Icahn Wins Bidding War for Pep Boys, as Bridgestone Drops Out Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone.
The deal is expected to close in the first quarter of next year.
Icahn Enterprises offered $18.50 in cash for each share of Pep Boys on Tuesday, $1.50 more per share than the most recent offer from Bridgestone. With the contest becoming too rich, Bridgestone bowed a few hours later. Because Pep Boys had already agreed to a deal with Bridgestone Corp., Icahn Enterprises will pay a $39.5 million break-up fee.
Ford GT WEC Driver Announcement Set for Jan. 5 The drivers for Ford Performance Chip Ganassi Racing’s factory effort in the FIA World Endurance Championship will be revealed next week, as part of the launch of its UK-based operations, it has been revealed.
Ford Europe has scheduled the event for Jan. 5 at the program’s new motorsports base in England, with further details on the Multimatic-run effort expected to be released.
Flying Lizard Motorsports and Krohn Racing Partner for the Rolex 24 (Update) UPDATE
Houston, Texas (December 30, 2015)...Krohn Racing will make its 13th appearance at the Rolex 24 at Daytona on January 30-31, 2016 in an association with Flying Lizard Motorsport. Tracy W. Krohn and Nic Jonsson will pair with Audi Sport customer racing drivers Pierre Kaffer and Christopher Haase in last year's second-place finishing No. 45 Audi R8 LMS in the GTD class of the IMSA WeatherTech SportsCar Championship for the inaugural 2016 endurance race.
Dyson team severs ties with Bentley The Dyson Racing Team returned to victory lane and scored several podium finishes while competing in the Pirelli World Challenge series in 2015. Dyson Racing campaigned a pair of Bentley Continental GT3 race cars in partnership with Bentley Motors, Ltd. and under the banner of Team Bentley Dyson Racing in the final year of the team's two-year contract to represent Bentley in North American motorsport.
Boston Mayor Martin J. Walsh is renewing concerns about the IndyCar road race slated for next fall, warning local promoters to "pick up the pace" in getting approvals from city and state agencies for security and traffic plans according to Joe Battenfeld of the Boston Herald.
Walsh, in an interview on Boston Herald Radio's "Morning Meeting" show, said he still supports the proposed Grand Prix-style race around the city's waterfront but cautioned time is running out to finalize agreements to hold the event next Labor Day.
Pumpelly and Lewis Join Change Racing for 2016 IMSA WeatherTech Campaign
Change Racing Lamborghini
Change Racing is pleased to announce that Corey Lewis and Spencer Pumpelly have joined the team as full-season drivers for the 2016 IMSA WeatherTech SportsCar Championship campaign. The American racers will co-drive the No. 16 Change Racing Lamborghini Huracan GT3 machine in the GTD Class, which will open the 11-round championship with the Rolex 24 At Daytona on January 30-31.
After generating three Lamborghini Blancpain Super Trofeo North America driver championships in the last three seasons, the 2016 effort marks the first year of IMSA WeatherTech competition for Change Racing. The 2016 GTD Class will feature full GT3 specifications for the first time and has attracted global interest as many anticipate the class to be one of the most competitive on offer.
Tony George 56 today. Credited with taking IndyCar racing from a huge sport, bigger than NASCAR, to what it is today.
Home: Indianapolis, Indiana, USA.
Anton Hulman "Tony" George is the former President and CEO of the Indianapolis Motor Speedway and Hulman & Company, serving from 1989 to 2009. He was also formerly on the Board of Directors of both entities.
He founded the Indy Racing League and co-owned Vision Racing. Many commentators, such as Gordon Kirby, suggest that George's actions at the head of the Indianapolis Motor Speedway and in creating the IRL to rival the then-dominant CART led to a sharp decline in popularity of open-wheel racing in the United States as it split the fanbase, and gave a significant boost to the national popularity of NASCAR.
Ford to introduce 13 electric cars by 2020 DEARBORN, Mich. — Ford Motor Co. says it will introduce 13 new electric vehicles worldwide by 2020, including an updated Focus sedan that will go on sale late next year.
The new Focus will have fast-charging capability and an estimated 100-mile range, up from 76 miles in the current electric Focus.
Ford also plans to introduce the Mondeo hybrid sedan and the C-Max Energi plug-in hybrid in China next year.
Gentilozzi's F Performance team has a big learning curve
Lexus RC F GT3
The 2016 IMSA WeatherTech SportsCar Championship season will mark a fresh start for the Gentilozzi family as their longtime RSR Racing operation morphs into F Performance Racing for the factory backed Lexus effort in the GT Daytona class.
Announced at SEMA in November, the East Lansing, Mich.-based team will campaign the Lexus RC F GT3 car in the new-look GTD category next year before ramping up to a full two-car, championship-contending effort beginning in 2017.
Valiante and Gilsinger set for 2016 Return with HART Michael Valiante re-joins Chad Gilsinger in the No. 93 Honda Civic Si for the 2016 IMSA Continental Tire SportsCar Challenge championship for the Honda of America Racing Team and HPD. The duo will target success in the ST Class through the ten-round championship that will open at Daytona International Speedway on January 27, 2016.
Building on a record of success that has seen the duo combine for four wins and seven podium finishes in 2013 and 2014, the duo looks to continue the success in 2016. Valiante took a year sabbatical from competing in the IMSA Continental series while focusing and going on to finish second in the IMSA Prototype category.
Ayla Agren's career could have gone in any number of directions given her family's passion for the open waters, but the young Norwegian rode the winds of change along a path of her own – once a surprise encounter led her to motorsports.
Agren's parents, who met at the world championships of windsurfing, had planned to take their two small children on a sailing trip around the world. But a change of plans led to a trip to the Nordic Karting Championships, where a chance encounter with a young, female karting driver changed the family's focus for good.
Michael Cooper Joins Cadillac Racing for 2016 Pirelli World Challenge
Michael Cooper will join Cadillac Racing as a teammate to four-time series champion Johnny O'Connell for the 2016 Pirelli World Challenge Series GT Championship.
Cooper (26) is the 2015 World Challenge GTS driver champion. The driver from Syosset, New York posted four wins and two additional podium finishes in the No. 10 Blackdog Racing Chevrolet Camaro Z28 to win the driver title. Cooper will pilot the No. 8 Cadillac Racing ATS-V.R starting with the season opener at the Circuit of the America's in March.
NextEV ended the 2015 season on a high with one of its duo of drivers, former F1 racer Nelson Piquet Jr., winning the driver's title.
Carmakers are very slow when it comes to electric cars. Volkswagen makes one solitary electric model, as does Mercedes. The Toyota Prius? That's a hybrid. There's extraordinarily little choice if you want an all-electric car -- and there's even less if you want an affordable one that's well below the sizable price tag of the Tesla Model S.
That could all change in 2016, thanks to China's new wave of nerdy automakers. They're globally-oriented start-ups that are looking to leap into the void left by dinosaur juice-obsessed companies.
An added bonus for 2016 -- the Tesla Model 3 is set to debut in March. It's going to be the year of disruptive EV goodness.
Wurz Set for One-Off Finale in Rolex 24 Debut with Ganassi
Alexander Wurz’s first Rolex 24 at Daytona start, confirmed by way of Ford Chip Ganassi Racing releasing its lineup for its two Prototype class entries Tuesday morning, is set to be a one-off event only following his retirement from driving after the FIA World Endurance Championship season finale in Bahrain.
Wurz, 41, was set to retire from driving following the end of this year with Toyota Gazoo Racing and was subsequently named an ambassador and advisor for the team.
Icahn sweetens bid for Pep Boys to more than $1 billion Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1 billion, escalating a bidding war with Bridgestone Corp. for the car-parts chain.
In announcing the proposal on Monday, Icahn Enterprises said it would be willing to pay an even higher price, so long as Pep Boys doesn’t increase the termination fee in its deal with Bridgestone. The automotive retailer agreed to a sweetened, $17-a-share takeover offer from Bridgestone last week, following an earlier bid from Icahn.
Seven-time IMSA Champions and six-time and defending Rolex 24 At Daytona Winners Ford Chip Ganassi Racing (FCGR) announced today that they will field two Prototype (P) class entries at the Rolex 24 At Daytona in 2016. The addition of the No. 01 and No. 02 Ford EcoBoost Prototypes brings the FCGR car count to a team-record four entries for the race after previously announcing a pair of Ford GTs last month. Partnership details and car liveries for the two Prototype entries will be announced at a later date.
Emails show Boston Grand Prix planned as warmup for Boston's Olympic bid
Boston GP was almost just a pawn
Months before Mayor Martin J. Walsh even inked a contract with IndyCar, backers were framing next year’s planned race as an Olympic warmup, calling it a “showpiece” for the Hub’s now-dead bid for the 2024 Games, according to a raft of emails obtained by the Herald.
The pitch was among some of the behind-the-scenes discussions surrounding September’s planned Grand Prix of Boston, as detailed in 900 pages of City Hall emails about the event and released to the Herald yesterday through a public records request.
At this year’s inaugural ArabWheels Awards held in Dubai, UAE, the LaFerrari was honored with the award of 'Hypercar of the Year'.
Commenting on Ferrari’s latest accolade, Issam Eid, Editor-in-Chief of ArabWheels said: "Since the unveiling of LaFerrari at the Geneva Auto Show 2013, this model has been an instant hit for the media and public around the world, with just 499 units produced. LaFerrari continues to receive significant recognition globally and we are proud to have bestowed this model with the ArabWheels 'Hyper Car of the Year' Award here in the Middle East with the support of leading industry automotive Media."
Video: The team behind the Mercedes F1 juggernaut The F1 team you see at the race track is only the tip of the iceberg. There are hundreds of people working behind the scenes to make sure Lewis Hamilton and Nico Rosberg finish the race ahead of their competitors. PETRONAS shows you the unsung heroes of this back to back Championship winning F1 team.
New Chili Bowl gets Pre-Entry Record While barely pushing past last year’s pre-entry record of 330, the close of business on Sunday, Dec. 27 showed 331 entries for the 30th annual Lucas Oil Chili Bowl Nationals presented by General Tire, happening Jan. 12-16, 2016 inside the River Spirit Expo Center in Tulsa, Okla.
With the pre-entry list going above the 330 mark, the official participant record of 326, also set in 2015, is next in line to be toppled. There are currently 306 confirmed drivers.
Force India Mexican F1 driver Sergio Perez has agreed a partnership with the factory-backed TRG-Aston Martin Racing team for next month's Daytona 24 Hours event.
Perez will back the effort for the prestigious endurance race in the United States, with the two cars set to be piloted by his brother Antonio, Ricardo Perez de Lara (no relation), Santiago Creel and Lars Viljoen.
"I'm proud to put this team of strong drivers in the hands of TRG-Aston Martin Racing for one of the biggest sports car races of the year," he said.
The National Motorsports Press Association Hall of Fame is filled with some of the most legendary names in Motorsports history. Last week the 2016 induction class was announced and it’s safe to say that there are going to be a few more legends going into the hall in the upcoming class.
The 2016 induction class will consist of Rick Hendrick, Joe Gibbs and Al Unser. Below is a quick look at some of the accomplishments that allowed for all three of these men to earn their spot in the Hall of Fame.
(GMM) Niki Lauda has denied Bernie Ecclestone's claim about an alleged alliance between top F1 teams Mercedes and Ferrari.
Amid an intensifying political war between the sport's authorities on the one hand and the leading teams on the other, F1 supremo Ecclestone told Auto Motor und Sport recently that there is "an agreement between Mercedes and Ferrari".
"Mercedes even helped Ferrari a bit technically, which is why Ferrari has caught up and they're happy. It means they're both rowing in the same boat," he said.
(Reuters) -- Ferrari North America Inc. is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. notice on Friday.
The recall, which began on Dec. 14, affects up to 185 vehicles manufactured between Sept. 8 and Nov. 11, 2015.
The higher risk of a leak, which increases the chances of fire, was the result of a manufacturing defect in a part provided by a supplier, according to a filing with the National Highway and Traffic Safety Administration.
A little under a month after the 2015 season ended at the Abu Dhabi Grand Prix, Formula 1 posted a roundup of the season in numbers on its website. From these numbers two conclusions can be drawn; F1 uses a lot of tires and Mercedes and its drivers utterly dominated the season.
Including both testing and Grand Prix weekends, the F1 grid used 17,580 sets of tires, totaling 70,320. Of all the figures F1 released, this one is the hardest to wrap your head around. It perfectly captures the massive scale of the series.
Key Ferrari Investors Move to Block Unwanted Buyers
Ferrari NV's two largest investors signed a shareholders' pact that effectively protects the Italian sports-car maker from unwanted suitors
The agreement between Exor SpA, the Agnelli family holding company, and Piero Ferrari, son of Ferrari's founder, will take effect in the first few days of January after the car maker is spun off next month from Fiat Chrysler Automobiles NV. The spinoff ends Fiat Chrysler's 30 years of exclusive control of Ferrari.
Exor and Mr. Ferrari had previously disclosed their intention to sign a shareholders' agreement though no details had been released.
As part of their agreement, Exor and Mr. Ferrari will consult ahead of Ferrari shareholders' meetings with the aim of forming a common stance. In the event Mr. Ferrari wants to sell shares to a third party, Exor will have the right to acquire the stake at the price Mr. Ferrari might have received from a potential buyer.
2016 will be another boring Mercedes parade at the front. That is a given. Mercedes is poised to select Rosberg to be the 2016 champion.
Red Bull Racing boss Christian Horner says it is too unrealistic for any team to consider challenging the dominance of Mercedes in 2016 with the regulations as they are.
With F1 working towards more significant changes to Formula 1 for 2017, next season will see relatively few changes in the technical regulations as a result, while just one existing team (Manor excepted) has amended its driver line-up.
Indeed, Horner doesn't feel there are enough variations to the rules and regulations in 2016 to prevent it from playing out in a similar way to 2015, describing the margin between Mercedes and the competition as 'enormous'.
Video: 2015 IndyCar Season in review A quick review of the 2015 IndyCar Series, including the flying Chevys at Indy, the best IndyCar race ever at Fontana and the needless loss of Justin Wilson due to stupidity.
Video: Nico Rosberg 2015 F1 season review Nico finished the season in second place and played a huge part in securing the back to back Constructors' Championship. Having finished the year on a massive high find out how he feels the 2015 season went.
Ferrari team principal Maurizio Arrivabene wants Formula One to target a younger audience with any regulations changes.
Stakeholders in F1 are working on a new set of regulations for 2017 designed to deliver faster and more aggressive-looking cars, while there is also a push to increase the level of noise from the current power units. Arrivabene believes an effective way to safeguard Formula One's future would be to focus on attracting younger people to follow the sport.
"I think if you are winning races, of course the show is perfect for you," Arrivabene said. "If you are not winning races the show needs improvement. It’s normal.
If you're anything like us, you wonder what accomplished racecar drivers like IndyCar champ and 2013 Indianapolis 500 winner Tony Kanaan drive on a day-to-day basis. We expect they would drive something with a little more gusto than your average civilian's car, and if Kanaan's collection is anything to go by, it looks like we're right.
Motor Trend recently sat down with the 40-year old Kanaan to discuss what's in his garage and his history of car ownership. Currently, Kanaan owns the 2014 C7 Corvette that paced the Indy 500 in 2013 (which was awarded to him following his win), a 2013 Mercedes-Benz C63 AMG Black Series, a 2015 BMW M4 and a 2015 Chevrolet Tahoe.
PR1 Motorsports finalizes Rolex 24 roster Defending Rolex 24 at Daytona PC winners PR1/Mathiasen Motorsports have confirmed a heavily revised driver lineup to defend its crown.
Returning to defend their win is Tom Kimber-Smith who will be joined by Robert Alon for the full WeatherTech Sports Car Championship season, Jose Gutierrez joining for the Tequila Patron North American Endurance Championship (TPNAEC) and Nick Boulle who will complete the driver lineup for the Rolex 24.
Mosing, Foss and Faulkner Complete Rolex 24 At Daytona Driver Lineup Jeff Mosing, Eric Foss and Damien Faulkner will complete the driver lineup in the No. 93 ViperExchange.com Riley Motorsports Dodge Viper GT3-R in next month's Rolex 24 At Daytona where the trio will join previously announced drivers Ben Keating and Gar Robinson and the team in defending this year's GT Daytona (GTD) class victory.
New Can-Am agreement with Ken Block, gymkhana and viral video star BRP has a new agreement with “Gymkhana” viral video star and racing icon, Ken Block. The agreement between the two high-octane brands will bolster the Can-Am authority in the off-road powersports and performance enthusiast industries.
Block, who is a talented World Rally Championship racer, X Games medalist and viral video trailblazer, is now an official ambassador for the Can-Am brand. Block and his Hoonigan team are joining with BRP to highlight the performance capabilities of the Can-Am Maverick side-by-side vehicle.
Russian-born pilot confirmed for second Mazda Road to Indy championship seat
Lastochkin testing at COTA
Cape Motorsports with Wayne Taylor Racing is thrilled to announce that driver Nikita Lastochkin will join the team to compete in the 2016 Cooper Tires USF2000 Championship Powered by Mazda. The young driver from Moscow, Russia, who now resides in Los Angeles, California, had a successful rookie USF2000 season in 2015 and will look to improve on his rookie efforts. Lastochkin earned 12 top-ten finishes throughout the year, including a fifth place finish in the final race at Mazda Raceway Laguna Seca, which capped a very strong second-half run of performance improvement. Nikita will drive the team’s No. 3 entry.
Delaware Office of Highway Safety sponsors NASCAR race The Delaware Office of Highway Safety will be the primary sponsor of the Drive Sober 200 NASCAR Xfinity Series race, which will be held Oct. 1, 2016, at the Dover International Speedway.
This will be the third consecutive year the OHS has served as an entitlement sponsor for the race at the Monster Mile.
Nissan Shutters WEC LMP1 Program too YOKOHAMA, Japan – Nissan has announced that it will withdraw its LMP1 entry from the 2016 FIA World Endurance Championship after earlier withdrawing from IMSA's Weathertech series as well.
The team originally planned to compete in the full 2015 FIA World Endurance Championship but withdrew from the first two races in order to focus on the 24 Hours of Le Mans with the front-engined GT-R LM NISMO.
Mark J. Perrone (L) has some health issues to deal with
The CEO of Boston's IndyCar race, who was indicted by federal prosecutors and pleaded guilty to tax charges in 1999, has moved to a "lesser role," the latest unexpected bump in the Grand Prix-style event set for next fall.
Mark J. Perrone, who has led the controversial plans for the Boston Grand Prix, is no longer handling negotiations with the city and state to hold the race and his organization confirmed the internal leadership changes.
"Mark is still the CEO of the Boston Grand Prix, he has taken a reduced role due to personal health reasons," Sean Flanagan, spokesman for the race promoters, told the Herald in an email.
Boston: IndyCar race executive has long history of tax trouble
"It's not something I'm hiding. I'm fully aware of it; I'm fully out in front of it.' Mark Perrone, promoter of 2016 Boston IndyCar race, on his tax and legal issues
A key promoter of the IndyCar race in the Seaport District of Boston next year has a history of tax problems, including a federal criminal conviction for failing to file personal income taxes, according to public records.
Mark Perrone, the veteran racing executive who has worked for years to stage an IndyCar event in New England, pleaded guilty in US District Court in Boston in 1999 to two counts of willful failure to file timely income taxes in 1991 and 1992, according to court records, and was sentenced to two years probation and a $10,000 fine.
During the 1990s, the Internal Revenue Service and the state of Massachusetts put liens on his home in Ipswich multiple times for unpaid taxes, according to records at the Essex County Registry of Deeds. In 2003, court documents show Perrone was released from liens involving a balance of $323,288 that he owed the federal government for taxes between 1994 and 2000.
Long Beach GP is best overall IndyCar race each season
The annual Grand Prix of Long Beach, Calif., has over its 40 years become one of the country's most successful street races, as well as one of the community's biggest events, now woven into city tradition.
In Baltimore, on the other hand, a brief experimentation with IndyCar beginning in 2011 was marred with complaints, court action, and financial trouble, despite reasonably strong attendance numbers for the races.
Street races can fill hotels and restaurants with tourists and their wallets, according to officials in other IndyCar race towns. But they can also bring inconvenience to residents and businesses near the racecourse, which has to be managed with meticulous planning.
2017 Daytona 500 Race Date a week later A schedule on the U.S. Air Force Thunderbirds' website lists the Air Demonstration Squadron as conducting a flyover of the 59th Daytona 500 on Feb. 26, 2017. Daytona International Speedway spokesperson Andrew Booth confirmed the date of the 2017 race, noting that the Great American Race currently falls on the Sunday after Presidents' Day, which is the traditional race weekend. The Thunderbirds also will be conducting the flyover for the 2016 Daytona 500, which is on Feb. 21. The Thunderbirds' site also lists a March 5, 2017 flyover at Las Vegas Motor Speedway, but track spokesman Jeff Motley said it doesn't have any firm plans for a 2017 flyover. NBC Sports
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