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IRL/CART: General Motors Q & A on Indy Car Rules

4 August 1999


(In response to news media questions, the following comments are
for attribution to Joe Negri, IRL/Road Racing Group manager, GM
Raceshop Engineering.)

Q: Recently there has been considerable public discussion and
speculation about engine specifications for American open-wheel racing. Has
General Motors participated in meetings with IRL and CART sanctioning body
officials, Nissan and the four CART engine manufacturers - Ford, Honda,
Mercedes-Benz and Toyota - to discuss the potential for a common engine
formula?

A: Yes, we have. But all of the participants have agreed that
these discussions should be confidential, so I am not at liberty to talk
about specific details.

Q: Generally speaking, what is GM's public position on how much
influence engine manufacturers should have on the future of Indy-type
racing?

A: We believe that it's best for racing when sanctioning
organizations independently formulate rules that benefit all of their
various constituencies - race fans, promoters, teams, drivers, sponsors and
manufacturers. Input from all of these groups is important to create a
balanced environment. It can be unhealthy for the sport as a whole when any
one group exerts undue influence on the rules.

Q: What is GM's current commitment to the IRL engine formula?

A: General Motors strongly supports the IRL rules package announced
in November 1998 for the years 2000 through 2004. Through its
Oldsmobile Division, GM has extended its agreement to supply engines for
the IRL series through at least 2001. GM Raceshop Engineering, its
associated engine builders and several IRL teams have already started
development of a naturally aspirated, 3.5-liter version of the IRL Aurora
V8 engine to meet the new rules.

Q: Could the IRL engine formula be changed to make it better?

A: Anything can be improved. The current IRL engine formula was
carefully crafted to balance the often opposing areas of performance,
technology, cost and availability. A free and open market encourages
manufacturers and engine builders to compete on the basis of performance,
reliability, durability, quality, price and service. This type of system
has proven successful for NASCAR, and it has helped re-establish the
importance of independent engine builders, mechanics and aftermarket
suppliers in Indy car racing. Significant changes in IRL engine technical
specifications, pricing or availability requirements could upset this
balance. For instance, changes in IRL engine rules could have a potentially
devastating economic impact on independent engine builders, IRL team owners
and sponsors who have planned and budgeted their programs based on the
expectation that costs would be contained within reasonable limits.

Q: Is there any concern at GM that there is not enough advanced technology
in IRL engines?

A: GM believes that the current IRL engine formula provides a
reasonable middle ground between NASCAR and Formula One. Multi-valve,
overhead cam engines with electronic engine management represent a
technology level similar to our most advanced production engines. They
clearly raise the technology level over NASCAR specifications, while the
general availability of engine components preserves the successful NASCAR
engine distribution system. Limiting engine speed with a rev limiter
considerably reduces the potential for Formula One-level expenses related
to continuous development to make engines run faster in order to produce
more power.

Q: What is GM's position on leasing versus purchasing racing engines?

A: We have first-hand experience with engine leasing through our
previous involvement in CART. We also have extensive experience with series
such as NASCAR in which manufacturers supply major components for engines
that are assembled and owned by teams. We believe that equal access to
engine technology for all competitors is a cornerstone of NASCAR's
long-term success. Based on this experience, we are confident in the
ability of teams and independent engine builders to produce reliable and
competitive engines at reasonable prices. The only issue we see about
buying versus leasing is when leasing is the only option, and it is used to
restrict availability or to prevent teams from working on their own
engines. By having the option to either lease or to buy, sell, rent,
maintain and modify their engines, team owners are in control of their own
destinies. A leasing-only system gives control over production,
distribution, development and pricing exclusively to manufacturers.

Q: What about the issue of protecting GM's proprietary engine technology?

A: We are not concerned about anyone examining and copying GM's current
race engines because we are constantly working on new technology. Any
engine manufacturer that is more focused on copying someone else's
technology than developing their own is always going to be a step behind
the leader. One of the benefits of the IRL's open engine availability is
that we have been able to learn things from the independent engine builders
even as they have learned things from us.

Q: Can a manufacturer learn more about production engine technology when
there are fewer restrictions on the level of technology used in their
racing engines?

A: Not necessarily. It is important to General Motors for both engineering
and marketing reasons that the rules allow our vehicle divisions to base
their motorsports programs on the basic architecture of GM production
engines. Recognizing that the rules in every major form of motorsports
impose some restraints on technology and costs, GM supports rules that
encourage manufacturers to produce engines which are relevant to their core
business.

Q: Would GM welcome the opportunity to compete against
additional manufacturers?

A: Yes, but not at inflated costs. GM carefully evaluates the
cost/value relationship of all of its programs. We are constantly looking
for the best return on investment. You don't automatically get twice as
much value from a program that costs twice as much. The current IRL engine
formula provides a good return on investment for GM. If there were rule
changes that resulted in a substantially higher cost structure without a
comparable rise in value, we would have to re-evaluate our program.

Q: Can the overall popularity of Indy car racing be improved through
changes in technical rules?

A: By itself, an agreement on technical rules would not address all
pressing concerns, such as attendance and television ratings. For example,
rule changes that don't adequately address cost containment could drive up
the cost of competition without necessarily improving the popularity or
marketability of open-wheel racing.