of the team and the car.
“Michelin’s results in sports car racing speak for themselves”, Bill
noted. “We are very pleased to have been chosen as one of their teams
for 2003. Jim Matthews deserves a great deal of credit for
establishing and maintaining a strong team worthy of this kind of
support.” Bill also thanked the team’s 2002 tire partners. “We had a
great relationship with Goodyear and Dunlop. Both are excellent
companies to work with, and I’m sure we’ll see great competition in
2003”. Team Owner Jim Matthews said, “When I started this team with
Riley & Scott in 2000, our goal was to compete to win, regardless of
the competition. I’ve tried to assemble the right elements, and
Michelin tires are certainly the best option if winning is your goal.
We’ll start testing soon and we look forward to our best year yet in
2003”. |
|
12/10/02
 |
Dale steps down from Barber Dodge
Jeremy Dale announced today that he has stepped down as Managing
Director of the Barber Dodge Pro Series after three years in the
position. Dale cited present strength and stature of the series as an
opportune time to make the move. Although Dale has been at the helm of
the Barber Dodge Pro Series for the past three years, his involvement
with the Skip Barber organization dates back to 1983 when he graduated
from a Skip Barber Three Day Racing School and began racing in the
Skip Barber Race Series. He went on to compete as a driver in the then
named Barber SAAB Pro Series before advancing on to race
professionally in sports cars garnering class wins at the 24 Hours of
Daytona among others. He returned to the Pro Series as Senior Driver
coach before being named Managing Director in December of 1999. "I
have very much enjoyed my time with Barber Dodge. I think that in
terms of credibility, visibility and quality of competition, this was
the best year yet for the series. For that I must thank all of the
individuals that work so hard to make the program a success, " said
Dale. "Collectively we have a great deal to be proud of and I know
that the series will continue to grow and prosper. Drivers like
Michael Valiante, Jon Fogarty, Ryan Hunter-Reay and A.J. Allmendinger
are proof that what we are doing is really working. With the
continuing support from CART and the commitment from the Barber Dodge
staff, the series will continue to be the best training ground for the
future stars of CART." |
|
12/10/02
 |
Cheever statement on Scheckter
lawsuit
"The contract dispute between TWR Group and Tomas Scheckter
was due to be heard in English court on Dec. 9, but because of
financial entanglements surrounding the Arrows Formula One
team, TWR principles have decided to withdraw from the
lawsuit. TWR has much larger problems to take care of with the
troubles facing their Formula One team. I respect their
decision." |
|
12/10/02
 |
Chevy testing continues
Preparations for the 2003 Indy Racing League season continued
Dec. 9 at the 1-mile Phoenix International Raceway as two-time
IRL champion Sam Hornish Jr., Jaques Lazier and Vitor Meira
tested the new Chevy Indy V8 engine. Hornish tested with
Pennzoil Panther Racing, while Lazier and Meira tested for
Team Menard. The 2003 Chevy Indy V8, which made its on-track
debut Oct. 26 at Kentucky Speedway, will compete in its first
race in less than 90 days on March 2, 2003 in the IRL’s
season-opener at Homestead-Miami Speedway. “We put some more
miles on the engine,” Hornish said. “They are trying to learn
as much as they can and change what needs to be changed.”
Hornish has won the last two IRL championships, each time with
a General Motors engine, Oldsmobile in 2001 and Chevrolet in
2002. The off-season testing with the new Chevy engine has
given him confidence he can make a run for three consecutive
championships. “We’ve run I don’t know how many miles on it
without any problems,” Hornish said. “We ran at Kentucky and
Texas and now here without any problems. We’re optimistic for
next year and for Miami.” Testing will continue Dec. 10 at
Phoenix and then move to California Speedway on Dec. 12. |
|
12/10/02
 |
Burti
tests on wet track Second day of testing this week
for Scuderia Ferrari Marlboro at the Fiorano circuit. Once
again, Luciano Burti was driving today. The Brazilian worked
on a wet weather tire program for the 2003 season. Burti
completed a total of 61 laps, all on an artificially watered
track. The best time of the day was 1’04”728. Tomorrow, the
Scuderia will be testing at two circuits: Luca Badoer will be
on track in Barcelona, while Luciano Burti continues running
at Fiorano. |
|
12/10/02
 |
Hendrick hires Vickers for
Busch
Car owner Ricky Hendrick today announced the signing of driver
Brian Vickers to pilot the No. 5 GMAC Financial Services
Chevrolet in the NASCAR Busch Series, Grand National Division
in 2003. "We're excited to have a talented young driver like
Brian," said Hendrick, who assumed the role of team owner
immediately following the 2002 season. "I've always been
impressed with his attitude, personality and ability on the
race track. "Brian has the potential to be a great race car
driver. He's bringing the kind of energy and desire it takes
to be successful in this sport and I have no doubt that he'll
be a winning addition to Hendrick Motorsports and Team GMAC."
The 19-year-old Vickers made his Busch Series debut at The
Milwaukee Mile in 2001 and ran the majority of the circuit for
BLV Motorsports the following season, starting 21 of 34
events. As a rookie in 2002, the Thomasville, N.C., native
earned one top 10 and six top-15 finishes in the No. 40 entry
while qualifying in the top 10 on three occasions, including
an outside pole position at Homestead-Miami Speedway in
November. "This is an awesome opportunity for me," Vickers
said. "I just graduated from high school in May and now I'm
continuing my education with Hendrick Motorsports -- it's
unbelievable. "This is a top-notch team with the best possible
equipment and a great sponsor in GMAC. I can't imagine a
better way to develop, both personally and professionally.
Joining Hendrick Motorsports is truly an investment in my
future." Vickers, who graduated with honors from Trinity
(N.C.) High School in May, began his racing career in 1993,
earning 83 World Karting Association victories before
competing in the Allison Legacy Race Series, NASCAR Weekly
Racing Series and USAR Hooters ProCup Series, where he
finished second in championship points in 2001 with two wins
and three pole positions. |
|
12/10/02
 |
Friday GP qualifying set to get
go-ahead In this Autosport.com
article, the proposal for a two-hour test session on
Friday mornings of grands prix looks sure to be introduced for
2003, according to Minardi boss Paul Stoddart. At least three
teams must nominate the option by December 15 for the new
cost-cutting measure to become reality. By doing so, they
would limit their testing time away from races to just 10 days
for the rest of the season. While Formula 1's top teams wish
to continue with heavy test schedules throughout the year,
leaving them just an hour's free practice before qualifying,
the option would in theory save money for smaller outfits.
They would also benefit from more track time than the
frontrunners over GP weekends. Stoddart claims that "four,
maybe even five" teams will go for the Friday testing option.
"I have a commitment from one other team, certainly, and three
others possibly, so I would say, yes, it is going to go
ahead," he said. "I think it's incredibly important for
journalists, as well, that we have more to write about on the
Thursdays and Fridays. At some of the Grands Prix not much
happens on a Friday and the press do really struggle for
things to write about." Stoddart is likely to embrace the
chance to run local test drivers in the two-hour sessions at
each race. For example, Australian James Courtney has been
suggested as a candidate for the race in Melbourne. :I have
had a phone call from James' management," said Stoddart. "I
have to be honest, we make no secret of this, we are looking
to get revenue out of Fridays. The way it's shaping up at the
moment is that we will most likely take a test and reserve
driver who will participate for some of that period at all 17
grands prix and we will take local drivers, where available
with budget, to compete in also those Friday morning
sessions." Jordan and Sauber are the other teams thought to be
in favor of the idea, while it has been said Jaguar and
Renault could sign up for it too. |
|
12/10/02
 |
Brands Hatch to become housing
estate Looks like CART won't be racing at Brands
Hatch very long. According to Pitpass.com, Octagon the
company that lost roughly £38m in the first nine month of this
year - after being in profit the previous year - is looking to
tighten its belt, and the sale of Brands Hatch to property
developers seems like a good way of reducing the deficit.
Octagon, a subsidiary of Interpublic one of the biggest
advertising companies in the world, bought Brands Hatch in
1999 from Nicola Foulston for £120m. The deal included several
other British race tracks including Snetterton and Oulton
Park. At the time Foulston had been 'given' the rights to the
British Grand Prix by Bernie Ecclestone, but as part of the
sale of Brands Hatch Leisure these were passed on to Octagon.
It's not just F1 that is going through as bit of a crisis at
present, most branches of motorsport are suffering, as Octagon
will readily tell you. The news that Octagon is in trouble
isn't merely bad news for British race fans in respect of the
British GP, the company's financial crisis, and the fact that
it owns a large number of British tracks, will have an adverse
effect on British motorsport in general. When Octagon bought
Brands Hatch, together with the British GP rights, it was
hoped that the British round of the F1 World Championship
would return to the Kent venue. To meet current F1 standards
however a major upgrade was needed, an upgrade that was
eventually blocked by environmentalists and local planners.
The planners objected to major work being carried out on a
circuit that is built on the so-called 'green belt' that
surrounds London, while environmentalists were unhappy that a
vast area of ancient woodland would need to be destroyed.
There was also an issue with rare frogs. Octagon has revealed
that it has already had offers for Snetterton and Oulton Park,
and it's believed that both circuits could be sold off at a
loss. Property developers that wish to purchase Brands Hatch
will of course face the same problems - planners and
environmentalists - that the circuit faced a couple of years
ago. However with the current housing shortage in the region,
politicians could well give the go-ahead.
More.... |
|
12/10/02
 |
Latest F1 Hot News
Allan's Plans Unveiled Soon
Jacques: Schu Isn't A Nice
Guy
Walker Dismayed At Arrows
Demise
Paragon Welcomes New
Partner
BAR Boss: Button The Next
Champion
Snow And Strikes At
Maranello
GPWC Threatens Motorsport:
Mosley
Early Victory For EM.TV
McNish Defends Rookie
Efforts
Villeneuve Promises BAR
Race Wins
Murray Mourns Loss Of Spa |
|
12/10/02
 |
NASCAR shortchanging drivers
According to this Newsday
article, NASCAR drivers aren't collecting nearly as much of
their sport's revenues as athletes in other sports. The story by Ken
Berger says drivers received about 18% of the $1.869 billion generated
this year in NASCAR's top three series [Winston Cup, Busch and Truck],
while the NFL, NHL, NBA and MLB pay athletes at least 50% of revenue
in salaries governed by collective bargaining agreements. The story
says that most of the 27 drivers who started all 36 Winston Cup races
are believed to have collected $4 million to $5 million. It estimated
that the average for Busch Series drivers was $250,000, while
Craftsman Truck Series drivers were estimated to average about
$100,000. The paper says Tony Stewart was the highest paid driver this
year, collecting a $3 million base salary and $4.23 million for his
share of the team's winnings [50%]. It estimated the average salary
for drivers in all three divisions was $1.17 million. NASCAR Vice
President for Corporate Communications Jim Hunter told the paper that
comparisons can't be made with other sports: "Our drivers shouldn't
compare themselves, because you're comparing apples and oranges.
Everybody in our sport is an independent contractor and can go out and
cut the best deal that he can." But there is so much money being
generated, and so many companies willing to pony up sponsorship
dollars, that hardly anyone is making waves. Drivers complain, but
they haven't tried to organize against NASCAR over labor issues in
more than 40 years. "The drivers have no horsepower," said three-time
Winston Cup champion Darrell Waltrip, now an analyst on Fox's NASCAR
telecasts. "If a driver says, 'We're not going to race,' they say,
'Good, we'll get somebody else.'" In a business model unlike any other
in sports, one family - the family of NASCAR founder William H.G.
France - controls NASCAR's TV contracts, races and most of the
racetracks. It makes all the rules and divides the money. It's
as if one family owned the entire NFL and more than half the
stadiums. Nobody outside the France family's inner circle has
any idea what NASCAR makes. As a privately owned business,
NASCAR is not required to open its financial books. But NASCAR
chairman William C. France, son of the founder, and his
brother and board member Jim France, are listed among the 400
richest Americans by Forbes magazine. Each has a net worth of
$1 billion. "There's not a business in the world that's run
with as stiff a fist as theirs," said Junior Johnson. |
|
12/10/02
 |
Bernie and Max cut legs out from under
manufacturers UPDATE
Did you know that Ecclestone and the bankers handling the affairs of
Kirch share 53% of all commercial revenues from the grand prix
business. The teams share 47% and get nothing from circuit advertising
or ticket sales. Max Mosley, the FIA president, has written to all
formula one team principals warning of the problems a breakaway world
championship could impose, namely uncertainty with sponsors and an
absence of an administrative body. In a leaked memo Mosley warned: "In
the unlikely circumstances that GPWC succeeded in this unilateral
approach it would inflict serious damage to the sport as a whole. It
would undermine motor sport safety by creating a precedent for a
proliferation of other series running at less than internationally
agreed standards. Governments could legitimately claim that the sport
was irresponsible and insufficiently regulated."
12/7/02 - So the F1 manufacturers think they want to start
a breakaway series do they? It was revealed on Friday that
the FIA would veto the establishment of an “alternative World
Championship”. President Max Mosley said the Governing Body would
agree to back a racing series set-up by the manufacturers by acting as
the sporting overseer, which would include writing rulebooks and scrutineering cars, but would not endorse the series as an
official World Championship. Bernie has also taken the gloves off.
Bernie called off an important upcoming meeting with the firms in
Germany. Ecclestone circulated a memo announcing that the meeting had
been cancelled because the carmakers had not responded to proposals
put to them earlier this year with detailed ways of giving them
greater control of F1, a traditional bone of contention for the auto
consortium. By failing to respond to proposals put to them earlier
this year, the carmakers have missed the opportunity to discuss a new
financial structure for F1 that was to integrally involve them. A
meeting at the headquarters of DaimlerChrysler in Stuttgart was to be
attended by Ecclestone, who owns a 25% stake in commercial trust SLEC,
the carmakers including DaimlerChrysler, Ford, Renault, and FIAT, and
German banks that own the remaining shares in SLEC having taken them
over from collapsed media company Kirch Group. The idea was to make
some progress in the negotiations to achieve stability for Formula One
by offering the carmakers the chance to acquire a major part of SLEC
and become integrally involved in the running of the sport,
particularly in areas such as income distribution. It is believed that
Bernie will declare CART the new FIA F1 World Championship if the
manufacturers decide to start their own series. CART (the new F1)
would be THE FIA sanctioned World Championship and the manufacturers
will be left 1) without Bernie 2) a series that has no world
championship status, 3) a series that will fail in several years from
all the in-fighting among the manufacturers, each trying to maneuver
for an advantage. It's going to get ugly, but in the end, Bernie will
prevail......he always does. |
|
12/10/02
 |
Irvine may drive for Bentley, but wants
F1 ride
The Bentley sports car team have offered Eddie Irvine a drive in next
year's Le Mans 24-hour race. The Ulsterman is still waiting to see if
there is a chance of securing the remaining Jordan-Ford formula one
drive alongside Giancarlo Fisichella. |
|
12/10/02
Industry News |
BMW sales up
BMW had a sales increase of 17% this year, the delivery of 905,700
cars by the end of November which is more than all the cars sold in
2001. In November alone, BMW saw sales increase by 4%, delivering
85,100 cars compared to 81,600 a year ago. |
|
12/9/02
 |
Ferrari
testing hit by snow
Today was the first day of testing this week for Scuderia Ferrari
Marlboro at the Fiorano circuit. On a day affected by a morning
snowfall, Luciano Burti began a program of electronics development.
Burti completed a total of 15 laps, the quickest in 1’05”692. The
Brazilian driver continues testing there tomorrow. |
|
12/9/02
 |
RCR orders drivers to the doctor
According to this Sporting News
article, Richard Childress is requiring his drivers to undergo
medical examinations before the start of the season to establish a
baseline for their health. "We want to make sure that if they get
hurt, we can compare 'A' to 'B,'" he says. Childress didn't find out
until after the season that Johnny Sauter, his Busch Series driver,
raced hurt for part of 2002. |
|
12/9/02
 |
Ralf could lose license
German Formula One driver Ralf Schumacher was caught speeding by
Austrian police and could lose his driver's license, the Bile am
Sonntag newspaper and Austrian radio reported. Schumacher was on the
way to a party given by his BMW-Williams team when he was stopped. He
was going 30 m.p.h. over the 50 m.p.h. speed limit, according to
reports. The Austria resident already lost his license for two weeks
after getting caught for speeding in April 2001. |
|
12/9/02
 |
Siemens joins Evernham as sponsor
Staying ahead of the pack means presenting yourself as a leader and
innovator. Siemens realizes this and Ray Evernham has proven himself
in this role as a premier NASCAR Winston Cup Team Owner. Today,
announcing their Associate Sponsorship and Technology Partnership with
Evernham Motorsports, Siemens combines their innovative technologies
with a proven leader. “Evernham Motorsports and DaimlerChrysler are a
force in racing and bring Siemens the exposure and platform for
further development of technologies within NASCAR”, said John
Dimmerling, director of Corporate Marketing Communications for
Alpharetta, GA-based Siemens Energy & Automation, Inc. “Racing
sponsorship provides a unique opportunity for a company as diverse as
Siemens. In addition to brand exposure, NASCAR has been a great place
for us to showcase our broad range of products and services, build
relations with our customers and discover new business. We are excited
about the opportunity to continue this relationship with NASCAR
through Ray and his team.” “At Evernham Motorsports, we are committed
to being technological innovators in the sport,” said Ray Evernham,
President and CEO of Evernham Motorsports. “That’s why our new
partnership with Siemens is such a perfect match. Their resources will
prove invaluable as we continue our pursuit of remaining on the
cutting edge of technology. We are pleased to have them as a valued
partner and are looking forward to working with their more than 3,000
distributors nationwide. |
|
12/9/02
 |
CART stock watch
MPH closed at $3.71 Down $0.12 on Volume of 10,000 shares.
$3.08 Bid - $4.11 Ask on close.
Session Low/High $3.68 / $3.82
MPH Value Change Down 3.13%
DOW Jones Down 172.36 or 1.99% on Volume of 1.6 billion
shares.
NASDAQ Down 55.35 or 3.89%
S&P 500 Down 20.23 or 2.22%
Courtesy of C3I.AndersonGroupe - Chicago
www.andersongroupe.com |
|
12/9/02
 |
2002 Toyota Atlantic schedule
The 2003 edition of the CART Toyota Atlantic Championship, the
30th year in the prestigious open-wheeled development series,
will once again open its season in Monterrey, Mexico on March
23rd. Jon Fogarty kicked off his 2002 Championship run last
year with a victory at the 2.1-mile permanent road course at
Fundidora Park. Along with the long time traditional featured
stops such as the Toyota Grand Prix of Long Beach and the
Grand Prix of Trois-Rivieres, the series will return to the
famous 2.258-mile permanent road course at the Mid-Ohio Sports
Car Course in Lexington, Ohio. The Atlantic Championship last
competed on the circuit in 1999 where Kenny Wilden won from
the pole. In addition, the Championship will conclude the 2003
season with a return to the streets of Miami for the first
time since 1995 where current Champ Car World Series star,
Patrick Carpentier, captured the win from the pole. “The 2003
schedule is an excellent mix of road, street, and oval courses
- all of which are necessary ingredients for a driver and team
to develop in a series such as the CART Toyota Atlantic
Championship which holds the role as the top rung on the CART
Ladder System,” said CART Toyota Atlantic Championship
President, Vicki O’Connor. “The series will be celebrating its
30th Anniversary this upcoming season which is a great
testament to the Atlantic series and to the many drivers it
has graduated over the past 29 years.” The 12-race schedule
features events at a variety of venues, including permanent
road courses along with tight temporary street circuits. The
schedule will also feature one oval event when the series
makes its eleventh stop at the famous Milwaukee Mile in West
Allis, Wisconsin.
2003 SCHEDULE (races added to our
2003 CART Schedule)
March 23 Fundidora Park Champ Car World Series Monterrey,
Mexico
April 13 Toyota Grand Prix of Long Beach Champ Car World
Series Long Beach, California
June 1 The Milwaukee Mile Champ Car World Series Milwaukee,
Wisconsin
June 15 Mazda Raceway at Laguna Seca Champ Car World Series
Monterey, California
June 22 Portland International Raceway Champ Car World Series
Portland, Oregon
July 6 Burke Lakefront Airport Champ Car World Series
Cleveland, Ohio
July 13 Molson Indy Toronto Champ Car World Series Toronto,
Ontario, Canada
August 3 Grand Prix de Trois-Rivieres American Le Mans Series
Trois-Rivieres, Quebec
August 17 Mid-Ohio Race Course Champ Car World Series
Lexington, Ohio
August 31 Grand Prix of Denver Champ Car World Series Denver,
Colorado
September 7 Molson Indy Montreal Champ Car World Series
Montreal, Quebec, Canada
September 28 Grand Prix Americas Champ Car World Series Miami,
Florida
*Actual race dates – i.e. Saturday or Sunday – to be
confirmed. |
|
12/9/02
 |
Rahal lands new sponsor -
Argent to sponsor Patrick in Atlantics
UPDATE We have added a
photo of Danica in her new Argent uniform.
12/7/02 - Team Rahal, a franchise member of Championship Auto Racing
Teams ("CART"), and Argent Mortgage Company LLC, announced
today a partnership for Argent Mortgage
Company LLC to be the primary sponsor for the Team Rahal
Toyota Atlantic program. The cornerstone of the partnership
will see the logo of Argent placed on the car of Team Rahal's
newest driver, Danica Patrick. Patrick, the 20-year-old native
of Roscoe, Illinois, ran five Barber Dodge Pro Series events
in 2002. She is slated to run Team Rahal's inaugural entry in
the Toyota Atlantic Series in 2003. "The opportunity to
partner with a world-class racing team, like Team Rahal, and a
talented young driver like Danica is a one of a kind
opportunity for Argent Mortgage Company," said Wayne Lee,
President of Argent. "Danica certainly is a unique individual
in the world of motorsports and we are looking forward to
having her represent Argent both on and off the track." "We
are pleased to join in this partnership with Argent for the
upcoming season," said three-time CART champion and Team
Rahal
co-owner Bobby Rahal. "In my conversations with Wayne Lee
(President of Argent) and his people, I have found them to be
a dedicated and driven group of individuals that have
formulated aggressive plans for the continued growth of their
company. These are the kind of like-minded partners that we
seek here at Team Rahal." "The chance to drive for Team Rahal
has allowed me to advance my career as a driver," said
Patrick. "Certainly being able to work with a great champion
like Bobby and to be part of a championship caliber team is a
dream come true for me. Now I have a chance to work with
another world-class organization in Argent Mortgage Company.
Being able to represent both Team Rahal and Argent on track
and as a corporate spokesman is a wonderful opportunity for me
both professionally and personally." Argent Mortgage Company
provides the most competitive non-conforming mortgage loans
nationwide. |
|
12/9/02
 |
Patrick Racing to run Lola's, Challis
joins team UPDATE
Here is the official press release from the team -
Visteon/Patrick Racing confirmed today that Steve Challis will
assume the responsibilities of Chief Engineer and that the
team will campaign Lola cars in the 2003 Bridgestone Presents
the Champ Car World Series Powered by Ford. “Steve Challis is
someone who has a lot of experience in the CART Series,”
Visteon/Patrick Racing General Manger Jim McGee said. “He has
a tremendous background and a lot of experience with the Lolas,
which is a big plus for our team. Steve is a very practical
engineer and someone, we feel, can put a competitive racecar
on the track,” McGee noted. Challis began his career as the
owner/operator of an automotive shop specializing in racing
and high-performance vehicle modification in Vancouver,
Canada. He was an automotive consultant to the Player’s
Challenge Series, IMSA GTO and Trans-AM from 1987-1991. In
1991, Challis also became the Race Engineer for Greg Moore
Racing in Formula Ford. He moved with Moore to the USA F-2000
West Series in 1992 and continued to be the Race Engineer for
Greg Moore Racing in Indy Lights during the 1993 and 1994
seasons. In 1995, Challis, as Chief Race Engineer, and Moore
joined the Player’s/Forsythe Racing Indy Lights program.
Challis remained in the same position when both he and Moore
stepped up to Champ Cars for the 1996 through 1999 seasons.
Challis moved to Team Kool Green and was the Chief Race
engineer for Dario Franchitti in 2000 and Paul Tracy in 2001
and 2002. “I am very happy to be joining the Visteon/Patrick
Racing Team,” Challis said. “Mr. Patrick has a long and
successful history competing in this series and I am looking
forward to working with Jim McGee, Oriol Servia and the entire
Visteon/Patrick Racing organization.” Regarding the switch
from the Reynard chassis that Visteon/Patrick Racing has run
for several years to the Lola, McGee said, “One of the main
reasons for the switch to the Lola is that we weren’t sure
there would be any development with the Reynard, or that parts
would be available. We would have changed to the Lola during
the 2002 season, but we hung in there with the Reynards hoping
that someone would come along, take over the reins and do more
development or at least make more parts available. When that
didn’t happen we made the decision that we would switch to the
Lola for this year.” 12/7/02 - Patrick Racing has ordered four new Lola's
indicating they will be a 2-car team in 2003. In addition,
former Chief Race Engineer for Paul Tracy, Steve Challis has quit
Andretti-Green Racing and moved to Patrick Racing along with several
other crew members. We also heard rumors of Tony Cottman trying
to quit and start his own CART team. Few Andretti Green crew
members want to go work in the IRL we are told, preferring the venues
CART races at, as well as the challenge of the variety of circuits.
It gets boring watching cars going around in circles every week, and
when they hit those hard concrete walls, the crew members have to work
long hours with no extra pay to fix the mess. CART may be 100%
Lola/Ford in 2003 and 2004. However, 2005 is a totally different
story |
|
12/9/02
 |
Sun Trust renews with Richmond
SunTrust Bank will return as the title sponsor of the Indy
Racing League event in 2003 at Richmond International Raceway,
as the company has sponsored the race for each of its three
years. The third annual SunTrust Indy Challenge is scheduled
for Saturday evening, June 28, 2003. “Having continuity with
our race sponsors and other marketing partners is very
important to us,” said Doug Fritz, Richmond International
Raceway president. “The name ‘SunTrust’ has quickly become
synonymous with our IRL race, just as Chevrolet, Pontiac and
Hardee’s come to mind when thinking of some of our NASCAR
events.” Said Michael Newbrand, director of marketing for
SunTrust Mid-Atlantic: “SunTrust is pleased to extend our
sponsorship of the Indy Racing League event at Richmond
International Raceway for the third consecutive year. The
SunTrust Indy Challenge gives people in the Mid-Atlantic
region and beyond the opportunity to see the stars and cars of
the Indy 500 in their own backyard. The race provides a major
economic boost to the greater Richmond area, the headquarters
city of SunTrust Bank Mid-Atlantic.” The SunTrust Indy
Challenge is scheduled for a 7:30 p.m. (EDT) start under the
lights on the exciting, ¾-mile oval at RIR. The race also will
be broadcast live on ESPN. It’s the only IRL race to take
place on an oval shorter than 1 mile. |
|
12/9/02
 |
Stiffer penalties in store fro
NASCAR NASCAR President Mike Helton says the
sanctioning body may increase the penalties handed out to
those found guilty of cheating, the Newport News (Va.) Daily
Press reports. Reporter Al Pearce says Helton "raised some
eyebrows when he suggested that if fines and point penalties
don't impress cheaters, maybe losing finish positions will."
After his annual state-of-the-sport speech in New York
yesterday, Helton said it's possible that a driver might lose
a victory if it's determined he and his team blatantly and
willfully broke the rules to their benefit. "If it's something
way out of character, we might start with more than 25
points," Helton told the paper. "If it's premeditated and
intentional, we might take more points. If necessary, we'll
even consider taking away a victory. We want our events to be
over when they're over, so intent would have to be a major
factor. We'll start with taking away finish positions (by
imposing a post-race lap penalty) and see what that does." |
|
12/9/02
Industry News |
Study - Race Car drivers
comparable to other athletes Professional
racecar drivers demonstrate physiological responses during
competition similar to those reported by elite athletes
participating in traditional team sports, according to
research published in the December issue of Medicine &
Science in Sports & Exercise, the official journal of the
American College of Sports Medicine. Data from the study,
performed by researchers at the University of Miami, indicates
drivers qualify as elite athletes, possessing great physical
and mental stamina, similar to energy requirements in sports
including football, baseball and basketball.
More...... |
|
12/9/02
 |
TV
Guide produces 2002 NASCAR collector editions 2002
Winners Tony Stewart (Winston Cup), Ryan Newman (Winston Cup
Rookie of the Year), Greg Biffle (Busch Series) and Mike Bliss
(Craftsman Truck) Each Featured On Separate Cover In its
December 14 issue (on newsstands Monday, December 9), TV
Guide® magazine honors four 2002 NASCAR title holders with
four collector's covers available on newsstands in selected
markets and available nationally online and by phone at the
TV
Guide Store (See below). Tony Stewart (Winston Cup), Ryan
Newman (Winston Cup Rookie of the Year), Greg Biffle (Busch
Series) and Mike Bliss (Craftsman Truck Series) each adorn a
cover in the special series. In a feature story on the four
drivers that runs nationally, NASCAR bad boy Tony Stewart
reflects on his passion for racing. "It amazes me how people
want to make more out of it than what it is," he says. "It's a
fascinating sport, and it always boils down to one thing:
trying to be faster. To me, that's enough." As for Newman, Fox
Sports analyst (and three-time Winston Cup champ) Darrell
Waltrip says that after a tight win over Jimmie Johnson for
rookie honors, all eyes will be on him next season. "Repeating
is the most difficult thing," says Waltrip. "Just look at
[2000 Rookie of the Year] Matt Kenseth. His second year, he
was dog meat. But younger guys can carry that intensity of
wanting to get started again into next year. All they live
for
is to race." Biffle, who will break into the Winston Cup
freshman ranks next season, had to overcome a 262-point
deficit early in the year, and says his 2002 tribulations made
him physically ill at times. "Any time you wreck, it hurts you
so bad in the points - I go to the next race with cramps in my
stomach," he says. "You're thinking, 'Gosh, if that happens
again, I'm doomed.'" Bliss, who steps up to the Busch series
next year, enjoyed a dream 2002 after hooking up with old
rival Steve Coulter's no-frills Xpress Motorsports team. "I
never ran this good with anybody else," Bliss says. "It's all
about having the right people in the right places and a driver
that really wants to win." |
|
12/9/02
 |
At least 2 teams without
sponsorship
Both the Andy Petree and Haas-Carter Winston Cup teams are
without a sponsor heading into the Christmas break.
Times are tough for sponsorship right now, and when it hits
NASCAR you really know it must be bad. |
|
12/9/02
 |
What is really happening with
the GPWC, FOM and the FIA This Grandprix.com
article
says - The last few days have seen a variety of stories about
the problems that exist between Formula One Management, the
FIA and the Grand Prix World Championship (GPWC) organization.
The news was triggered when FOM boss Bernie Ecclestone called
off a meeting with the GPWC's Jurgen Hubbert, which had been
scheduled to take place in Stuttgart this week. The intention
had been to try to negotiate a settlement between the two
parties. What has emerged since is that Ecclestone is the GPWC
has not only upset Ecclestone but has also upset the FIA. The
result of this is that the GPWC has in effect pushed the FIA
and FOM together in opposition to the new series, which
creates a very powerful enemy, even for the automobile
manufacturers, which are behind the GPWC. As you read
the
entire article, keep in mind that 1) Bernie and Max
have already moved to cut the legs out from under the
breakaway series by declaring it will not be recognized by the
FIA as the "World Driving Championship" which has 52 years of
tradition behind, and 2) you can bet that the FIA is prepared
to declare the CART series the new FIA sanctioned World
Driving Championship should the manufacturers decide to go
forward with their plan. A manufacturer run series has
never succeeded, and, in the long run, never will. Where
will Bernie get engines from if this were to happen?
John Judd, Cosworth, or even a manufacturer waiting in the
wings to come into F1......someone will always supply
engines......and in the end, Bernie will ALWAYS win. |
|
12/9/02
 |
Yoong to star in China The
Minardi F1 team have postponed their historic Thunder in China event,
sponsored by BSA International. Instead the track at Beijing's
Goldenport Motor Park will host the F1 machines on Sunday, December
15, one week later than planned. The team has also confirmed that Alex
Yoong and Christijan Albers will handle the driving duties at Thunder
in China. It should be noted that Yoong is of Chinese descent and has
a number of relatives who live in China. “Thunder in China is both a
very important, and a very special event for all of us at KL Minardi,”
says Team Principal, Paul Stoddart, “as it will mark the first time a
Formula One car has been fired up in mainland China and driven on a
Chinese race circuit. It's certain that the sight and sound of a pair
of two-seater Formula One cars in action will make a lasting
impression on the fans present at the Goldenport Circuit, as well as
on the consciousness of all those watching the live television
coverage of the event.” “Just as we have done in Malaysia while
cultivating commercial partnerships that are of mutual benefit to the
team and to the companies concerned, we are going to assist China and
the Chinese people to fire up their interest in Formula One. We would
particularly like to thank Dato' Dr Cam Soh, the Executive Chairman of
BSA. His company is a valued commercial partner of Minardi and he is
one of the main instigators and backers of Thunder in China. It is
also highly significant that BSA is now moving aggressively into the
dynamic Chinese market, a strategy that will allow BSA not only to
increase worldwide market share for its high-quality products, but
also to increase the foreign exchange and export earnings of this
highly successful Malaysian company.” “Thanks are also due to the
staff at the Goldenport Circuit and the Federation of Automobile Sport
of China. Without their invaluable support, Thunder in China would not
have been possible,” concluded Stoddart. “Everyone at Minardi is very
proud to be involved in this important event.” F1 will
race in China in 2004 at a new circuit being built near Shanghai, and
CART is rumored to be eyeing a race in 2005 in Beijing. |
|
12/9/02
 |
Latest F1 Hot News
Michael A 'Schu-In' For 2003
Albers Favorite For
Minardi Seat
Villeneuve Slates Jag
Pilots
Panis Steers Toyota
Development
Breakaway Dispute Grinds
On
Frentzen Down To Work For
Sauber
The Pilots Queue At
Jordan's Door
Renault's Fresh Approach
For '03
Webber: 2005 World
Champion?
Minardi Delay Thunder In
China
Dennis Lauds Formula One
Reform
Speedy Ralf Caught Out
Again
Jordan Admits To Thoughts
Of Quitting
F1 News In Brief |
|
12/8/02
 |
Advice for CART
A reader writes, Dear AutoRacing1.com, I am impressed with the
F3000 Racing Engineering Team and drivers Justin Wilson and Frank
Montagny. I am also rather impressed with Indian driver Narain
Karthikeyan, as well as Ricardo Zonta. CART would be well served
getting any or all of them into the series next year. It will be
great to be able to see how well Europe's best does against the 4 or 5
young American drivers in CART next year, all driving identical Ford
powered Lola's. Some of the Europeans mentioned are F1 material,
so if the Americans show well, it will increase their chances of
someday landing a F1 ride. Dave Culver, Miami, Florida
Dear Dave, I agree with everything you say, with all the new young
blood in CART next year, it is shaping up to be one of the most
exciting years in a decade. It would be interesting to get
Karthikeyan in the series. It's about time a driver from India
gets a shot at the big time. The way to F1 in the future, won't
be through the Red Bull program, it will be through the CART series
where the cars are as big as F1 machinery and almost as powerful.
Mark C. |
|
12/8/02
F3000 |
Wilson wins race 2 in Brazil
Justin Wilson won the final race of the inaugural Telefonica World
Series at Interlagos. The 2001 International F3000 champion took the
checkered flag over 20 seconds clear of nearest challenger Antonio
Garcia, with Racing Engineering teammate Franck Montagny sealing
second in the championship with third place. "After qualifying I was
hoping for rain because we are strong in the wet," said Wilson. "And
when it started during the warm-up we were very pleased." Indian
Narain Karthikeyan finally converted his practice pace into a good
result with fourth place, ahead of Zonta, who was also hit with a
stop/go penalty and Frenchman Jean-Chrsitophe Ravier.
Race 2 Results
1 Justin Wilson (Racing Engineering)
2 Antonio Garcia (Campos Motorsport)
3 Franck Montagny (Racing Engineering)
4 Narain Karthikeyan (RC Motorsport)
5 Ricardo Zonta (Gabord Competition)
6 Jean-Christophe Ravier (Epsilon by Graff)
7 Ander Vilarino (Epsilon by Graff)
8 Paul Edwards (KTR)
9 Rodrgio Sperafico (Repsol Meycom)
10 Tuka Rocha (Gabord Competition) |
|
12/8/02
F3000 |
Montagny wins race 1 in Brazil
Racing Engineering (the team rumored headed to CART in 2003) teammates
finished 1-2 in today's Formula Nissan/F3000 race at Interlagos,
Brazil. Franck Montagny took the initiative in his battle for the
championship runner-up spot with Bas Leinders with victory at
Interlagos. A massive downpour before the start of the race left the
circuit almost undriveable, and even as the field cruised around
behind the safety car several drivers spun. Pole man Ricardo Zonta
took the lead at the start proper after several laps under the safety
car. However, he fell foul of the river of mud which covered the
circuit at the exit of Turn 1 and crashed, handing the lead to Belgian
Bas Leinders. The Racing Engineering pairing cruised away from the
field with ease and Wilson kept up the pressure on his team-mate,
never dropping more than one second behind.
Race 1 Results
1 Franck Montagny (Racing Engineering)
2 Justin Wilson (Racing Engineering)
3 Polo Vilaamil (Campos Motorsport)
4 Bas Leinders (KTR), 1m25.781s
5 Jaime Melo (Zele Motorsport)
6 Antonio Garcia (Campos Motorsport)
7 Narain Karthikeyan (RC Motorsport)
8 Tuka Rocha (Gabord Competition)
9 Wagner Ebrahim (GD Racing)
10 Andre Couto (Vergani Racing) |
|
12/8/02
 |
Schumacher will cruise to 6th world
title Michael Schumacher
will cruise to a sixth world title - and his fourth in a row - next
year, Jaguar driver Mark Webber told the BBC. The Australian, who says
he hopes to be in a position to win the title with Jaguar by 2005,
predicts none of Ferrari's competitors will catch them by next year.
Another win for Schumacher would make him the first man in history to
win both six career world titles and four in a row. The German shares
the current records of five in total and three in a row with Argentine
Juan Manuel Fangio. Webber said: "Michael is far and away the number
one driver. He's so dominant, he's F1's Tiger Woods. "He's pretty
awesome and a worthy world champion - I can't see anyone else but him
winning the championship again next year. "But he's earned it by sheer
hard work. Remember when he first joined Ferrari it didn't all happen
for him overnight, it took time before he started winning races, and
then world titles." Webber hopes to follow the same route to
success as the German, putting in the hard work before achieving world
championship success. "That's how I see things at Jaguar," said
Webber. "It's tough times there, we've had a few changes since I
joined last month, and some tough decisions have been taken recently."
"There's still more decisions to be made, and no-one involved with the
team doubts there's lots of work to be done to make the team go
forward," said Webber. "But I hope all the decisions taken will be the
right ones, and that everything that happens now will be done in the
long-term interests of Jaguar. "What I can tell you is that there's a
great team spirit, we're all hungry and fresh, and hopefully the
future for Jaguar will be a successful one. "But it won't happen
overnight, first of all you have to work very hard, then you have to
start getting podium finishes, then win races - and only then can you
start thinking about winning championships. "Obviously I have my own
ambitions to win the world title, and realistically I've set myself
the target of achieving that in 2005 or maybe the following year. "But
I've only completed one full season, and I've still got a lot of
stripes to put on my sleeve in terms of reputation." |
|
12/8/02
Industry News |
Zanardi shows well in two kart races
Alex Zanardi, appearing on the opening day at the big auto show this
weekend in Bologna, Italy, has revealed that he has not lost the will
to race. Using a go-kart equipped with hand controls, the former
CART and F1 driver finished 4th and 6th in two recent go-kart races.
Also on-hand was Luciano Burti doing demo runs in the Ferrari F2002,
as well as the Minardi two-seater doing laps for special quests. |
|
12/8/02
F3000 |
Karthikeyan surprises at Interlagos,
but Zonta takes pole
Narain Karthikeyan set an impressive pace to emerge at the top of the
timesheets at the end of the three free practice sessions at the
Interlagos circuit in Brazil where the final round of the Telefónica
World Series by Nissan is taking place this weekend. Polesitter for
both races, Ricardo Zonta, finished in second, a mere 0.023 behind the
Indian driver while Antonio García put in a valiant effort to finish
the day third, .63 behind Karthikeyan. Teams are working hard to find
the perfect car set-up, just five days after the demanding Curitiba
round and it is posing problems, not only for technical reasons, but
also due to the heat and changing weather, common for this time of
year. Air temperature has been 35ºC and almost reaching 50ºC on the
circuit. Soon to be Champ Car driver Roberto González was
a disappointing 17th out of 19th, but his teammate at GD Racing was
just one notch higher indicating the team is not the best. Below
are practice times followed by the grid for both races
Free Practice
1.Narain Karthikeyan (IND) Tata RC Motorsport 1:26.748
2.Ricardo Zonta (BRA) Gabord Competición 1:26.771 / 0.023
3.Antonio García (SPA) Adrián Campos Motors. 1:26.881 / 0.063
4.Justin Wilson (GBR) Racing Engineering 1:26.836 / 0.088
5.Polo Villaamil (SPA) Adrián Campos Motors. 1:26.905 / 0.157
6.Jaime Melo (BRA) Zele Motorsport 1:26.910 / 0.162
7.Ricardo Sperafico (BRA) Repsol Meycom 1:27.095 / 0.347
8.Ander Vilariño (SPA) Epsilon by Graff 1:27.096 / 0.348
9.Tuka Rocha (BRA) Gabord Competición 1:27.097 / 0.349
10.Bas Leinders (BEL) KTR 1:27.138 / 0.390
11.Jean C. Ravier (FRA) Epsilon by Graff 1:27.190 / 0.442
12.Franck Montagny (FRA) Racing Engineering 1:27.302 / 0.554
13.Rodrigo Sperafico (BRA) Repsol Meycom 1:27.601 / 0.853
14.Peter Sundberg (SWE) Tata RC Motorsport 1:27.797 / 1.049
15.Andre Couto (MAC) Vergani Racing 1:28.147 / 1.399
16.Wagner Ibrahim (BRA) GD Racing 1:28.411 / 1.663
17.Roberto González (MEX) GD Racing 1:28.504 / 1.756
18.Paul Edwards (USA) KTR 1:28.580 / 1.832
19.Milka Duno (VEN) Vergani Racing 1:31.747 / 4.999
Grid for race 1
1.Ricardo Zonta (BRA) Gabord Competición 1:25.823
2.Jean C. Ravier (FRA) Epsilon by Graff 1:26.139 / 0.316
3.Bas Leinders (BEL) KTR 1:26.162 / 0.339
4.Jaime Melo (BRA) Zele Motorsport 1:26.186 / 0.363
5.Franck Montagny (FRA) Racing Engineering 1:26.262 / 0.439
6.Antonio García (SPA) Adrián Campos Motors. 1:26.281 / 0.458
7.Narain Karthikeyan (IND) Tata RC Motorsport 1:26.332 / 0.509
8.Tuka Rocha (BRA) Gabord Competición 1:26.447 / 0.624
9.Polo Villaamil (SPA) Adrián Campos Motors. 1:26.477 / 0.654
10.Ander Vilariño (SPA) Epsilon by Graff 1:26.596 / 0.773
Grid for race 2
1.Ricardo Zonta (BRA) Gabord Competición 1:25.479
2.Justin Wilson (GBR) Racing Engineering 1:25.625 / 0.146
3.Bas Leinders (BEL) KTR 1:25.781 / 0.302
4.Ricardo Sperafico (BRA) Repsol Meycom 1:25.786 / 0.307
5.Narain Karthikeyan (IND) Tata RC Motorsport 1:25.863 / 0.384
6.Jaime Melo (BRA) Zele Motorsport 1:25.880 / 0.401
7.Jean C. Ravier (FRA) Epsilon by Graff 1:25.993 / 0.485
8.Franck Montagny (FRA) Racing Engineering 1:26.040 / 0.514
9.Polo Villaamil (SPA) Adrián Campos Motors. 1:26.112 / 0.561
10.Tuka Rocha (BRA) Gabord Competición 1:26.122 / 0.633 |
|
12/7/02
 |
Beer could flow again at MIS
Beer could again flow from the taps at Michigan International Speedway
next racing season, after the state Legislature this week gave its
approval to the idea. House legislators Thursday voted 101-3 to
support a bill from Sen. Philip E. Hoffman that would let the
racetrack sell beer, ending a one-year break in the practice. The
speedway stopped selling beer this year after state officials began
enforcing a law that bars alcohol sales at venues where customers also
can bring in alcoholic beverages. The Michigan Liquor Control
Commission ruled last year that the rule had to be enforced, so the
speedway opted to let fans continue bringing in their own beer. "It
was a big gap for a long time, and this makes it right now," Hoffman,
R-Horton, said Friday. Speedway officials referred questions Friday to
President Brett Shelton, who was in New York and couldn't be reached
for comment. Hoffman's bill, which passed the state Senate in
September, still needs the signature of Gov. John Engler. The bill is
drawn narrowly enough that it applies only to MIS, allowing such beer
sales only at a "motorsports entertainment complex" with at least
70,000 seats. MIS, which has 136,373 fixed seats, is the only venue in
the state that meets the description. |
|
12/7/02
 |
Fox to hit '03 Speed Week hard
Fox will carry virtually all of next year's Speed Week '03 activities
from Daytona International Speedway. All told, Fox, FX, Fox Sports Net
or Speed Channel will broadcast 75 hours of practice, qualifying and
racing, more than 50 of it on-track and 25 more from studios. Among
the events scheduled: the Bud Shootout, the ARCA, Busch, Craftsman and
Goody's Dash races, the twin-125s, Busch and Daytona 500 qualifying,
the final pre-Daytona 500 practice session, and the Daytona 500
itself. |
|
12/7/02
 |
Danica Patrick - the real deal
Danica Patrick, beat all her male counterparts last week during Toyota
Atlantic testing at Firebird Raceway. CART's John Lopes called
her the "Real Deal" and stated "She will win races" at the PRI show in
Indy this week.. |
|
12/7/02
 |
Hogan wins Herbert's search
19-year-old Patrick Hogan has won ex-F1 pilot Johnny Herbert's 'Search
for a Star' competition. At the Rockingham Motor Speedway in Corby, 43
finalists battled it out in multi-discipline driving activities in
saloon, sports and single-seat racing cars. Two drivers stood out from
the pack, Paul Wilson and Dublin-born Hogan; with the latter storming
the win in a last-day shoot out. Patrick's victory has won him a fully
funded drive in the 2003 Avon Junior Formula Ford Championship, valued
at over £60,000. 'I'm really delighted for Patrick,' Herbert
concluded. 'I know from my own experience just how much of a
difference it will make to his future career.' |
|
12/7/02
 |
Arrows last gasp
Arrows Grand Prix are hanging on by a thread after investment
consultant Oliver Behring secured a meeting with the FIA. Early this
week, the governing body denied Arrows its 2003 championship entry,
with investors German Grand Prix Racing confirming they would not
conclude a company-saving deal unless they are cleared to race in '03.
Behring told the German media yesterday that a meeting would be held
'within the next seven days.' |
|
12/7/02
 |
Latest F1 Hot News
Sauber Land 'Active 02' Sponsor
Trulli Impressed With R23
Six Teams Sign Up For Test
Ban
Schu Remembers First F1
Blast
Childhood Dream For Romain
Dumas
Bridgestone Ignores
Michelin Pace
Feathered Headache For
Heidfeld |
|
12/6/02
 |
Roush best kept secret
Jack Roush remains one of the industry's best-kept secrets, and that's
just fine with automakers who happily take credit for work done on
their cars, trucks, engines and numerous parts and pieces by nearly
2000 engineers and craftsmen employed by Roush Enterprises and
subsidiaries. As shown in this AutoWeek
article, the company's scope extends far beyond automakers,
too. But Roush calls motorsports "the lifeblood" of Roush Enterprises,
the spirit that flows through every aspect of his businesses. |
|
12/6/02
 |
Sauber announces new sponsor
Sauber announced Friday the beginning of a partnership between the
team and German drinks company Adelholzener Alpenquellen. Starting in
January, the Swiss team's transporters and pit box partitions will
bear the logo of Adelholzener's Active 02 brand, an oxygenated mineral
water designed to provide internal organs with extra oxygen. The
company's Managing Director, Stefan Hoechter, said of the deal, "By
entering the fascinating world of Formula One, we would like to create
a connection between our oxygenated mineral water 'Active O2' and the
attributes of Formula One: high-technology, innovation and emotion.
Formula One and, in particular, Team Sauber Petronas will play an
important role in our future marketing strategy". |
|
12/6/02
Industry News |
GM to have 4th plant in China
General Motors and China's largest carmaker plan to buy state-owned
Yantai Body, which would give the world's biggest carmaker its fourth
manufacturing plant in China. GM spokeswoman Daphne Zheng said: "We
are in talks with Yantai Body. The rapid expansion of China's
automotive industry has created new opportunities." The two companies
will sign an agreement with the provincial government by December 20
to buy Yantai Body. The accord will give each partner a quarter stake,
with the remainder to be held by a venture both own, the official
said. Yantai Body was established last year, with an initial annual
production capacity of about 50,000 vehicles, said company official
Tang Weidong. General Motors now makes Buick sedans and wagons and
Sail cars in Shanghai in a US$1.5 billion venture with Shanghai Auto. |
|
12/6/02
 |
CART stock watch
MPH closed at $3.83 Down $0.06 on Volume
of 7,600 shares.
$3.20 Bid - $4.16 Ask on close.
Session Low/High $3.79 / $3.92
MPH Value Change Down 1.54%
DOW Jones Up 22.49 or 0.26% on Volume of 1.59 billion shares.
NASDAQ Up 11.69 or 0.83%
S&P 500 Up 5.68 or 0.63%
Courtesy of C3I.AndersonGroupe - Chicago
www.andersongroupe.com |
|
12/6/02
Russell Racing |
Sears Point to host Russell Racing Grad
Runoffs
There will be four days of open-wheel excitement this week as Infineon
Raceway hosts the Jim Russell Graduate Run-Offs on the 12-turn,
2.52-mile road course. The event will span from Thursday-Sunday (Dec.
5-8), culminating with two 25-minute lapping sessions on Sunday to
determine Best Overall Driver and Top Masters Driver (ages 40-plus).
Winners will receive a free season of racing on the 2003 USAC Formula
Russell Championship Series, plus Jim Russell/RACER Magazine trophies.
Preliminary action will take place Thursday-Saturday, as competitors
will receive two practice sessions and two judged sessions each day.
There will be up to 30 different drivers on the track each of the
three days with seven-to-10 each day being chosen to run for free on
Sunday. After two sessions Sunday morning, the panel of Russell
instructors and guest judges from the racing industry will trim that
group of 21-30 drivers down to 10 for the finals. This year's quartet
of guest judges are local CART Champ Car driver Memo Gidley, Lynx
Racing team manager Steve Cameron, and RACER editors John Zimmermann
and Jeremy Shaw. Competitors must be graduates of one of the Jim
Russell Racing School’s three-day programs on the 12-turn, 2.52-mile
road course. They also must not have more than one year of road-racing
experience. All racers will drive equally prepared Formula Russell
cars, featuring Mazda Rotary power. Average speeds for the top drivers
should be in the 85-90 mph range. [Editor's Note: Having gone through
both their TRC and Advanced Racing Course we can attest to the level
of talent that comes out of this school. Some of the best,
including two of the four Red Bull drivers chosen this year, have come
out of this school.] |
|
12/6/02
 |
Elliott most popular again
Continuing his dominance of fan popularity, Bill Elliott edged out
fellow racer Dale Earnhardt, Jr. to win the Grands!® Biscuits NMPA
NASCAR Most Popular Driver Award for 2002. Elliott and Earnhardt
battled for the leader position in recent months as fans across the
country placed more online votes than ever before as part of the only
fan-based NASCAR award. The announcement was made today during the
National Motorsports Press Association’s (NMPA) Myers Brothers Awards
Breakfast at the Waldorf-Astoria in New York City. Elliott, a 27-year
racing veteran who drove for Dodge this season, has won the Most
Popular Driver Award more times than any other driver – this marks his
16th victory. “Everyone knows that the fans are the real heart of
NASCAR. I owe many thanks to them because my fans have stuck by me and
kept me going all these years,” said Elliott, a Dawnsonville, Ga.,
native. “I am so fortunate to be part of this great sport and be
recognized by this award.” More than 3 million votes were cast by
thousands of NASCAR fans, shattering all voting totals posted in
previous years. Earnhardt, Jr. actually led much of the season with
Elliott’s votes coming on strong in the final months. Jeff Gordon and
2002 Winston Cup winner Tony Stewart were a distant third and fourth
respectively. More than 40 drivers received fan votes. “It is fitting
that the most popular driver in NASCAR history wins the award in the
year it was the most popular ever,” said Kenny Bruce, president of the
National Motorsports Press Association, which administers the award.
“Bill Elliott leads past award winners, including Richard Petty, Bobby
Allison, Darrell Waltrip and David Pearson, among others. That says a
lot about his popularity, not just in a single year or even a single
decade, but for all time.” “Bill Elliott has obviously distinguished
himself both on and off the race track,” said Phil Shaw, marketing
manager for Pillsbury® Grands! Biscuits. “It’s been a great honor for
us to celebrate this award with the fans and recognize Bill as their
favorite driver. We’ll continue to share the excitement of this
announcement with fans by posting award ceremony highlights on
www.mostpopulardriver.com.” |
|
12/6/02
 |
Servia and Visteon back with
Patrick Racing
U. E. “Pat” Patrick announced today that Visteon Corporation
will continue as the primary sponsor for the #20
Visteon/Patrick Racing entry and that Oriol Servia will drive
for the team during the 2003 Bridgestone Presents the Champ
Car World Series Powered by Ford. “I am pleased to announce
today the continuation of Visteon Corporation’s sponsorship of
the #20 Visteon/Patrick Racing entry in the 2003 Bridgestone
Presents the Champ Car World Series Powered by Ford,” Patrick
began. “I am also happy to say that Oriol Servia will drive
for our team. “Visteon has been a tremendous sponsor and
outstanding partner over the past five years and we look
forward to continuing the relationship through the 2003
season,” Patrick said. “I am also excited about having Oriol
driving the complete season for our team. He did a fine job
for us after taking over at mid-season last year and is a
tremendous talent. We are pleased to be able to give him the
opportunity to continue to race with our team and are looking
forward to challenging for the championship in 2003,” Patrick
concluded. The 2003 season will be the sixth year of Patrick
Racing’s alliance with Visteon Corporation. Visteon
Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive
manufacturers worldwide and through multiple channels within
the global automotive aftermarket. Visteon has approximately
79,000 employees and a global delivery system of more than 180
technical, manufacturing, sales, and service facilities
located in 25 countries. “I am very proud and happy that Mr.
Patrick has the confidence to allow me to continue racing with
the Visteon/Patrick Racing Team and I want to thank him for
this opportunity,” Servia began. “I also want to thank Visteon
Corporation and the entire Visteon/Patrick Racing Team for
their support. We didn’t achieve all of our goals last year,
but we worked hard and made a lot of progress during the
second half of the season. I am looking forward to continuing
to develop with the team and contending for the championship
in 2003,” he concluded. |
|
12/6/02
 |
Badoer fast in Jerez again
Today, was the second day of testing for Ferrari at the Jerez
circuit on Spain’s south coast. Once again Luca Badoer was
driving today, using two F2002s. The Scuderia’s official test
driver continued with a tire development program aimed at the
2003 season. He covered a total of 101 laps (36 with chassis
220 and 65 with chassis 221.). Also running at the track
was Nick Heidfeld in the Sauber-Petronas. Today's Times Luca
Badoer Ferrari 101 laps 1:18.392 126.334 mph, Nick Heidfeld
Sauber 66 laps 1:19.736 |
|
12/6/02
 |
Marlin being sued
According to this Nashville City Paper
article, A Middle Tennessee NASCAR driver is
facing legal action this week after an alleged brawl on a
Jamaican beach last December. A Massachusetts man filed a
federal lawsuit last week in Middle Tennessee’s U.S. District
Court against professional NASCAR driver Sterling Marlin, a
resident of Maury County. Joel Whitcomb, a native of
Pittsfield, Mass., is seeking damages in the amount of
$350,000 for injuries allegedly sustained in a beachfront
brawl last year during the fourth annual Race Fans Beach Bash
in Montego Bay, Jamaica. The Beach Bash invites NASCAR fans to
attend a multi-day event in which they participate in
recreational and leisure activities with various professional
drivers. Whitcomb claims Marlin assaulted him during a women’s
tug-of-war match in which Whitcomb, Marlin and their spouses
were taking part during the Beach Bash. Whitcomb alleges that
Marlin, who was coaching the team opposing that of Whitcomb’s
wife during the tug-of-war game, physically attacked him
during the match after Whitcomb accused Marlin of cheating and
helping the women on his team. Whitcomb’s suit claims that he
suffered extensive physical injuries after being thrown into
shallow water by Marlin, including a torn rotator cuff in his
shoulder and torn ligaments in his knee. He claims medical
expenses that amount to nearly $34,000. Marlin led point
standings for the NASCAR Winston Cup series this year, winning
the UAW-DaimlerChrysler 400 and the Carolina Dodge Dealers 400
in March, before breaking a bone in his neck at a September
race in Kansas City. He was reportedly cleared by a physician
Wednesday to participate in future races after recovering from
his injury. |
|
12/6/02
 |
SPEED Channel to air ALMS
review
The SPEED Channel will review the 2002 American Le Mans Series
season in a special program to be aired on Wednesday, December
11. The one-hour television program will begin at 9 p.m. (EST)
and will be hosted by Rick Benjamin, the anchor for all
American Le Mans Series television race broadcasts in 2002.
SPEED Channel televised six of the 10 races held for the
sports car endurance racing series in the 2002 season. The
cable network will continue its association with the series in
2003, beginning with live, flag-to-flag coverage of the Mobil
1 Twelve Hours of Sebring on Saturday, March 15. The Sebring
telecast will be preceded by a 30-minute program previewing
the race and the 2003 season. |
|
12/6/02
 |
IRL announces tire allocation
rules
Officials from the Indy Racing League announced Dec. 6 the
Firestone Firehawk tire allocation for the 2003 season.
Full-time entrants in the IRL will receive 153 sets of
Firestone Firehawk tires per driver for use during the 16
events in 2003, with 35 sets allocated for use during the
month of May at the 87th Indianapolis 500. Nine sets will be
available for race weekends at Michigan International Speedway
and California Speedway, while eight sets will be allocated at
Homestead-Miami Speedway, Twin Ring Motegi, Kansas Speedway,
Nashville Superspeedway, Gateway International Raceway,
Kentucky Speedway, Chicagoland Speedway and both races at
Texas Motor Speedway. Seven sets will be allocated at Phoenix
International Raceway, Pikes Peak International Raceway,
Richmond International Raceway and Nazareth Speedway.
Full-time entrants also will be allocated 24 sets of Firestone
Firehawk tires per driver for use at Indy Racing League Open
Tests. Six sets will be allocated at Phoenix and Homestead,
which are two-day Open Tests, while three sets will be
available for one-day tests at California, Nashville, Richmond
and Kentucky. The tires for Open Tests may be used only at an
IRL Open Test on the scheduled days at the designated
facility. For private testing purposes, full-time entrants
will be permitted a maximum of 21 sets of Firestone Firehawk
tires for use between Jan. 1, 2003, and Dec. 15, 2003. Any
tires from the 2002 season must be returned to Firestone by
Dec. 31, 2002, or the remaining tires will count against the
2003 allotment. “This is a continuation of a policy
implemented in 2002 that helps control costs for the teams
participating in the IRL as well as controlling costs for
Firestone,” said Brian Barnhart, IRL senior vice president of
operations. “It also helps create and maintain a level playing
field for competition by restricting testing to a point that
is equal for all. “It is very consistent with the founding
principles of the IRL in that it controls costs and provides
equal opportunity for everyone to compete against each other.
The policy was regarded as being very successful in 2002, and
I expect it to continue to be a useful tool in 2003. The
numbers for 2003 were chosen as a result of balancing the need
to control costs and making sure there is adequate track time
available for the teams to test the new chassis, engines, and
gearboxes for the next generation of IRL racing.” Chevrolet,
Honda and Toyota, the three engine manufacturers for the IRL,
are each permitted 30 sets of Firestone Firehawk tires for use
in private testing beginning Jan. 1, 2003 and ending April 30,
2003. No engine manufacturer or entrant may sell, trade, or
otherwise reassign the Firestone Firehawk tires to any other
engine manufacturer or entrant. Firestone has supplied tires
for every IRL race since the league’s debut race in 1996. In
2000, the company became sole tire supplier of the IRL and in
2002 became the exclusive tire supplier through 2005. |
|
12/6/02
 |
Fogarty
impresses in Champ Car test
AR1 has learned that 2002 Toyota Atlantic Champion Jon
Fogarty's recent Champ Car test with Dale Coyne at Firebird
saw him as the quickest of any of the youngsters who they
tested at a 48.2 sec. lap time. There are conflicting reports
as to how quick veteran Roberto Moreno ever went...some say he
did a 48.48 but Roberto has said elsewhere he went as fast as
a 48 flat. We hear people looked at his data and only found a
48.48 during his 3 days of testing and others who were there
with stop watches had him at a 48.4 as his best time...so we
actually believe that the quickest he went was a
48.48......and even if he did a 48.0, for Jon Fogarty to do a
48.2 is very impressive. We look for Fogarty to land a
Champ Car ride in 2003. |
|
12/6/02
 |
NASCAR has another banner year
on TV
All the heads of NASCAR's television partners were on hand
Thursday for a special press conference at the
Waldorf-Astoria. In attendance was FOX Sports Television Group
Chairman and CEO David Hill; NBC Sports Chairman Dick Ebersol
and NBC Sports President Ken Schanzer; Turner Sports President
Mark Lazarus; FX Networks President and CEO Peter Liguori;
Speed Channel President Jim Liberatore as well as NASCAR
Broadcasting Vice President Paul Brooks. The group discussed
its involvement with NASCAR and riding the crest of its
success. They also discussed how well they work together on
the NASCAR coverage despite being competing networks. "It's
beneficial. We challenge each other and take things from each
other," Schanzer said. "It's a healthy dynamic." Added Hill:
"The partnership has been fantastic. We have the highest
praise for the team Ken has put together." The two networks'
willingness to work together also has helped NASCAR in another
area. "There is not any other sport that gets this type of
promotion," Ebersol said. Some of the highlights from the
conference: FOX debuted its NASCAR promo, an action-packed
piece powered by Bruce Springsteen's "Streets of Fire." FOX
will televise next season's Daytona 500 and the network will
have plenty in store for the fans. "We can't wait for
Daytona," Hill said. "The biggest thing will be our [expanded]
coverage of Speed Weeks. We've been working on this for six or
seven months already." Schanzer said that NBC enjoyed a
"spectacular year" with NASCAR. He also said ratings for the
NASCAR events were up 13% and that two consecutive years of
increases marked the "first back-to-back increases for a major
sport since 1994-96 with the NBA and that was with Michael
Jordan." He also mentioned that seven of eight races that went
head-to-head with the NFL drew a 4.0 rating or better and
Sunday's pre-race show ranked second among Sunday pre-game
shows. Lazarus of Turner Sports said the NASCAR coverage has
resulted in new business over the past year, with 40 new
sponsors coming aboard. He also praised the ratings and was
impressed by the dedication of the NASCAR fans. Lazarus: "When
a three-hour race has a rain delay and turns it into a
seven-hour event, we don't lose our audience. July [the start
of the NASCAR Winston Cup season for TNT] can't come fast
enough for us." Liguori said that FX, in its third season of
NASCAR coverage, has increased its overall viewership by 21
million homes since NASCAR came aboard and are nearing 80
million homes. Liguori: "NASCAR has had a major impact in
growing our platform." FX will be the broadcaster of next
season's Twin 125 races during Speed Weeks at Daytona
International Speedway. Liberatore said that SPEED Channel
plans to expand its coverage of the NASCAR Busch Series,
NASCAR Craftsman Truck Series and several of NASCAR's touring
series. SPEED also is planning its most comprehensive coverage
of Speed Weeks, roughly 70 hours worth of coverage. Liberatore
said SPEED has seen an increase of 23 million homes, including
nine million last year. |
|
12/6/02
 |
Marlin cleared to drive
Dr. Jerry Petty, neurosurgeon, and Dr. Dom Coric, spinal
injury specialist, of the Carolina Neurological and Spinal
Injury Clinic, performed a medical update on Sterling Marlin
the morning of Wednesday, December 5. Dr. Petty and Dr. Coric
have cleared Marlin to begin racing again. Today, Marlin's CAT
scan clearly showed healing of the C2 vertebra. Marlin will
begin testing the No. 40 Coors Light Dodge at Talladega
Superspeedway on December 9 and 10. During this time, Marlin
will be fitted for the HANS device. Chip Ganassi Racing with
Felix Sabates certified athletic trainer, Al Shuford
M.Ed,A.T.,C.-L, will continue working with Marlin on a stretch
/ strengthening program. Marlin suffered a non-displaced
fracture of the #2 cervical vertebra as a result of his
accident at Kansas Speedway on September 29. Due to the
injury, Marlin was sidelined for the remainder of the 2002
season and Jamie McMurray took over driving responsibilities
in the No. 40 Coors Light Dodge. |
|
12/6/02
 |
NASCAR may start new TV program
NASCAR is in discussions with cable network FX with regard to
the creation of a reality TV series based on the US
motorsports franchise. The Fox-owned cable network is
finalizing a proposal for a weekly primetime reality TV
program which would go behind the scenes of NASCAR. With
reality TV proving a popular draw with TV audiences, it is
thought that the combination of the NASCAR proposition in a
reality TV format would prove compelling viewing - once more
indicating the growing proximity of sport and entertainment
programming. Another reason for Fox's proposals stems from the
need to bring in more revenue from NASCAR. While ratings for
the series are defying expectations, the advertising revenues
for all of the host broadcasters are still some way below
meeting the combined $2.8billion cost of the rights.
Sportsbusiness.com |
|
12/6/02
 |
SPEED Channel to air karting
extravaganza
The 2002 CART Stars of Tomorrow presented by Snap-on.com Grand
Nationals broadcast on SPEED premieres today with two showings in
prime time to the channel’s 63 million subscribers nationally.
“This will surely be the largest viewing audience for an American kart
race in recent history” said Stars founder Bryan Herta. “With SPEED’s
growing subscriber base and the coveted time slots we are eager to
expose a new audience to this exciting motorsport and to the excellent
drivers we have in the series.”
Full Story |
|
12/6/02
 |
Coup d'Spa: CART to go continental next
spring
In this Racingpress.com
article, author Tony Johns says that "the three-pronged
assault on Fortress Europe in May 2003 will put Champ Car racing into
direct competition with Formula One racing, and I'm certainly not
alone in saying that, when all is said and done, CART's product --
while not as glamorous as Formula One's -- will prove more
competitive, entertaining, and accessible than the overhyped World
Championship. Don't be surprised, too, if you see some famous F1 names
showing up at these races, much in the same way that famous drivers
come out of the woodwork for the
Daytona
500 or Indy 500. With all of the glowing reviews of CART from its
former champions in recent months, it would be a logical assumption
that, barring any F1 schedule conflicts, guys like Jacques Villeneuve,
Juan-Pablo Montoya, and Cristiano da Matta might make guest
appearances in Champ Cars during the month of May. If I were Chris
Pook, I'd already be on the phone with their agents. After all -- for
Pook and CART's loyalists, anyway -- having the likes of Montoya and
Villeneuve race a Champ Car at Spa would be more than enough to make
up for Michael Andretti and Dario Franchitti racing an IRL car at
Indianapolis."
More .
. . |
|
12/6/02
 |
Latest F1 Hot News
Wilson Lines Up CART Option
Cosworth: We Can Handle
The Load
Arrows Lay Off Remaining
Staff
Ralf Schumacher Wants To
Win
Ferrari: Team Orders Will
Stay
McLaren and CA Step Up
Sponsorship
Wholesale Change At Jaguar
Ranks
New Lap Record At
Barcelona Tests
BAR To Launch While Jaguar
Delays
BMW Discover P83 'Weak
Points'
Firman Makes BAR F1 Debut
Da Matta Tries New '03
Engine
F1 News In Brief
|
|
12/6/02
 |
Dyson announces two cars, four drivers
for ALMS
The Dyson Racing Team, one of America’s most successful sports car
racing teams over the past 15 years, has
announced a two-car, four-driver lineup for the 2003 American Le Mans
Series season. The team will field a pair of Lola EX257-MG machines in
the LMP 675 class for Prototypes in the sports car racing series.
James Weaver of England and Butch Leitzinger of State College, Penn.,
will be paired in one of the Dyson cars, while Andy Wallace of England
and Chris Dyson of Pleasant Valley, N.Y., will steer the other.
Weaver, 47, has been a driver for the Dyson team since 1987. “James is
uniquely talented,” said team owner Rob Dyson. “He’s probably one of
the best racers there is and we’re lucky to have him with us. I think
we’ve got a great group of drivers lined up for next year.” “The MG is
a gorgeous little car, and everyone is working really hard to develop
it,” said Weaver. “I can’t wait to get stuck into it over the winter
(in testing). I think it will be a strong package heading into next
year. “It’s terrific to be back with Dyson Racing,” he said. “Driving
one of Rob’s cars is always a privilege and we’ve had a fantastic
relationship over the years.” Leitzinger, 33, has raced with the Dyson
team since 1995 and has scored 25 victories and two driving
championships. He drove for the team in selected races in 2002 while
running a full schedule on the Trans-Am Series and driving for the
Bentley team in the 24 Hours of Le Mans, but will concentrate on the
Dyson effort in the American Le Mans Series in 2003. “It’s great to be
back fulltime with the Dyson Team,” said Leitzinger. “We’re all very
excited about next season and the MG is really coming along quite
nicely.” |
|
12/6/02
 |
CART's recovery appears on track
Much of the doom and gloom about CART that has been perpetuated by
many newspaper writers this year may be wearing off. In this
article in The Oregonian, author Jerry Boone writes about
CART's turnaround from a realistic and positive viewpoint. Boone
starts his article by saying that Jeff McComb doesn't have much time
to worry about CART's future. He is too busy preparing for it. The
2003 season begins in less than 90 days, and last week, McComb, team
coordinator for Fernandez Racing, shipped a third chassis from the
Fernandez shops in Indianapolis to England to be modified to accept a
Ford Cosworth engine. With luck, one of the team's two Lolas, already
there, will be back within a month. With a bit more luck, he will have
an engine to go in it. For the past two years, Fernandez Racing's cars
were powered by Honda engines. Next year, all CART cars will use Ford
Cosworth engines. "Right now, we've got nothing," McComb said. "The
cars are gone. The engines haven't arrived. It's pretty bare in the
shop." Adrian Fernandez was the first team owner to commit to CART
next year, so at least McComb knows where he will be in February.
Other teams that have committed for next season include Team Rahal,
Players/Forsythe, Newman-Haas and Patrick Racing. Paul Gentilozzi, a
multiple Trans-Am champion, will join CART next year. Former Formula
One driver Stefan Johansson also is expected to commit to the series.
Others are unsure. There still are drivers looking for rides, teams
searching for drivers and a few of each looking for sponsorship. How
it comes together will dictate how CART survives. A year ago, critics
were writing CART's obituary. Now it appears Chris Pook, hired last
December to run the series, has made good on his promise to save it.
Pook hasn't solved CART's problems -- and maybe he has created a few
-- but for the first time in the past three seasons, CART looks as if
it has a future. "I really didn't have a full appreciation of the job
when I took it," said Pook, an English-born promoter who founded the
Toyota Grand Prix of Long Beach and made it one of CART's premier
events. "There was a lot more to do than I realized at first."
More . . . |
|
12/6/02
 |
Teams wrap up testing at Homestead
Four teams fielding five drivers finished two days of testing Dec. 5
at the 1.5-mile Homestead-Miami Speedway in preparation for the 2003
IRL season opener March 2. Target/Chip Ganassi Racing driver Tomas
Scheckter, Andretti Green Racing test driver Dan Wheldon, 2002 Indy
Racing Infiniti Pro Series champion A.J. Foyt IV and teammate Airton
Dare of A.J. Foyt Racing, and two-time Indianapolis 500 winner Helio
Castroneves of Marlboro Team Penske participated in the final day of
testing. Scott Dixon, Scheckter’s Target/Chip Ganassi Racing teammate,
turned his first laps in an Indy Racing League car Dec. 4 at HMS.
Dixon, 22, previously spent two years competing in CART. “I thought
that the test went very well,” Dixon said. “We ran 250 miles and
didn’t have any problems whatsoever. The Toyota engine ran flawless
all day, and I was happy with how competitive we were right out of the
box. “The conditions weren’t ideal as it was pretty windy, so it took
a little bit of time to adjust to the car. The Target guys made some
adjustments for me during the day to make it more comfortable for me
to drive. The IRL car is different than the CART car in that
everything happens just a little bit slower. It’s not easier to drive,
just a different feel. I’m happy that we were so quick, being that it
was my first time ever in the car.” Scheckter, 22, turned laps Dec. 5
at HMS for Target/Chip Ganassi Racing. “It was good,” Scheckter said.
“We messed around with some stuff. It’s just me getting used to the
team and working on the engine. It’s quite preseason now, so we’re
just setting things up for the future. It was a good day today. I
learned a lot.” Scheckter made his IRL debut at Homestead-Miami in
March 2002, starting third and finishing sixth. “It (HMS) is tough,”
Scheckter said. “It’s not an easy circuit, that’s for sure. But it’s a
good circuit, and I look forward to it. We just need to get our stuff
sorted out here to make sure that we are up front in March.”
Another driver looking forward to the season opener is Miami resident
Castroneves, who tested both days with the Toyota engine. “First of
all, we don’t need to take a plane to someplace else before the
championship starts,” Castroneves said. “It’s great to be over here in
Florida and close to my home. “So far we are testing a lot of the
gearbox. We want to make sure that we run a lot and make sure we don’t
have any kind of issues when we start running with the new car. Also,
we’re testing the engine, which is new for us and new for them, so we
want to make sure that we keep running and fine-tuning as much as we
can before we start the championship.” Foyt, who crashed in testing
Dec. 4 at Homestead-Miami, returned to the cockpit of an A.J. Foyt
Racing car. “I was pretty screwed up this morning,” Foyt said. “I
didn’t have any confidence in the car or myself. I was getting
frustrated, but my grandfather (four-time Indianapolis 500 winner A.J.
Foyt) was patient. He explained I wasn’t going fast enough to use all
the downforce. To me, it felt like the car was skating all around.
“After Airton got in it and I saw the times he turned, I knew the car
was OK. I got back in the car and got back up to speed. I learned a
lot today, maybe more than I wanted to, but now I feel good about
coming back here.” The Indy Racing League season starts March 2 at
Homestead-Miami. |
|
12/6/02
 |
Bernie close to ending rift with
manufactures This
Autosport.com
article
says that the stand-off that has threatened Formula 1's future for
more than two years could be resolved soon, according to this week's
AUTOSPORT magazine. Five of the major car manufacturers involved in F1
have been threatening to set up a rival series, but they are now close
to a deal that will give them a greater role in the running of the
sport. Sources have said that a meeting is scheduled for next week
between GPWC, the company set up to represent the car makers, Bernie
Ecclestone, three privateer team owners and the banks that own the
majority of the sport. Any deal would have to secure a redistribution
of the wealth generated by F1, producing a bigger share for the teams
and manufacturers. This would require a redrafting of the Concorde
Agreement, the secret document which governs the sport. |
|
12/6/02
Industry News |
China overtaking the US as VW's No 2
market
Volkswagen's sales in China this year increased nearly 40 per cent
over last year and will exceed those in the United States for the
first time. Robert Buchelhofer, a member of the German vehicle-maker's
management board, said his company would sell 500,000 vehicles in
China this year, accounting for 40 per cent of the passenger-car
market, and aimed to double that by 2007. "So China has become the
second-biggest single market for Volkswagen worldwide, after Germany,
but ahead of the US, Brazilian and Italian markets," he said. VW was
the earliest foreign manufacturer to come to China, setting up two key
joint ventures, in Shanghai and Changchun, which produce a wide range
of upmarket and middle-range passenger cars, including the Santana,
Audi, Passat and Polo. Car ownership, once reserved for the political
elite and big state-owned companies, is spreading to families in China
as disposable income rises and credit financing is opened to
consumers, according to Bloomberg. And you wonder why CART needs
to be in China? It's not a matter of why, but how soon. |
|
12/6/02
Industry News |
BASF gets green light on Shanghai plant
German chemical giant BASF expects the green light this month for a
US$1 billion joint-venture plant near Shanghai. The project will see
the construction of an integrated plant complex for chemical
components used in the production of cars, construction materials,
refrigerators, upholstery and footwear. Speaking after an investment
promotion presentation by the Jilin municipal government yesterday,
the company's group vice-president of East Asia, Johnny Kwan, said the
business license for the project was expected before the end of the
year. The project, at Shanghai Chemical Industrial Park on the
southern outskirts of Shanghai, has already been approved by Beijing.
The complex's construction involves three joint ventures, whose
investors include United States-based Huntsman Polyurethanes, China
Petroleum & Chemical (Sinopec), Sinopec Shanghai Gao Qiao
Petrochemical, Shanghai Hua Yi and Shanghai Chloro-Alkali Chemical.
BASF is also building a US$3 billion petrochemical complex - including
a 600,000-tonne a year ethylene plant - with Sinopec. Completion is
expected in 2005. |
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