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Star Mazda to race at Iowa Speedway with IndyCar  The Star Mazda Championship presented by Goodyear today announced the completion of the series 10-weekend, 17-race schedule for 2012 with the addition of the Iowa Corn Indy 250 at Iowa Speedway, June 22-23.

Sage Karam IowaThis will be the series' fourth visit to the high-speed, 0.875-mile tri-oval located in Newton, Iowa, 30 miles East of Des Moines.

Star Mazda Championship competition at Iowa Speedway is always fast and wheel-to-wheel, with 2010 series Champion Conor Daly holding the series lap record at 21.933 sec. / 143.338;

he set the quick time in qualifying and went on to win the hotly-contested race. More ...

Ganassi teammates top Thursday Sebring times  
Dario Franchitti gestures to his engineer
Target Chip Ganassi Racing teammates Scott Dixon and Dario Franchitti topped the timesheets as IZOD IndyCar Series teams continued their Open Test at Sebring International Raceway.

Dixon, driving the No. 9 Target Chip Ganassi Racing Honda, became the first driver to break 52 seconds on the 1.67-mile short course during the test session with a lap at 51.7932 seconds in the morning session, while Franchitti set the pace in the afternoon session with a lap of 52.1401 seconds. Both drivers turned laps quicker than Helio Castroneves' best lap of 52.1413 in Group 1 set on March 6.

KV Racing Technology's Rubens Barrichello was third (52.2228) in a Chevrolet-powered car followed by the Hondas of A.J. Foyt Racing's Mike Conway (52.2230) and Takuma Sato (52.41111). More ...

racing news
Karl Wendlinger opts for Blancpain Endurance Series  
Wendlinger at Zolder Thursday
Former F1 driver Karl Wendlinger will be competing in the Blancpain Endurance Series this year for the Belgian KRK Team which is being owned by Musicians Kris and Koen Wauters and Raf Vanthoor. The Wauters brothers(Clouseau, as their band has been named) have been racing for 16 years in Belgium. Due to the collapse of Belgian Motorsports they opted for Blancpain.

Welti (L) and Wendlinger
They will be entering two SLS AMG Mercedes GT3's for the combination Wendlinger/Wauters/Kumpen and Vanthoor/Ritskes/Retera. They were testing today. Vanthoor slightly damaged his SLS AMG GT3 Mercedes after a spin. Wendlinger has also brought with him Otmar Welti, a respected and well known race-engineer who worked with in top line drivers in different categories. More ...
Esteban Gutierrez finishes on top  Esteban Gutierrez set the quickest laptime again in today’s final pre-season test in Barcelona. The young Mexican set a laptime of 1:29.154 in the morning session ahead of last week’s fastest man in Jerez, Davide Valsecchi. In the afternoon session, it was Frenchman Tom Dillmann at Rapax who finished top ahead of Stefano Coletti.

The final 2012 pre-season testing day opened in Circuit de Catalunya in sunny conditions. After a quiet first half hour which saw Nigel Melker leading the way, Fabrizio Crestani was the first man to dip under 1m29s. The proceedings were red flagged after Fabio Onidi ran wide at Turn 4 and stopped in the gravel bed. At the restart, Crestani was still in control of the timesheet ahead of Melker and Luiz Razia. A second red flag occurred after Simon Trummer stopped on track at Turn 10. When the track was live again, Dillmann went quickest leading from James Calado.

With one hour left on the clock, yesterday’s quickest man Esteban Gutiérrez headed the timesheets again with a 1:29.154, 0.1s faster than Valsecchi. In the dying minutes of the session, Johnny Cecotto caused a third red flag after he spun and stopped on the track. At the checkered flag, Gutiérrez remained top ahead of Valsecchi, Dillmann, Max Chilton, Giedo van der Garde, Calado, Crestani, Melker and Onidi.

After a one hour break, the drivers took to the track for their final runs. Dillmann was quick on pace and clocked a 1:29.705 laptime to put him on top of the timesheets early on. Trummer caused a red flag after he ran off the track on cold tires ending his day prematurely. At the restart, teams resumed with their programs which included long runs and pitstop practices. A second red flag halted the session after Julian Leal stopped on track. Another brief interruption occurred shortly after the restart when Felipe Nasr stopped on track as well.

In the final hour of the session, Dillmann was still leading the way, 0.6s ahead of Crestani. Stefano Coletti closed the gap with the Frenchman when he also dipped under 1m30s. At the checkered flag, both men led ahead of Crestani, Nasr, Jon Lancaster, Marcus Ericsson, Valsecchi, Onidi, Jolyon Palmer and Ricardo Teixeira.

The thirteen GP2 are now headed to Malaysia where the season opener will take place in two weeks.

Morning results

Pos Driver Team Laptime Laps
1. Esteban Gutierrez Lotus GP 1:29.154 25
2. Davide Valsecchi DAMS 1:29.318 26
3. Tom Dillmann Rapax 1:29.455 25
4. Max Chilton Carlin 1:29.456 25
5. Giedo van der Garde Caterham Racing 1:29.490 15
6. James Calado Lotus GP 1:29.599 19
7. Fabrizio Crestani Venezuela GP Lazarus 1:29.581 27
8. Nigel Melker Ocean Racing Technology 1:29.632 36
9. Fabio Onidi Scuderia Coloni 1:29.679 23
10. Stéphane Richelmi Trident Racing 1:29.694 28
11. Luiz Razia Arden International 1:29.748 26
12. Jolyon Palmer iSport International 1:29.849 22
13. Marcus Ericsson iSport International 1:29.977 20
14. Stefano Coletti Scuderia Coloni 1:30.031 29
15. Fabio Leimer Racing Engineering 1:30.047 18
16. Nathanael Berthon Racing Engineering 1:30.055 20
17. Julian Leal Trident Racing 1:30.075 38
18. Rio Haryanto Carlin 1:30.211 35
19. Josef Kral Barwa Addax Team 1:30.250 30
20. Johnny Cecotto Barwa Addax Team 1:30.287 28
21. Simon Trummer Arden International 1:30.477 23
22. Rodolfo Gonzalez Caterham Racing 1:30.680 24
23. Jon Lancaster Ocean Racing Technology 1:30.724 29
24. Felipe Nasr DAMS 1:31.029 25
25. Ricardo Teixeira Rapax 1:31.766 24
26. Giancarlo Serenelli Venezuela GP Lazarus 1 :32.872 35

Afternoon results

Pos Driver Team Laptime Laps
1. Tom Dillmann Rapax 1:29.705 33
2. Stefano Coletti Scuderia Coloni 1:29.918 24
3. Fabrizio Crestani Venezuela GP Lazarus 1:30.385 13
4. Felipe Nasr DAMS 1:30.740 36
5. Jon Lancaster Ocean Racing Technology 1:30.890 26
6. Marcus Ericsson iSport International 1:31.175 31
7. Davide Valsecchi DAMS 1:31.197 37
8. Fabio Onidi Scuderia Coloni 1:31.324 25
9. Jolyon Palmer iSport International 1:31.352 36
10. Ricardo Teixeira Rapax 1:31.406 35
11. Luiz Razia Arden International 1:31.611 56
12. Nigel Melker Ocean Racing Technology 1:32.295 28
13. Stéphane Richelmi Trident Racing 1:32.339 31
14. Giedo van der Garde Caterham Racing 1:32.364 51
15. Julian Leal Trident Racing 1:32.923 41
16. Max Chilton Carlin 1:33.459 52
17. Giancarlo Serenelli Venezuela GP Lazarus 1:33.529 22
18. James Calado Lotus GP 1:33.579 52
19. Esteban Gutiérrez Lotus GP 1:33.847 52
20. Johnny Cecotto Barwa Addax Team 1:34.086 52
21. Josef Kral Barwa Addax Team 1:34.088 40
22. Nathanaël Berthon Racing Engineering 1:34.495 39
23. Fabio Leimer Racing Engineering 1:34.521 34
24. Rodolfo Gonzalez Caterham Racing 1:34.750 46
25. Rio Haryanto Carlin 1:35.312 15
26. Simon Trummer Arden International -- 1
track news
SMI moves to a loss in Q4  Speedway Motorsports, Inc. reported a fourth quarter net loss of $398,000. This compared to net income of  $6 million during the same period of the prior year.

The Concord-based company reported fourth quarter revenue of $89.1 million. This was up from $82.9 million in the fourth quarter of 2010.

“We are proud to report higher revenues for 2011 with almost four million fans attending our events despite tough economic times, and that television ratings increased significantly for NASCAR’s three largest racing series,” said Marcus G. Smith, Chief Operating Officer and President of Speedway Motorsports. More ...

Excitement Builds as 2012 Team Barracuda - BHA Car is Unveiled  With just over two weeks until the IZOD IndyCar Series season opener, Team Barracuda - BHA proudly unveils its 2012 livery today at Sebring International Raceway.

Last year's Indianapolis 500-winning team announced Barracuda Networks in mid-January as the primary sponsor of driver Alex Tagliani's 2012, full-time Series entry. Barracuda Networks is an enterprise technology company that works with businesses to simplify their information technology (IT) processes and protect their networks, data and end-users. This unveiling comes on the heels of the 2012 RSA Conference, where Barracuda Networks showcased its dynamic content security solutions as well as a replica of the new car in their booth. More ...

Dixon tops Group 2 morning test times  Scott Dixon, driving the No. 9 Target Chip Ganassi Racing car, led 15 IZOD IndyCar Series drivers participating in the morning session of the Open Test at Sebring International Raceway.

Dixon had a quick lap of 51.7932 seconds on the 1.67-mile, 11-turn short course in the Honda-powered car, which was a half-second quicker that Helio Castroneves' chart-topping lap from Group 1 on March 5-6.

"We haven't done a lot of laps, but our car right out of the box was pretty decent," said Dixon, who finished third in the 2011 series championship. "We're not really trying to go fast at Sebring, but are trying to cover all the bases before we get to St. Pete." More ...

Legendary Team Owner Penske To Be Honored May 26 At IMS  Iconic Indianapolis 500 team owner Roger Penske will be saluted Saturday, May 26 during "Legends Day Honoring Roger Penske" at the Indianapolis Motor Speedway.

The 96th Indianapolis 500 on Sunday, May 27 will mark the 40th anniversary of the first Indianapolis 500 victory for Penske. Mark Donohue drove Penske's Sunoco McLaren to victory in the 56th Indianapolis 500 on May 27, 1972.

Penske-owned cars have earned 15 race victories and 16 poles - both records by a wide margin - in "The Greatest Spectacle in Racing." More ...

'F-duct fever' returns to F1 in 2012  (GMM)  A new case of F-duct fever appears to have broken out in formula one.

The issue seemed dead at the end of 2010: the FIA banned the driver-activated systems that stalled the rear wing to boost top speed, replacing it with 'DRS'.

But towards the end of last year, Mercedes began testing an F-duct style innovation in the front-wing, which because it is entirely passive is legal.

The system is on the W03 car, and Germany's Auto Motor und Sport reports that McLaren's final Barcelona test specification of its 2012 car, the MP4-27, featured a similar system.

Now, there are rumors Mercedes, McLaren as well as Red Bull and Lotus have designed new F-duct style systems -- also for the rear wing. More ...

Kubica 'cannot pick up a glass to drink' - Alguersuari  
Kubica's racing return may be in doubt now
(GMM)  Jaime Alguersuari has revealed he has heard bad news about Robert Kubica's condition.

With official news about the injured Pole scarce, one of his friends said last week Kubica is close to returning to a normal life, raising hopes he might soon be back in formula one.

But former Toro Rosso driver Alguersuari has heard something very different.

"I think Robert is and was a fantastic driver, fast and complete.  I am sure that he could have been a world champion without a doubt," he said this week when he was revealed as a co-commentator for British radio in 2012. More ...

Sinica Motorsports Cup plans still not known  Sinica Motorsports attempted the Homestead-Miami Speedway's Cup race in November, missing the show with Grant Enfinger in the #93. At the time, the team said it planned to run the full 2012 schedule, but has not made an attempt so far. Enfinger parted ways with the team and SM ceded its #93 to the even-newer BK Racing team. The team still has not announced when it will debut and there is no Sprint Cup information on its site, though their website does list that they own the #84 Sprint Cup Chevy. The team is running in the ARCA Series with driver Brian Keselowski, the elder brother to Brad, who has raced off and on in recent years for his own race team. WSB Radio
Turn One Racing making Cup debut at Bristol  As often occurs in NASCAR's yearly Silly Season, the shutdown of race teams makes quality equipment available for a fraction of the cost. And with this comes the inception of new race teams. Turn One Racing has been around for several years in the Camping World Truck Series, but announced ambitious plans to attempt the full 2012 Sprint Cup schedule. In early-February, the team pushed its debut back from the highly competitive Daytona 500 to Phoenix.

The Turn One team was absent at Phoenix and is not listed for the Kobalt Tools 400 this weekend at Las Vegas Motor Speedway. Turn One Racing operations manager Jamie Buzze tells News/Talk WSB that the team missed Phoenix and will skip Las Vegas, because they had issues getting motors together. She says the team will attempt its season-debut at Bristol next week. WSB Radio

Ollie's Bargain Outlet returning to Tommy Baldwin Racing at Vegas  Ollie's Bargain Outlet will extend their partnership with Tommy Baldwin Racing to support the Sprint Cup Series team at Las Vegas Motor Speedway. Dave Blaney will pilot the #36 Ollie's Bargain Outlet Chevy as he attempts to clinch a spot in the Kobalt Tools 400. Ollie's Bargain Outlet, one of America's largest retailers of closeouts, salvage and surplus merchandise, joined TBR for the 54th running of the Daytona 500 and returned to the #36 Ollie's Bargain Outlet Chevy for the Subway Fresh Fit 500. Due to customer support and good exposure in Daytona and Phoenix, the Pennsylvania-based company expanded their program with TBR to include the Kobalt Tools 400 at LVMS.  Tommy Baldwin Racing
Grand Prix sales up  Ticket sales are up for this month's Honda Grand Prix of St. Petersburg compared to this time last year, race vice president and general manager Tim Ramsberger said. The event has also sold out its hospitality suites and is ahead of schedule on building the track.

Ramsberger said he expects the unfamiliarity with the new cars to produce more excitement at the March 25 season opener.

"I think it's going to be wide open," Ramsberger said.

Bernard assures Lotus teams they will have engines  IndyCar Series CEO Randy Bernard met with Lotus officials on Tuesday and said he was assured that every team with a signed contract and a deposit credited would have at least one engine by the season-opener. Quantity has been an issue for Lotus as Honda and Chevrolet have been focusing on quality for weeks.

Sebastien Bourdais' Dragon Racing car didn't have a Lotus engine for him Monday or Tuesday, costing him two test days. Oriol Servia expects, or at least hopes, to be ready to take his Dreyer & Reinbold car onto the Sebring International Raceway course for spring training on Thursday. He used words like “hope” and , “faith” in describing both the availability and performance of the mercurial Lotus, odd choices for both a driver and a mechanical engineer such as himself.

“The next two days will tell me at least where we stand,” said Servia, who has been able to participate in just two of the expected 10-to-15 test days this preseason. He is scheduled to test at Barber Motorsports Park next week, he said. AutoWeek

Latest F1 news in brief - Thursday  
  • Maria de Villota
    Marussia signs female test driver de Villota
  • Lehman Brothers selling 15pc F1 share
  • Horner, Ecclestone, predict Button title challenge
  • Red Bull to discuss Webber future in summer
  • Red Bull to bring 'new' RB8 to Australia
  • Pollock's Pure to use Toyota facilities
  • Ferrari predicament 'dramatic' - Lauda
  • De la Rosa admits HRT 'worst' team in F1
  • Nurburgring's Kafitz emerges at Red Bull Ring
  • France waiting on Belgium for GP share green-light
  • Senna confirms Williams deal for one year only More ...
Stefan Johansson joins Gulf Racing Middle East for Sebring 12 Hours  Former Le Mans 24 Hours winner Stefan Johansson will return to the wheel of a prototype in this month's Sebring 12 Hours. The US-based Swede, who won Le Mans with the Joest Porsche team in 1997, has signed to drive one of the Gulf Racing Middle East squad's Lola-Nissan B12/80 LMP2s in the opening round of the FIA World Endurance Championship on March 17. Johansson is hopeful that the drive will lead to a full-time seat with the team in the WEC.
Ana Beatriz Testing With Andretti  
Ana Beatriz
The one promising full-time driver from last season without a ride appears to have something brewing with Andretti Autosport.

Brazil's Ana Beatriz, who struggled through a tough rookie season with Dreyer & Reinbold Racing, has been linked recently with Panther Racing, Michael Shank Racing, and now, after being spotted making a seat at in James Hinchcliffe’s car at Andretti Autosport, looks to be ready to at least test for the Michael Andretti-owned team.

Whether that will turn into a longer commitment, or is nothing more than a one-off test is unknown at this point. Speedtv.com

Yacaman, Saavedra renew rivalry at Sebring Open Test  
Gustavo Yacaman
Gustavo Yacaman and Sebastian Saavedra have been rivals for most of their racing careers.

Judging from the results of Firestone Indy Lights testing at Sebring International Raceway, the rivalry between the two young Colombian racers may pick up where it left off.

Yacaman paced the test with a lap of 56.4954 seconds, knocking Saavedra (56.5711 seconds) from the top spot with a few minutes left in the one-day test session. More ...

Smith, Menard escape injuries in Colorado road accident  
Regan Smith
NASCAR drivers Regan Smith and Paul Menard, along with Smith's wife Megan and a friend of the Smiths, escaped injuries in a Colorado road accident today (Wednesday, approximately 8:45 a.m. MT). The foursome was on the way to a nearby ski slope. Smith lost control of his Silverado truck after hitting a patch of ice near his mountain home in Evergreen, outside of Denver. The truck slid off the road and crashed into a collection of trees. Smith and Menard will compete in Sunday's Kobalt Tools 400 Sprint Cup Series race at Las Vegas Motor Speedway.  Furniture Row Racing/RCR
PURE moves to Toyota's Cologne factory  Craig Pollock's PURE engine company will move to Toyota Motorsport's facilities in Cologne after securing a deal with the Japanese car maker, AUTOSPORT reports.

PURE, which has been operating in its France base so far, is set to make its debut in Formula 1 in 2014, when the sport switches to V6 turbo engines.

Speaking to AUTOSPORT, Pollock confirmed the move to Cologne - where the Toyota F1 team used to operate from.

"The situation is that we have signed an exclusive agreement with TMG," Pollock told AUTOSPORT. More ...

Stewart would like to run Indy Grand Am race  Sprint Cup champion Tony Stewart might try to add another racing series to his already full calendar this summer. Stewart, who was at Texas Motor Speedway Tuesday as part of the track's media days, said he didn't think he would run in the Nationwide Series at Indianapolis this July. The Sprint Cup weekend at Indy also features a July 27 race in the Grand-Am Road Racing Series. That is something that might suit Stewart. "If I do anything, I'd like to run the Grand Am race to be honest," Stewart said. "We might be able to try and put something together for that hopefully." Stewart said he didn't want to deny a Nationwide spot to a driver who was trying to live out a dream of running at the storied venue. Fox Sports
Lehman Brothers to sell F1 stake for $1.5bn  The collapsed US bank Lehman Brothers has committed itself to cashing in its stake in Formula One motor racing within two years, according to documents released as part of the ongoing unwinding of the company. The stake is expected to yield a $1.5bn (£950m) payout to Lehman's creditors, who are owed $450bn.

Lehman's estate has emerged from bankruptcy protection and confirmed that its first payment to creditors, which include hedge funds, money managers and businesses, will be made in April. It is expected to exceed $10bn and in total creditors will get around $65bn. Other assets that could be sold are a hotel in Hawaii, a Rockies ski resort and a Manhattan boutique hotel. More ...

track news
Infineon not renewing SMI track sponsorship/naming rights  California-based technology company Infineon will not renew its naming-rights deal for the speedway in Sonoma, Calif., after its deal expires in May. The news was revealed today as part of Speedway Motorsports Inc.'s annual financial report. Infineon Raceway VP/Marketing & Communications John Cardinale said that the speedway is in the marketplace looking for a new naming-rights partner to replace Infineon, which signed a 10-year, $34.6M deal in '02.

It has hired Cordova Marketing Group, which worked on the Infineon deal, to assist with the effort to find a new partner. Cardinale said, “There are three or four companies we’re talking to. I wouldn’t say they’re ready to sign, but they’re certainly interested.” The end of the Infineon deal means the only NASCAR Sprint Cup Series track to currently have a naming-rights deal is Auto Club Speedway in Fontana, Calif.

Mouser Electronics to be Kanaan primary sponsor at four events  KV Racing Technology announced today that Mouser Electronics will sponsor Tony Kanaan’s #11 MOUSER ELECTRONICS | GEICO – KV Racing Technology Chevrolet/Firestone car in a primary capacity for four events during the 2012 IZOD IndyCar Series season and the co-primary sponsor for the 2012 Indianapolis 500.

Kanaan will drive the MOUSER ELECTRONICS | GEICO KV Racing Technology Chevrolet/Firestone entry at Long Beach, Texas, Sonoma and China, and the #11 GEICO | MOUSER ELECTRONICS – KV Racing Technology Chevrolet/Firestone car at 10 events.  MOUSER ELECTRONICS and GEICO will be co-primary sponsors at the Indy 500. More ...

Esteban Gutierrez quickest on Day 2  Esteban Gutiérrez finished at the top of the timesheets today after putting in a laptime of 1:28.740, 0.004s ahead of Giedo van der Garde in a very closely fought morning session. Julian Leal topped the afternoon session ahead of Nigel Melker.

The temperatures were very cold as day two of the second 2012 pre-season testing opened at Circuit de Catalunya. James Calado set the early pace, two hundredths quicker than his teammate Gutiérrez, but the Briton’s laptime was later bettered by GP3 graduate Rio Haryanto. Max Chilton was the first driver to dip under 1m29s in what looked like a qualifying session for most racers as they compared the performance between Pirelli Prime and Option tires. By mid-session, Gutiérrez went top, a mere 0.008s faster than Chilton whilst Davide Valsecchi also broke the 1m29s barrier and put his DAMS car into P3. In an extremely competitive and trouble-free session, van der Garde found the extra pace to slip into P2, four thousands of a second shy from Gutiérrez’ laptime. At the chequered flag, the top three remained unchanged and were followed by Valsecchi, Stefano Coletti, Luiz Razia, Calado, Fabrizio Crestani, Jolyon Palmer and Fabio Onidi. More ...
Hellmund could have headed New Jersey F1 race  
A lawsuit filed by local promoter Tavo Hellmund claims he turned down the chance to run New Jersey’s Formula One race because of his obligations to the Circuit of the Americas.

Hellmund could have headed New Jersey race

Some believe New Jersey’s Grand Prix, slated for June, 2013, will be direct competition for Austin’s United States Grand Prix, scheduled for Nov. 18.

New Jersey’s race will be on a road course between Weehawken and West New York and will have the Manhattan skyline as a backdrop, a setting long coveted by Formula One boss Bernie Ecclestone . The New Jersey race’s lead organizer, Leo Hindery Jr., could not be reached for comment Monday and neither could Hellmund on this matter. More ...

racing news
Drivers Announced for 2012 Toyota Pre-Celebrity Race  For the 36th year, the Toyota Pro/Celebrity Race will field a glamorous array of Hollywood's elite in an action-packed race for charity-and the glory of the winner's circle. On Saturday, April 14, stars from film, television, music, sports and fashion will get behind the wheels of identically prepared, race-ready Toyota Scion tCs to drive the historic 10-lap, 1.97-mile street circuit through the streets of downtown Long Beach, Calif.

This year's field will compete in what has become the world's longest-running, most prestigious celebrity racing event, and includes the following popular entertainment, media and sports personalities: Jillian Barberie Reynolds Television personality and co-host of Emmy Award-winning, top rated Fox morning show "Good Day LA" for the past 15 years. More ...

Latest F1 news in brief - Wednesday  UPDATE Updates shown in red below.

  • Austin will look like this when complete
    Marussia to race after passing FIA crash test
  • US GP on schedule despite latest setback
  • Alguersuari ready to return to F1 grid
  • Red Bull 'not faultless' as 2012 season looms
  • Jordan says Hamilton should stay at McLaren
  • Montezemolo alarmed as Ferrari expects to 'suffer'
  • Montoya blasts F1 'joke'
  • 'Obvious' HRT needs more backing - de la Rosa
  • Ecclestone reveals 'customer car' plan
  • Domenicali: We can’t be happy how testing went
  • Lotus not 2012 favorite - Allison New
  • Hembery admits new tires not heavily-degrading New
  • Pirelli to use 2010 Renault as new test car New More ...
Ex- Porsche’s Former CFO Haerter Is Charged With Fraud  Former Porsche SE (PAH3) Chief Financial Officer Holger Haerter is one of three managers charged over statements made to a bank when the holding company refinanced a 10 billion-euro ($13.2 billion) loan in 2009.

The men are accused of understating Porsche’s liquidity needs by 1.4 billion euros if all purchase options the company held on Volkswagen AG (VOW) (VOW3) shares had been exercised, Stuttgart prosecutors said in an e-mailed statement today, without disclosing any names. Haerter will fight the charges, his attorney, Anne Wehnert, said in an e-mailed statement. More ...

Earnhardt-Ganassi running decal in memory of Wheldon  GR will pay tribute to former Target Racing member Dan Wheldon this weekend at Las Vegas Motor Speedway. The #1 McDonald's and #42 Clorox Chevys will display a decal in memory of the two-time Indianapolis 500 Winner and 2005 IZOD IndyCar Series Champion. In a joint venture between NASCAR and its teams, the decal was created to pay tribute to Wheldon. The logo depicts Richard the Lionheart, a 12th century king of England - Wheldon's home country. He once wrote, "When I first started racing, a lot of the guys said that I raced with a lot of heart, occasionally not my head, but always with a lot of heart, like the way that Richard the Lionheart fought in battle." He wore a small mural of the 12th-century warrior king on his racing helmet. Wheldon drove for Target Chip Ganassi Racing in the IZOD IndyCar Series for three seasons (2006-2008) and won six races. EGR
Robby Gordon hoping for more Dodge support  Robby Gordon obviously could use more sponsorship in any form, so if the Penske Racing move from Dodge to Ford in 2013 helps him, he's all for the additional support. As a driver and team owner, Gordon has run Dodges the last four years in NASCAR's Sprint Cup Series. He gets his motors from Joey Arrington's Race Engines Plus. Gordon believes he has an advantage over other teams possibly looking for Dodge support because his team builds all his own cars. He doesn't have an alliance where he gets cars and engines from another organization. Gordon, who has successfully qualified for the first two races of the season after finishing outside the top 35 in 2011, plans to field a car in every race this year, but whether he will be the driver and how much of each race is run, due to finances, is still to be determined. His only funding comes from some Menard's sponsorship, from Dodge and whatever profits he can bring from his Speed Energy drink. "If I had a full factory program in place, I'd show up and drive all the races," Gordon said. "Right now, I'm trying to figure out how to fund this thing. With Speed Energy, that's been about the only way I can build a business that actually can turn some profit for sponsorship. Scene Daily
David Zhu confirms place on F2 grid in 2012  
David Zhu
David Zhu has confirmed his participation in the 2012 FIA Formula Two Championship, becoming the first Chinese driver to race in any era of F2.

21-year-old Zhu began his single seater career by competing in the Formula BMW Asia series in 2007, finishing 10th with two podiums in his maiden season.  In 2008 he moved up to the Formula Asia 2.0 Championship where he again impressed by taking three podiums on his way to sixth overall.

During the next two years he raced in the Formula Challenge Japan series, finishing 13th and eighth respectively before stepping up to the Formula Pilota China series, which uses Formula Abarth cars, last year.  He finished eighth overall with one podium, despite only contesting four rounds. More ...

Ocean Racing Technology enters GP3 Series in 2012  GP3 Series organizers are pleased to announce that Ocean Racing Technology will take over from Tech 1 Racing in 2012. The Portuguese team has been involved in GP2 Series since 2009 and showed a strong interest in participating in GP3 Series as well. After they reached an agreement with Tech 1 Racing, it has been decided that Ocean Racing will enter the Series for this season.

They will be on track for the first time next week in Barcelona for the official pre-season testing. More ...
Video: IndyCar open test Day 1  Ryan Hunter-Reay posted the fastest lap at the IZOD IndyCar Series "Spring Training" at Sebring International Raceway.
Video: First Test: Karma Fisker  It's easy to explain and deconstruct some cars. The Fisker Karma is not one of them. We test the Karma to see how it's "green mission" holds up to the numbers.

Video: Electric Car investigation  ABC News reports that an electric car company that received a $529 government loan is manufacturing the cars overseas. While the assembling part of the process is done overseas, engineering and design work for Fisker Automotive still remains in the U.S.

Vice President Joe Biden was in Delaware in October 2009 to celebrate the opening of a plant that would supposedly manufacture the cars. In the above video Henrik Fisher, CEO of Fisker Automotive and Biden and give statements. In his remarks, Fisker explicitly says the cars will be built in the U.S. More ...

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