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Championship Auto Racing Teams, Inc. Expands Board

3 May 2000

Championship Auto Racing Teams, Inc. Expands Board; Green, Roberts, Tucker New Members Voted in at Annual Meeting

    DETROIT, May 2 Championship Auto Racing Teams, Inc.
(NYSE: MPH), announced today that it has added three members to the company's
Board of Directors, bringing the total number of directors to 12.
    The announcement was made at CART's annual meeting conducted in suburban
Detroit.
    The CART Board was expanded to 12 members with the addition of CART Champ
Car team owner Barry E. Green; MCI WorldCom Chairman Bert C. Roberts; and
Motorola executive Frederick T. Tucker.  Additionally, each of the nine
existing members of the company's Board were re-elected.
    "The addition of Barry Green, Bert Roberts and Fred Tucker will
considerably strengthen our Board of Directors," said Andrew Craig, chairman
and chief executive officer for CART.  "They bring a range of experience that
will be valuable to the Board as we move forward with the implementation of
our corporate strategy."
    Green is president and sole shareholder of Indianapolis-based Team Green,
Inc., which he formed in 1994.  Green's initial season of CART Champ Car
racing was in 1995, when he won the CART season championship as well as the
Indianapolis 500 with Jacques Villeneuve as driver.  Team Green finished the
1999 CART season in second and third place in the points standings.  Team
Green driver Paul Tracy leads the 2000 CART FedEx Championship Series
standings heading into the May 13 Firestone Firehawk 500 at Twin Ring Motegi,
Japan.
    Tucker is president, Semiconductor Products Sector and executive vice
president and deputy to the CEO of Motorola, Inc.  He is a veteran of Motorola
who joined the company in 1965.  Tucker has served in a variety of senior
management positions within the company.  He also has served as a trustee of
Rochester Institute of Technology since 1986.
    At MCI WorldCom, Roberts heads up one of the world's largest
communications companies.  He was named chairman and CEO of MCI in 1992 after
serving as the company's president and chief operating officer since 1985.
Additionally, Roberts serves on the Boards of Directors for Valence
Technology, Inc., Telefonica de Espana, News Corporation Limited, CAPCURE and
Johns Hopkins University.
    In addition to Craig, those re-elected to CART's Board were:  Gerald R.
Forsythe, president of Forsythe Racing and chairman and CEO of INDECK Power
Equipment Company; Chip Ganassi, president and owner of Chip Ganassi Racing
Teams, Inc; Carl A. Haas, CEO of Carl A. Haas Auto Imports and managing
partner of Newman/Haas Racing; James F. Hardymon, who retired as chairman and
CEO of Textron, Inc. in 1999; Bruce R. McCaw, president of PacWest Racing
Group was founder of McCaw Cellular Communications (now AT&T Wireless); U.E.
"Pat" Patrick, a founding member of CART in 1978, president of Patrick Racing
and chairman of the board of Patrick Exploration, Inc.; Robert W. Rahal,
co-owner of Team Rahal, Inc. and three-time CART series champion as a driver;
and Derrick Walker, president and owner of Derrick Walker Racing, Inc.

    Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and
markets the FedEx Championship Series.  Champions Juan Montoya, Michael
Andretti and Jimmy Vasser are among the drivers who battle for the FedEx
Championship Series title on oval circuits as well as temporary and permanent
road courses.  CART also owns and operates its top two development series, the
Dayton Indy Lights Championship and the Toyota Atlantic Championship.  Learn
more about CART's open-wheel racing series at http://www.cart.com.