Delphi Continues Relationship with Hendrick Motorsports for 2004
Delphi is continuing its relationship with Hendrick Motorsports by becoming a major associate sponsor of the No. 5 Chevrolet in the NASCAR NEXTEL Cup Series, beginning this weekend with the Daytona 500 in Daytona Beach, Fla. The sponsorship is in association with Kellogg’s for the No. 5 NASCAR driven by two-time Winston Cup champion Terry Labonte.
Delphi’s Rodney O’Neal Elected to Goodyear Board
Rodney O’Neal, president of Delphi Corp.’s dynamics, propulsion, thermal and interior sector, has been elected to Goodyear’s board of directors. O’Neal, a 33-year veteran of the auto industry, was elected a Delphi vice president and president of its interior systems business when the auto parts maker was incorporated in 1998. Delphi was spun off from General Motors Corp. in 1999. He was named executive vice president and president of Delphi’s Safety, Thermal and Architecture Sector in 2000.
International Speedway Reports Fourth Quarter And Year-End Results
International Speedway Corp. (ISC) has reported results for the fourth quarter and year, which ended on Nov. 30, 2003. Total revenue for the 2003 fourth quarter was $164.7 million, compared to $171.7 million in 2002. Operating income for the fourth quarter was $56.5 million compared to $65.3 million for the prior year. Net income was $31.6 million, or $0.60 per diluted share, compared to $37 million, or $0.70 per diluted share, in the fourth quarter of 2002.
Legendary Engine Builder Pat Musi Joins Edelbrock
Pat Musi, a championship auto racer and 30-year performance specialist, has been hired as a product development consultant for aftermarket performance product manufacturer Edelbrock Corp. In this new role, Musi will focus on nitrous systems, as well as racing cylinder heads and high-horsepower EFI products. Described as “one of the most intimidating and influential doorslammer racers in the country,” Musi opened Pat Musi Performance in Carteret, NJ, in 1969 at the age of 18. That same year he started his racing career, which includes several Pro Street world championships (including four straight from 2000-2003) and records.
Jack Roush Named First Recipient of SKF X-Tracker Award
Jack Roush, CEO of Roush Industries and owner of the Roush Racing Team, has been named the first recipient of the SKF X-Tracker Award. The international award recognizes an individual who has achieved success in the face of extreme challenges or adversity. SKF selected Roush as the first X-Tracker Award recipient due to his legendary success in the automotive and racing industries and his perseverance through his recovery from life-threatening injuries sustained in a 2002 airplane crash.
Four CART Board Members Resign
James Hardymon, James Henderson, Rafael Sanchez and Frederick Tucker have resigned from the Championship Auto Racing Teams (CART) board of directors, leaving President and CEO Christopher Pook as the sole member of the board. Their resignations come after the recent news that CART’s assets of would be bought out by Open Wheel Racing Series LLC, following a failed merger attempt between the two racing organizations.
Roush Acquires Mountune Racing
As part of its strategy to expand its European engineering operations Roush has acquired England-based Mountune Racing Limited. The company said this acquisition will also address the growing demand for small-displacement, high-performance engines in the U.S. Mountune Racing will become a wholly owned division of Roush, and will be located within Roush’s Brentwood, England, facility.
Johnson Controls Renews Sponsorship of Rocketsports Racing in Champ Car World Series
Johnson Controls is continuing its sponsorship of Lansing, Mich.-based Rocketsports Racing in the 2004 Champ Car World Series. Brian Kesseler, group vice president and general manager of customer business units for the automotive group of Johnson Controls, and Rocketsports team owner, Paul Gentilozzi announced their return to the premier open-wheel racing series with plans for the upcoming season.