Open Wheel Racing Series LLC Proposes to Acquire CART
Aug 18, 2003
MENLO PARK, Calif., Aug. 18 -- Open Wheel Racing Series LLC today announced that it has delivered to Championship Auto Racing Teams, Inc. (MPH) a proposal to acquire all the outstanding common stock of CART for approximately $.50 cash per share. Open Wheel Racing's proposal was set forth in an offer letter sent to the ... Continue reading
Riverside Motorsports Park Appoints Mike Yurick President & General Manager
Aug 18, 2003
ATWATER, Calif.--Aug. 18, 2003--Riverside Motorsports Park, LLC (RMP) announced today that it has employed Michael Yurick as the motorsports facility's President and General Manager. Yurick's motorsports operational and management expertise spans 35 years, and includes positions as Director of Operations at Indianapoli ... Continue reading
CART Rumors Abound - Going Private?
Aug 16, 2003
Indianopolis IN August 12, 2003; The AP reported that it appears it will be business as usual for Championship Auto Racing Teams for at least a while longer. Teams were making plans for the next race, Aug. 24 in Montreal, and the CART offices in Indianapolis were quiet Tuesday despite a published report of an imminent ... Continue reading
Championship Auto Racing Sees Lousy 2004 and 2005
Jul 22, 2003
NEW YORK, July 22, 2003; Reuters reported that Championship Auto Racing Teams Inc. , an organizer of auto races, on Tuesday said results for the year would be worse than expected because of weak racing fees and advertising sales as well as higher costs, and it does not expect to return to profitability before 2006. Giv ... Continue reading
Terry Borcheller - Mid-Ohio preview
Jun 27, 2003
speedy summer Terry Borcheller continues his fast-paced summer with two races at Mid-Ohio Sports Car Course this week. After a quick stop at home in Phoenix, he'll travel to Lexington, Ohio for a Rolex Sports Car Series race on Saturday evening, followed by a Grand-Am Cup GS race on Sunday afternoon. Borcheller and For ... Continue reading
Jun 16, 2003
INDIANAPOLIS, June 16, 2003;/PRNewswire-FirstCall/ -- Championship Auto Racing Teams, Inc. (CART) today announced its plan to explore strategic alternatives and provided financial guidance for 2003. Exploring Strategic Alternatives The company's management strongly believes in the long range future of the company. Howe ... Continue reading
Jun 5, 2003
INDIANAPOLIS, June 4 -- 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. Andretti ... Continue reading
Alex Zanardi Returns to Lausitz
May 11, 2003
May 11, 2003 Champ Car World Series interview with Alex Zanardi Eric Mauk: It is my great privilege and honor to bring to the stand driver of the # 66 Ford-Cosworth/Reynard/Bridgestone that you saw turn 13 inspirational laps this morning before we got started with the German 500, Mr. Alex Zanardi. Adam Saal: Congratula ... Continue reading
Bourdais wins German 500---Second Straight CART Race
May 11, 2003
May 11, 2003 KLETTWITZ, Germany -- Sebastien Bourdais is proving to be a fast learner. The French CART rookie won his second straight Champ Car race Sunday, holding off Mario Dominguez to capture the German 500. Dominguez was unable to find a way around Bourdais on the 154th and final lap. They drove side by side throu ... Continue reading
Championship Auto Racing Teams Reports First Quarter 2003 Loss
May 6, 2003
INDIANAPOLIS, May 5 -- Championship Auto Racing Teams, Inc. today announced financial results for the first quarter ended March 31, 2003. "We continue to face challenges on many fronts especially in the face of a weak economy and global events," noted Chris Pook, Chief Executive Officer. "However, we have strengthened ... Continue reading
Tracy keeps truckin', wins provisional pole
May 3, 2003
WEST KINGSDOWN, England May 3, 2003; The AP reported that Paul Tracy is on the verge of becoming the first CART driver to win the first four races of the season. Tracy won the provisional pole Saturday for the London Champ Car Trophy, securing a spot on the front row for Monday's race. Tracy turned a fast lap of 37.006 ... Continue reading
Saturday CART Qualifying Report from UK
May 3, 2003
CART points leader Paul Tracy tops first-day Champ Car World Series qualifying on tricky Brands Hatch circuit. BRANDS HATCH, England (May 3, 2003) -- In the last three seasons, nearly 50 percent of the races (30 of 62) in the CART Champ Car World Series have been won by front-row starters -- a fact that is apparently n ... Continue reading
Team Player's Saturday CART Report From UK
May 3, 2003
Last-lap heroics propel Team Player's driver Paul Tracy to provisional pole win in Brands Hatch qualifying. Kent, England, May 3, 2003 As he has done throughout the early part of the Champ Car World Series season, Team Player's driver Paul Tracy demonstrated a flair for the dramatic Saturday in recording the fastest ti ... Continue reading
Team Rahal Saturday Report From UK
May 3, 2003
Jourdain ninth on first day at historic Brands Hatch WEST KINGSDOWN, KENT . . .. Team Rahal's Gigante driver Michel Jourdain Jr. claimed ninth on the provisional grid as the CART Champ Car World Series made its debut on the world famous Brands Hatch track. Jourdain, looking to continue his run of top-five starts in the ... Continue reading
#21 Giaffone, #12 Takagi Motegi Friday Practice
Apr 11, 2003
Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com media information Giaffone Sixth, Takagi 11th as Practice Opens at Twin Ring Motegi MOTEGI, Japan (Friday, April 11, 2003) - Mo Nunn Racing teammates Felipe Giaffone and Tora Takagi opened practice for Sunday's Indy Japan 300 by securing the ... Continue reading
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