1978 INDY 500 Co-Rookie of the Year Rice Dies At 63
Rice raced with the United States Auto Club for 24 seasons, taking the green flag in more than 650 feature events.
WIX Filters Extends Lap Leader Award Program to NASCAR Camping World Series East and West
Contingency program to award $43K to race teams during 2009 and 2010 seasons.
IndyCar Series Restructures Earnings Distribution; 500 Winner’s Payout to Increase
The IndyCar Series this week announced a restructuring of its earnings distribution, designed to provide a financial foundation for new and existing teams committed to running the entire IndyCar Series schedule. Beginning in 2008, the program, called IndyCar TEAM: Team Enhancement and Allocation Matrix, will award a minimum of $1.2 million to each car entered to compete the entire season, including the Indianapolis 500. By implementing IndyCar TEAM, the Indy Racing League will dissolve its existing event purse formula.
Indy Pro Series Increases Purse 24 Percent for 2007
Indy Pro Series teams and drivers will compete for nearly $4 million in 2007, a 24 percent increase over 2006, league officials announced Jan. 8. The total payout includes more than $3.7 million in event prize money plus additional money from contingency awards.
Car Buzz Shifts to South: A GM-Nissan Alliance Would Spark Nashville
A Tale of Two Cities is emerging in the U.S. automotive industry. Detroit, once the proud capital, has been struggling to maintain leadership, bleeding jobs, investment and power to the South, where foreign rivals have been setting up shop for more than two decades. At the center of this shift, an exuberant, welcoming Nashville is turning over dirt throughout its hillsides, readying to build itself as the heart of what some call the new domestic auto industry: One that is foreign-owned and thrives, without the challenge of unions, retirees or decaying brand names.
NASCAR CEO George Pyne Shifts Gears
Milford’s George Pyne is switching gears. After a very successful 10-year run at NASCAR, Pyne confirmed yesterday that he is stepping down as the CEO for stock car racing’s governing body to become the president of IMG Worldwide, Inc, the sports marketing company announced this week.