Study: Motorsports industry contributes 23,000 jobs
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
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Miles faces tough challenge in reversing IndyCar’s fortunes
The new CEO of Hulman & Co. gets an early vote of confidence from sponsors of open-wheel racing.
Speedway, IndyCar owner names Miles as new CEO
Hulman & Co., which owns Indianapolis Motor Speedway and the IndyCar series, has chosen board member and local economic development leader Mark Miles as its new CEO, the firm announced Tuesday morning.
Belskus to serve as interim IndyCar CEO after Bernard’s exit
Jeff Belskus, the president of Indianapolis Motor Speedway, and the president and CEO of Hulman & Co., will step in as interim CEO of the IndyCar Series, replacing Randy Bernard.
Bernard ousted as CEO of IndyCar, sources say
IndyCar Series owners have fired CEO Randy Bernard, sources familiar with the situation told IBJ on Friday afternoon. IndyCar officials are denying the firing.
George cites conflict of interest in resigning from Hulman board
IndyCar founder Tony George resigned Friday from the Hulman & Co. board of directors, citing a conflict of interest in his recent attempt to reacquire the series.
George reportedly submits offer to buy IndyCar
Tony George has offered a seven-figure cash proposal to take over operations and assume future losses for the IndyCar Series.
IndyCar denies getting offer from George to buy series
The Sports Business Journal is reporting that former Indianapolis Motor Speedway CEO Tony George has assembled an investor group that includes race team owners Chip Ganassi, Roger Penske, Michael Andretti and Kevin Kalkhoven to buy the IndyCar Series.
Founder of Hoosier Racing Tire dies at 85
Robert Newton, 85, the founder of northern Indiana-based Hoosier Racing Tire, which made tires for NASCAR and other racing series, has died.
IndyCar exploring tire options beyond Firestone
IndyCar said Tuesday it is exploring partnerships with tire manufacturers besides Bridgestone Firestone, which has been the sole supplier for the series and under contract through the 2014 season.
IndyCar may return open-wheel racing to Pocono
The 2013 IndyCar Series schedule could include a date at Pocono Raceway in Long Pond, Pa., a traditional NASCAR stronghold that hasn’t hosted an open-wheel race in 23 years.
Rain threatens weekend activities, including big NHRA race
Officials say they hope the aftermath of Hurricane Isaac won’t force them to postpone weekend festivities at Lucas Oil Raceway. Another big weekend event, Rib Fest America at Military Park, will be held rain or shine, promoters say.
Kellogg’s rolls out IndyCar-branded cereal nationwide
Direct-to-consumer marketing of star drivers could be just what the series needs to boost interest, TV ratings.
Brickyard 400 profitable despite falling crowds, experts say
Despite sharp attendance declines in recent years at the Brickyard 400, the NASCAR event remains hugely profitable for the Indianapolis Motor Speedway, motorsports industry experts say.
Lotus may leave IndyCar one year into five-year deal
Group Lotus Plc is considering leaving the IndyCar Series as an engine supplier at the end of this season—its first as a part of a five-year deal it signed last year to supply turbo engines to IndyCar teams.
Ron Howard to lead Brickyard 400 field in pace car
Indianapolis Motor Speedway officials announced Friday that the Oscar-winning director would lead the field before the July 29 race at the storied 2.5-mile track.
MORRIS: Young racers aspire to big league
USAC’s quarter-midget racing is a popular sport worth your attention.
IndyCar seeks presenting sponsor, bigger schedule
IndyCar Series officials have approached two of its existing sponsors, Verizon Wireless and Firestone, about becoming the open-wheel race series’ presenting sponsor, a deal motorsports business experts said could be worth $3 million annually.
IndyCar cancels China race, scrambles for replacement
Series now needs another race to fulfill sponsor agreements. Sources say a replacement race at Pocono Raceway or Elkhart Lake, Wis., is possible.
Racing simulator lands real tax break for two-seaters
Legislature agreed to extend to Indy Racing Experience the same sales-tax exemption enjoyed by race teams.