Category: Industry News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

International Speedway Corp. (ISCA, ISCB.OB), a promoter of motor sports entertainment activities, on Wednesday reported a slight rise in its first quarter, reflecting income from joint venture and higher revenues, … Read More

General Motors Corp. is blowing the proverbial doors off the world's emerging markets — necessary, as Chairman Rick Wagoner would say, but not sufficient. The automaker said Tuesday it booked … Read More

Italian luxury car maker Ferrari, which is part of the Fiat group, sold 6,400 cars in 2007, 14 percent more than in 2006, Italian News Agency ANSA said on Tuesday. … Read More

Toyota Motor Corp President Katsuaki Watanabe said on Sunday the Japanese automaker will launch a diesel-powered Tundra pickup truck and Sequoia SUV in the United States soon, in an about-face … Read More