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Category: Industry News

The racing world loses Oscar Koveleski
Editorials Industry News IndyCar Miscellaneous

The racing world loses Oscar Koveleski

Posted by AR1 staff December 29, 2020

Last night the world lost the man who brought the excitement of car racing to more kids than anyone in history. Like many, as a kid I met Oscar through … Read More

Hot News Industry News

First Gear Project Takes The Checkered Flag

Brian Carroccio January 12, 2015

This past summer, AutoRacing1 did an article on Guy Cosmo's unique crowdfunding idea, First Gear Project. Sadly, Cosmo announced over the weekend that FGP has been discontinued. Below, is a … Read More

Hot News Industry News

Canadian Motor Speedway opens corporate offices

Brian Carroccio December 8, 2014

From Sportsnet.ca — Canadian Motor Speedway investors are making significant progress in discussions with Ontario Provincial Ministries to clear final site plan conditions for Canada’s first world class oval speedway … Read More

Hot News Industry News

OMP Racing names Chris Neuer

September 20, 2011

OMP Racing, Inc., the US subsidiary of OMP Racing srl, is proud to announce that Chris Neuer will be joining our company as of Monday September 19, 2011 in the … Read More

Hot News Industry News

NASCAR Hall marks a year of cuts, losses

May 12, 2011

The NASCAR Hall of Fame, which celebrated its first anniversary Wednesday, said it has attracted 274,000 visitors since opening – second only nationwide to the Baseball Hall of Fame in … Read More

Industry News Rumors

GM receives Gulf Arab, Chinese interest in Hummer buy

June 2, 2009

UPDATE #2 This rumor is upgraded to 'fact' today. General Motors Corp., a day after filing Chapter 11 bankruptcy, has a tentative deal to sell its Hummer brand to Chinese-based … Read More

Hot News Industry News

Automakers must meet 2016 35.5 MPG fleet average

Autoracing1 May 18, 2009

The Obama administration will unveil national tailpipe emissions standards and mileage requirements Tuesday, which will force automakers to dramatically boost the efficiency of vehicles by 2016 to a fleet-wide average … Read More

Hot News Industry News

Bruton Smith’s total pay jumps about 60% at Sonic

Autoracing1 April 11, 2009

As chairman and chief executive of Sonic Automotive, Bruton Smith received more than $4.2 million in compensation last year, a nearly 60 percent increase over 2007. Most of that gain, … Read More

Indy Speedway has big expansion plans
Hot News Industry News

Indy Speedway has big expansion plans

Autoracing1 November 11, 2008

UPDATE #7 Indianapolis Motor Speedway officials are in talks to move their Hall of Fame Museum from the interior of the oval to a spot just outside the south end … Read More

Industry News Rumors

Obama to back auto industry bailout

November 10, 2008

President-elect Barack Obama has indicated he will back the American car industry’s plea for a huge bailout from the US Treasury. Obama is believed to be supportive of a request … Read More

Hot News Industry News

PRI Industry Roundtable

Autoracing1 October 15, 2008

One of the strongest line-up of panelists ever will greet attendees at the PRI Industry Roundtable taking place at the 21st Annual Performance Racing Industry Trade Show, in Orlando, FL, … Read More

Hot News Industry News

While they rape fans ISC profits up 300%

Autoracing1 October 10, 2008

While they continue to rape race fans with high ticket prices, and try to get the poor taxpayers to pay to build new race tracks in various cities (so far … Read More

Hot News Industry News

Kilpatrick loses Penske’s support

Autoracing1 August 30, 2008

Add Roger Penske to the list of prominent people who want Detroit Mayor Kwame Kilpatrick to quit. Penske, a Detroit-area businessman, is on Belle Isle this weekend for Grand Prix … Read More

Industry News Rumors

Dodge Viper could be history at Chrysler

August 27, 2008

The Dodge Viper sports car could be history–at Chrysler LLC. The company said on Wednesday that it is "exploring strategic options for the Dodge Viper business." "This strategic review comes … Read More

Hot News Industry News

Speedway Motorsports earnings up 17%

Autoracing1 August 6, 2008

Atlanta Motor Speedway owner Speedway Motorsports Inc. on Wednesday reported a 17 percent increase in second-quarter earnings to $47 million, or $1.08 a share. The Concord, N.C.-based promoter of motorsports … Read More

Hot News Industry News

Motorsport Construction Opens North Carolina Office

Autoracing1 July 15, 2008

Motorsport Construction, an Indianapolis-based design/build general contractor, has announced the opening of an office in Mooresville, North Carolina. The new office is located in the Talbert Pointe Business Park, at … Read More

Hot News Industry News

Kerkorian offers $170M for Ford stock

Autoracing1 May 10, 2008

UPDATE Top Ford Motor Co. executives were told in early April that billionaire Kirk Kerkorian was interested in investing in the company, according to a document filed this morning with … Read More

Hot News Industry News

SMI showing flat to soft admissions

Autoracing1 May 8, 2008

Like everything in the financial world these days, Speedway Motorsports Inc. is talking about the economy. In discussing its first quarter results from 2008, SMI officials said ticket sales for … Read More

Hot News Industry News

GM slashes truck production by 140K year

Autoracing1 April 28, 2008

General Motors Corp. will cut production by nearly 140,000 trucks a year at four North American plants the automaker announced on Monday. GM is eliminating one shift each at four … Read More

Hot News Industry News

Opec says oil could hit $200

Autoracing1 April 28, 2008

Opec’s president on Monday warned oil prices could hit $200 a barrel and there would be little the cartel could do to help. The comments made by Chakib Khelil, Algeria’s … Read More

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