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Motor racing - 11 Sep 2003
INDIANAPOLIS - SEPTEMBER 10, 2003 – Championship Auto Racing Teams, Inc. (NYSE: MPH) and Open Wheel Racing Series LLC today announced they have signed a definitive agreement providing for Open Wheel Racing Series to acquire Championship for cash equivalent to $0.56 per share, based on the number of shares of Championship common stock currently outstanding. Open Wheel Racing Series has previously stated that, if the transaction is completed, it intends to continue to operate the business of Cham
Motor racing - 02 Sep 2003
DENVER — MotoRock LLC has signed a multi-year agreement to become title sponsor of the Trans-Am Series for the BFGoodrich Tires Cup. The Series will now be known as the MotoRock Trans-Am Tour for the BFGoodrich Tires Cup. The agreement is a continuation of MotoRock’s title sponsorship of the MotoRock Mile High 100, part of the Centrix Financial Grand Prix of Denver. The announcement was made in Denver by MotoRock Chairman and CEO Jamie Rose, Trans-Am Series principal Paul Gentilozzi and Trans-Am
Motor racing - 28 Aug 2003
(August 26, 2003 - CHARLOTTE, NC) Team Sports Entertainment, Inc. (NASDAQ: TSPT.OB) announced today, effective immediately, it has discontinued its efforts to develop, own, operate and sanction an automotive racing league.
Motor racing - 26 Aug 2003
INDIANAPOLIS – August 24, 2003 – Championship Auto Racing Teams, Inc. (NYSE: MPH) announced today that its Board of Directors has instructed Management to continue negotiating with Open Wheel Racing Series LLC with respect to all terms related to a possible acquisition of Championship. As previously disclosed, last week Championship received a proposal from Open Wheel Racing Series of $0.50 a share for all outstanding shares of the company.
Motor racing - 19 Aug 2003
Championship Auto Racing Teams, Inc. (NYSE: MPH) announced today that it has received a proposal from Open Wheel Racing Series to enter into a letter of intent contemplating the acquisition of all of the outstanding shares of CART for approximately $.50 cash per share.
Motor racing - 12 Aug 2003
Championship Auto Racing Teams, Inc. (NYSE: MPH) announced today financial results for the second quarter ended June 30, 2003 and detailed several changes in its business model arising from the significant challenges presently facing the corporation.
Motor racing - 23 Jul 2003
INDIANAPOLIS, July 22 /PRNewswire-FirstCall/ -- Championship Auto Racing Teams, Inc. (CART) (NYSE: MPH) today updated its financial guidance for 2003 and the outlook for 2004.
Motor racing - 17 Jul 2003
As B·A·R prepares to celebrate its home Grand Prix, the team is delighted to announce a long-term partnership agreement with Chinese internet portal SINA, one of the leading online media information service providers for China and global Chinese communities. The partnership, which represents a substantial sponsorship of a Formula One team by a Chinese company, commences with effect from this weekend’s British Grand Prix at Silverstone.
Motor racing - 17 Jul 2003
Tiger Telematics have tied up a multi-million dollar deal with Jordan Grand Prix. Jordan will carry the Gametrac logo on both of their EJ13 cars at the British Grand Prix at Silverstone this weekend and then for the whole of the 2004 season.
Motor racing - 03 Jul 2003
LONDON, 3rd July 2003: - Jordan Grand Prix announced that it has concluded an agreement with Piaggio that will see the UK's scooter market leader become the Official Scooter Supplier to the Jordan Ford Formula One Team for the 2003 season.
Motor racing - 01 Jul 2003
Tuesday 1 July 2003 - British motor racing is going to be revitalised by a major new series featuring V8-engined, 550 bhp rear wheel drive racing saloon cars in 2004. The all-new SCV8 Supercar Championship will bring fresh momentum to major race meetings up and down the country and is sure to be a massive hit with race fans and new audiences alike.
Motor racing - 19 Jun 2003
The National Association for Stock Car Auto Racing (NASCAR) today announced that Nextel Communications will become the title sponsor of NASCAR's premier national series - and one of America's most popular sports.
Motor racing - 16 Jun 2003
Championship Auto Racing Teams, Inc. (CART) (NYSE:MPH) today announced its plans to explore strategic alternatives and provided financial guidance for 2003.
Motor racing - 10 Jun 2003
BLOOMFIELD HILLS, MICHIGAN June 9, 2003 – Sports Management Network, Inc. motorsports consulting division SMN Motorsports announced today that it has successfully brought together Penske Racing, Inc. and Quicken Loans Inc. through a unique racing sponsorship agreement. The sponsorship, that is a mutli-tiered marketing and business development agreement, is designed to leverage the platform of IndyCar racing to drive business and brand awareness for Quicken Loans, the nation’s leading online mor
Motor racing - 05 Jun 2003
Racing legends Mario Andretti and CART Champ Car co-founder U.E. 'Pat' Patrick will relinquish their positions as members of the Championship Auto Racing Teams, Inc. Board of Directors next month, although both plan to stay involved in the sport they have helped define for five decades.
Motor racing - 22 May 2003
The European Minardi Cosworth Formula One team will formally announce later today that commercial partner, Trust International, has increased its financial backing of the team, to become a main sponsor. As a result, the Minardi PS03 chassis driven by Jos Verstappen and Justin Wilson will carry a bold new livery commencing at the forthcoming Monaco Grand Prix.
Motor racing - 09 May 2003
Toyota Motorsport GmbH has today announced that Toyota has signed a sponsorship agreement with Karcher, the global manufacturer of cleaning systems, to become a partner of Toyota's Formula 1 team, Panasonic Toyota Racing.
Motor racing - 06 May 2003
INDIANAPOLIS, May 5 /PRNewswire-FirstCall/ -- Championship Auto Racing Teams, Inc. (NYSE: MPH) today announced financial results for the first quarter ended March 31, 2003.
Motor racing - 17 Apr 2003
Officials from Firestone and Nazareth Speedway announced on April 16 that Firestone has extended its title sponsorship of the IRL IndyCarTM Series event at Nazareth for the next three years and that Michael Andretti will serve as Grand Marshal of the Firestone Indy 225 on Aug. 24.
Motor racing - 16 Apr 2003
Team Sports Entertainment, Inc. (NASDAQ: TSPT.OB) through its wholly owned subsidiary, Team Racing Auto Circuit (TRAC), announced today that it has reached a multi-year agreement with ESPN to be the exclusive network for all TRAC races beginning in May of 2004. The two companies have been in negotiations for over a year on the deal, and TRAC National Spokesman and stock car racing legend, Cale Yarborough, stated, 'ESPN made stock car racing what it is today. They are the perfect partner for us
Motor racing - 28 Mar 2003
London, UK; 27 March 2003:- Octagon Motorsports UK confirmed today that Andrew Waller has been appointed Managing Director with immediate effect. Waller will replace interim Managing Director, Michael Browning, who will remain as a consultant to the division.
Motor racing - 24 Mar 2003
Two meetings into the year the new look Australian Motor Racing Commission (AMRC) is working well under the guidance of new chairman Mr Chris Hones.
Motor racing - 11 Mar 2003
Having made a successful return to the Miami market with the Champ Car World Series in 2002, Championship Auto Racing Teams, Inc. (NYSE: MPH) ensured the long-term future of the Grand Prix Americas event today when it acquired Raceworks LLC, the Miami-based company that was the promoter for last season’s successful race.
Motor racing - 07 Mar 2003
Western Union, a worldwide leader in money transfer services, today announced an important new sponsorship agreement with the BMW WilliamsF1 Team.
Motor racing - 25 Feb 2003
The FIM Endurance World Championship has announced that Fisherman’s Friend, the international lozenge brand, has renewed its 'Associate Sponsor' agreement for the forthcoming year.
Motor racing - 21 Feb 2003
PUMA® AG and Panasonic Toyota Racing today announced that Puma AG will become the Formula One team's official supplier of driver and crew footwear. In addition, Puma will supply refuel team shoes and race-and test-team travel shoes.
Motor racing - 13 Feb 2003
In 2003 Octagon Motorsports UK will spend £7.5 million on a series of construction projects across the five circuits controlled by the company.
Motor racing - 12 Feb 2003
The Panoz Motor Sports Group, promoter of some of the world¹s most successful professional sports car racing events, has joined with the event organizers that presented last year's successful auto racing event in Washington, D.C., to create a management 'superteam' for the second annual Cadillac Grand Prix of Washington, D.C.
Motor racing - 10 Feb 2003
Champ Car and Iowa-based Featherlite, Inc. announced today the extension of their relationship through 2003, a partnership that originally began in 1995.
Motor racing - 29 Jan 2003
MRS 2000 Limited is pleased to announce that Hanjin Shipping has renewed its partnership agreement with the Mild Seven Renault F1 Team.
Motor racing - 22 Jan 2003
Entertainment marketing agency RPMC Europe Ltd. has signed a six-figure deal this week with ISC (International Sports Communications) to raise the standard of VIP hospitality & travel packages for all fourteen locations on the World Rally Championship (WRC) calendar in 2003.
Motor racing - 22 Jan 2003
Since its meeting with the Formula One team principals on 15 January, the FIA has held two meetings with the teams’ technical directors. Today, at the second of these meetings, independent electronics experts and the teams’ own electronics specialists were present. After discussion of the financial and other effects of the measures announced on 15 January, the FIA informed the teams it intended to implement these measures as follows:
Motor racing - 16 Jan 2003
Despite the disappearance of two Formula One teams in the past twelve months, nothing has been done to save money. Last October, the Formula One teams rejected all the FIA’s cost-saving proposals. The teams themselves have had several meetings, but produced nothing.
Motor racing - 06 Jan 2003
Japan Race Promotion and Eborn & Associates International are now considering offers for broadcasting and other rights to the Formula Nippon Championship from 2003 onwards.
Motor racing - 19 Dec 2002
INDIANAPOLIS (December 18, 2002) - Championship Auto Racing Teams, Inc. (NYSE: MPH) announced today that David Clare will be joining the company in the newly-created position of Chief Operating Officer when it reopens for business following its traditional holiday break on Monday, January 6.
Motor racing - 17 Dec 2002
PORTLAND, Ore. (December 16, 2002) - In a renewed commitment to the city of Portland and the race fans in the Pacific Northwest, Championship Auto Racing Teams President and CEO Christopher R. Pook announced today that CART will continue its annual Bridgestone Presents The Champ Car World Series Powered by Ford event in the Rose City through 2005.
Motor racing - 10 Dec 2002
Staying ahead of the pack means presenting yourself as a leader and innovator. Siemens realizes this and Ray Evernham has proven himself in this role as a premier NASCAR Winston Cup Team Owner.
Motor racing - 28 Nov 2002
Today Octagon Motorsports announced that retail sales for its gift experiences had grown by 50% in 2002. Octagon Motorsports retail brand, FirstPlace 4, has reported a 500% increase in direct sales and High Street retail sales are up by more than 62%.
Motor racing - 26 Nov 2002
INDIANAPOLIS (November 25, 2002) - Championship Auto Racing Teams, Inc. (NYSE: MPH) today announced that the Rockingham 500 event, scheduled for May 3-4, 2003 in Corby, England, has been removed from next season's Bridgestone Presents the Champ Car World Series Powered by Ford schedule.
Motor racing - 21 Nov 2002
The Indianapolis Motor Speedway has appointed T & R Enterprise Solutions Limited of Windsor, England, as its official international marketing representative, IMS officials announced Nov. 20.
Motor racing - 12 Nov 2002
Octagon Motorsports has appointed Andrew Waller as its new Sales and Marketing Director from December 2 this year.
Motor racing - 06 Nov 2002
INDIANAPOLIS, Tuesday, Nov. 5, 2002 - Tony George, president and chief executive officer of the Indianapolis Motor Speedway and the Indy Racing League, announced a series of management changes and promotions Nov. 5.
Motor racing - 01 Oct 2002
Rockingham is pleased to announce today the appointment of Ashley Pover as Chief Executive of Europe's fastest motor racing circuit. Ashley will take over the day to day running of Britain's newest international sporting facility from outgoing CEO David Grace, who announced in July that he was leaving in the autumn, having achieved his goal of getting Rockingham 'up and running', to pursue a career in other areas of the motor sport industry.
Motor racing - 30 Sep 2002
International Speedway Corporation (ISC) (Nasdaq/NM: ISCA; OTC Bulletin Board: ISCB), a leading promoter of motorsports activities, today announced the company and related subsidiaries have entered into strategic, long-term marketing agreements with Gatorade Thirst Quencher running through 2008. The deal is considered the single largest marketing partnership in ISC history.
Motor racing - 30 Sep 2002
RM plc today announced its co-sponsorship of Triple Eight Race Engineering, competing in the British Touring Car Championship, for another season.
Motor racing - 27 Sep 2002
Indianapolis Motor Speedway (U.S.), Friday 27th September 2002 - Following Ford Motor Company's three-month review of its Formula One activities, Group Vice President, Richard Parry-Jones, last week presented the recommendations to Ford's senior management in Dearborn, U.S. The aim of the review was to understand exactly what is required to accelerate the competitiveness of Ford's Jaguar Racing team and finding better ways of leveraging Ford Motor Company's presence in Formula One.
Motor racing - 12 Sep 2002
Oxford, UK, September 12, 2002. WilliamsF1 today announced that Accenture is extending its sponsorship of the BMW WilliamsF1 Team until 2005 and providing the team with additional business consulting services.
Motor racing - 28 Aug 2002
Legendary race car driver, Mario Andretti, has been named to the Board of Directors of auto racing sanctioning organization Championship Auto Racing Teams, Inc (NYSE:MPH).
Motor racing - 05 Aug 2002
Chip Ganassi Racing with Felix Sabates announced today that Coors Brewing Company has extended their contract as primary sponsor of the No. 40 Dodge Intrepid R/T driven by Sterling Marlin.
Motor racing - 31 Jul 2002
Mosport is pleased to announce that mail2web.com - a brand of SoftCom Technology Consulting, Inc. signed as title sponsor of the Grand Prix of Mosport featuring the American Le Mans Series August 16, 17 & 18, 2002.