News By Topic: Championship Auto Racing Teams

Open Wheel Racing Series Not Concerned about IRL Non-Disclosure Agreement

Jan 14, 2004

OPEN WHEEL RACING SERIES, LLC FOR IMMEDIATE RELEASE CONTACT: Wendy Gabers Phone: 517-337-2600 OPEN WHEEL RACING SERIES NOT CONCERNED ABOUT IRL NON-DISCLOSURE AGREEMENT LANSING, Mich. (Jan 14, 2004) ­ Open Wheel Racing Series, LLC (³OWRS²) partners today indicated that they are not concerned by the information that t ... Continue reading

CART Racing Closing - Ford Picks Another Winner!

Jan 13, 2004

DETROIT January 12, 2004; Sharon Silke Carty writing for Dow Jones reported that the company that once listed Mario Andretti, Emerson Fittipaldi and Cristiano da Matta as its race car drivers said Monday that its board of directors has resigned and it plans to close up operations soon. Championship Auto Racing Teams In ... Continue reading

Johnson Controls Renews Sponsorship of Rocketsports Racing in Champ Car World Series

Jan 6, 2004

DETROIT, Jan. 6 -- Johnson Controls today announced its continued sponsorship of Lansing, Michigan-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, ... Continue reading

Bankruptcy Court Approves Procedures for CART Asset Sale Based on Open Wheel Racing Proposal

Jan 4, 2004

OPEN WHEEL RACING SERIES, LLC CONTACT: Wendy Gabers Phone: 517-337-2600 BANKRUPTCY COURT APPROVES PROCEDURES FOR CART ASSET SALE BASED ON OPEN WHEEL RACING PROPOSAL LANSING, Mich. (Jan 3, 2004) ­ U.S. Bankruptcy Judge Frank J. Otte made several definitive decisions Tuesday, Dec. 30, as he approved the procedure submit ... Continue reading

Road America: CART Breached Contract

Dec 19, 2003

Grand Prix of Road America Remains on Schedule ELKHART LAKE, Wis., Dec. 18 -- Road America has notified CART that CART breached its 2004 sanctioning agreement when it attempted to assign its non-transferable contract with Road America to the Open Wheel Racing Series (OWRS), according to George Bruggenthies, president a ... Continue reading

Open Wheel Racing Completes CART Asset Purchase Agreement

Dec 16, 2003

OPEN WHEEL RACING SERIES LLC CONTACT: Wendy Gabers Phone: 517-337-2600 OPEN WHEEL RACING COMPLETES CART ASSET PURCHASE AGREEMENT LANSING, Mich. (Dec. 15, 2003) ­ Open Wheel Racing Series, LLC (³Open Wheel²) has completed its negotiations with CART, Inc. and Championship Auto Racing Teams, Inc. to purchase specific a ... Continue reading

SAFER WALLS AT PIR

Dec 10, 2003

FOR IMMEDIATE RELEASE CONTACT: Mike Prusinski December 9, 2003 602-252-3833 SAFER WALLS ADDED TO LIST OF FACILITY IMPROVEMENTS PIR is one of just six tracks to have safety barriers installed heading into 2004 PHOENIX, AZ -- Phoenix International Raceway president Bryan R. Sperber announced today that installation of th ... Continue reading

Championship Auto Racing Teams, Inc. Announces that Conditions of the Proposed Merger with Open Wheel Racing Series Are Not Likely to be Satisfied

Dec 3, 2003

INDIANAPOLIS, Dec. 2 -- Championship Auto Racing Teams, Inc. ("Championship" or "Company") (BULLETIN BOARD: CPNT.OB) announced today that representatives of Open Wheel Racing Series ("OWRS") informed the company that OWRS believes that a number of conditions of the pending merger between the parties will not be satisfi ... Continue reading

Open Wheel Racing Announces Alternative Proposal

Dec 3, 2003

OPEN WHEEL RACING SERIES LLC CONTACT: Wendy Gabers Phone: 517-337-2600 OPEN WHEEL RACING ANNOUNCES ALTERNATIVE PROPOSAL LANSING, Mich. (Dec. 2, 2003) ‹ Open Wheel Racing Series LLC (³OWRS²) today announced that it proposed to Championship Auto Racing Teams, Inc. (OTCBB: CPNT.OB) (³Championship²) that it acqui ... Continue reading

Dover Motorsports Subsidiary Assigns Rights to Grand Prix of St. Petersburg to CART

Dec 1, 2003

February 2004 Event to be Rescheduled DOVER, Del., Dec. 1 -- Dover Motorsports, Inc. today announced that its wholly owned subsidiary, Grand Prix Association of Long Beach, Inc. ("Grand Prix"), has reached an agreement with CART, Inc. to transfer to CART certain assets and rights that Grand Prix has relative to the org ... Continue reading

Championship Auto Racing Teams, Inc. Announces a Special Meeting of its Stockholders

Nov 20, 2003

INDIANAPOLIS, Nov. 19 -- Championship Auto Racing Teams, Inc. ("Championship") (BULLETIN BOARD: CPNT) announced today that it will hold a special meeting of its stockholders, at which it will ask stockholders to vote to adopt the previously announced merger agreement with Open Wheel Racing Series LLC. The meeting is sc ... Continue reading

2003 TEAM RAHAL TO PROVIDE ATLANTIC TEST FOR CHAMP CAR STARS OF TOMORROW CHAMPIONS

Nov 17, 2003

If the following text-only file is not easily readable, particularly any tables of numbers, try enlarging this window since every line has a forced end and there is no word-wrap. Otherwise, this report will look and print better from the following PDF file: http://www.sportssystems.com/applib/PDFload.cfm?file=/email /f ... Continue reading

2004 Cart Champ Car World Series Calendar Announced

Nov 13, 2003

INDIANAPOLIS, Nov. 13 -- CART Champ Car announced its 2004 schedule Thursday morning, unveiling a challenging slate of races for the Bridgestone Presents the Champ Car World Series Powered by Ford tour that again makes up the most diverse test in racing as drivers will face street circuits, temporary and permanent road ... Continue reading

CART Updates Status of Proposed Merger with Open Wheel Racing Series

Nov 10, 2003

INDIANAPOLIS, Nov. 10 -- Championship Auto Racing Teams, Inc. ("Championship") (BULLETIN BOARD: CPNT.OB) announced today that last Thursday, November 6, 2003, it received the comments of the Securities and Exchange Commission's ("SEC") to its preliminary proxy statement relating to the proposed merger with Open Wheel R ... Continue reading

International Speedway Files Complaint For Declaratory Relief Against CART, Inc.

Nov 4, 2003

DAYTONA BEACH, Fla., Nov. 4 -- International Speedway Corporation ("ISC") (BULLETIN BOARD: ISCB) today announced 88 Corp., a wholly owned subsidiary of ISC and parent of The California Speedway Corporation, owner of California Speedway ("Speedway"), filed a Complaint for Declaratory Relief with the U.S. District Court, ... Continue reading