Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
Xtrac announces discounts for IndyCar Series teams
Xtrac, the exclusive gearbox supplier of the IndyCar Series, is responding to the global economic downturn by passing on reduced prices – more than 50 percent in one case – to teams for the 2009 season.

The end-of-season price review was waived, and the service charge for the Assisted Gearchange System (pneumatic paddle shift system) has been cut by more than half. Further savings will be forthcoming with an extended AGS service life and the ’09 software update at no cost. The AGS enables gearshifts to be made to Xtrac’s gearbox by using shift paddles mounted on the rear of the steering wheel.

“We have been a part of the IRL formula since 2000, and we are willing to share in the pain of the economic crisis,” said Peter Digby, Xtrac’s managing director. “In some cases, we will be offering savings of over 15 percent plus reduced AGS service costs and intervals. This is a big step.”

A current 7.5 percent volume discount for spare gearbox parts COD orders will be expanded May 1 to between 7.5 percent and 15 percent for a range of gearbox consumables, including gear ratios and dog rings.

“I think it shows what a great partner the Indy Racing League has in Xtrac,” said Brian Barnhart, president of competition and operations for the sanctioning body. “In these economic times, to help reduce the costs of participation in the IndyCar Series is quite a gesture on their behalf.”

In December, chassis supplier Dallara Automobili reduced prices on parts by 8 percent to 20 percent.

Hot News Archives
2000 2001 2002 2003

Search Hot News
Search Help
AutoRacing1 Inc. BBB Business Review