Carmel-based team is building a 12,000-square-foot addition at its headquarters that will house a state-of-the-art machine shop outfitted with high-tech milling machines manufactured by Indianapolis-based Hurco Cos.
Florida-based CV Sports Marketing Inc. alleges in a lawsuit that the IRL and Indianapolis Motor Speedway could owe millions of dollars in fees relating to its role in landing Izod as a title sponsor.
IndyCar Series and Indianapolis Motor Speedway officials are working on a deal with California-based Mattel Inc. to build a life-size Hot Wheels track in the Speedway’s infield in conjunction with the centennial running of the Indianapolis 500 this May.
Indianapolis-based Just Pop In signed a multiyear deal with the racing series.
Open-wheel series leads resurgence in sponsorship dollars flowing to racing circuits, venues and teams.
Open-wheel race series signs three-year sponsorship pact with Dallas-based Global Corporate Alliance.
Butler basketball leads list of top sports stories of the year.
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
On Monday, Roger Penske's IndyCar team said Izod will become the primary sponsor for the No. 6 car, driven by Ryan Briscoe, at the Indianapolis 500 and several other races, and will be an associate sponsor for all three cars for the 2011 season.
The Meijer grocery store chain will join Penske as a sponsor of its three-car IndyCar Series program, beginning with the 2011 season.
Izod officials said that in 2010, Izod brand awareness increased 10 percentage points, brand familiarity rose 16 percent among 25- to 35-year-old men, and digital impressions increased 20 percent over 2009.
Fisher will hand the keys to Ed Carpenter so she can focus on her role as team owner of Sarah Fisher Racing and explore growth opportunities.
Heavy investments in research and development, testing and marketing will be needed for the Detroit-based automaker to keep up with Honda.
IMS hires former Goldsmith aid Doug Boles to drum up interest, ticket sales in tough environment for motor racing.
Old Vision Racing HQ gives Schmidt team room to expand.
The awards were determined by votes of fans at IRL events throughout the season and on indycar.com.
Fresh off signing deal with Brazilian coffee maker, Indy Racing League executive promises much bigger sponsorship announcement within two weeks.
Financial terms of the deal were not released, but industry sources said the multiyear deal is valued at $1 million annually for the open-wheel race series.
Motorsports insiders think the Brickyard 400’s declining fortunes will hasten the Hulman-George family’s decision
on the future of the Indy Racing League, which the NASCAR race has helped subsidize.
Financial terms of the deal were not released, but motorsports business experts said it was a six-figure deal.
