News By Topic: Championship Auto Racing Teams

Championship Auto Racing Teams Reports Third Quarter 2003 Results

Oct 31, 2003

INDIANAPOLIS, Oct. 30 -- Championship Auto Racing Teams, Inc. (the "Company") (BULLETIN BOARD: CPNT.OB) announced today financial results for the third quarter ended September 30, 2003. The number of events held in a quarter, the type of event, whether the race pays a sanction fee or is self promoted and whether the ev ... Continue reading

CART: TRACY CASHES IN ON THE GOLD COAST - The Champ

Oct 27, 2003

Surfers Paradise October 27, 2003; Looking at it statistically or through the popular vote, Paul Tracy was the deserving champion of the Vanderbilt Cup awarded to the CART champion. The 34-year old Canadian led a series-best 658 laps, almost twice as many as Michel Jourdain and almost four times more than Bruno Junquei ... Continue reading

PAUL TRACY TAKES AUSTRALIAN ROLLER-COASTER RIDE TO HIS FIRST CHAMP CAR RACING TITLE

Oct 26, 2003

October 26, 2003 Surfers Paradise, Australia, October 26, 2003 – Neither heavy rain, hail, thunder and lightning or contact with other cars could prevent Paul Tracy of PF Racing from finishing the Lexmark Indy 300 on Sunday and claiming the first Champ Car title of his 13-year career. Tracy became the first Canad ... Continue reading

NYSE Notifies Championship Auto Racing Teams of Its Deficiencies in Meeting Continued Listing Standards

Oct 7, 2003

INDIANAPOLIS, Oct. 6 -- Championship Auto Racing Teams, Inc. today reported that it has received formal notification from the New York Stock Exchange that the Company had fallen below the NYSE continued listing criteria as the Company's average market capitalization is less than $15 million over a 30 trading-day period ... Continue reading

Haas Resigns Position On CART Board Of Directors

Oct 4, 2003

INDIANAPOLIS, Oct. 3 -- Championship Auto Racing Teams, Inc. announced today that team owner Carl Haas, who along with Paul Newman are the co-owners of Newman Haas Racing, resigned his position on September 22, 2003 as a member of the Championship Auto Racing Teams, Inc. Board of Directors. Chris Pook, CART's President ... Continue reading

Judge rejects request to exempt Grand Prix from tobacco law

Sep 30, 2003

MONTREAL Sep. 30, 2003; The AP reported that a judge rejected a request Tuesday by two businessmen who wanted the Canadian Grand Prix exempted from federal anti-tobacco legislation. Superior Court Justice Jean Crepeau refused to consider arguments the sponsorship ban would hurt the city's economy by depriving it of mil ... Continue reading

Open Wheel Racing Series Continues to Pursue the Acquisition of Championship Auto Racing Teams

Sep 18, 2003

INDIANAPOLIS, Sept. 18 -- As previously announced on September 10, 2003, Championship Auto Racing Teams, Inc. and Open Wheel Racing Series LLC have entered into a definitive agreement providing for Open Wheel Racing Series to acquire Championship for cash equivalent to $0.56 per share, based on the number of shares of ... Continue reading

CART/Champ Car Series Bought By Prominent U.S. Investors

Sep 12, 2003

Telecommunications magnate Kevin Kalkhoven and power plant entrepreneur Gerald Forsythe to lead revival of open-wheel series Craig Pollock, High-Profile Team Owner and Associate of Kevin Kalkhoven, Available for Comment September 12, 2003 - Wednesday's announcement that a group of private investors, including billionai ... Continue reading

Open Wheel Racing Series to Acquire Championship Auto Racing Teams

Sep 11, 2003

INDIANAPOLIS, Sept. 10 -- Championship Auto Racing Teams, Inc. and Open Wheel Racing Series LLC today announced they have signed a definitive agreement providing for Open Wheel Racing Series to acquire Championship for cash equivalent to $0.56 per share, based on the number of shares of Championship common stock curren ... Continue reading

Wayne Cloths Weekend Race Roundup and Other Ramblings

Sep 2, 2003

Hey there! Hope you had a great Labor Day holiday! I'm just back from the MAGIC Show in Las Vegas, where next Spring's hot fashions are shown to buyers from all across the world, by Manufacturers from around the world. THE hot trend in hats is, believe it or not, the Foam or Twill front, Mesh back, Five Panel Trucker h ... Continue reading

Indianapolis 500 Winner Gil De Ferran to Retire; Penske Racing Hires Two-Time Series Champion Sam Hornish, Jr.

Aug 25, 2003

READING, Pa., Aug. 25 -- Penske Racing, Inc. announced today that 2003 Indianapolis 500-Mile race winner and two-time National Champion Gil de Ferran will retire at season's end. Two-time IRL Series Champion Sam Hornish, Jr. has signed a multi-year deal to drive for the team beginning in 2004. "My experience with Marlb ... Continue reading

Timken-Sponsored Team Rahal Wins at Montreal

Aug 25, 2003

Jourdain Posts Second Career Victory CANTON, Ohio, Aug. 25 -- Team Rahal driver Michel Jourdain, Jr. captured the checkered flag yesterday to post his second win of the 2003 season at the Molson Indy Montreal. Currently third in the Champ Car World Series Championship, Jourdain started fourth and struck the perfect bal ... Continue reading

Championship Auto Racing Teams Announces Continuing Negotiations with The Open Wheel Racing Series

Aug 25, 2003

INDIANAPOLIS, Aug. 24 -- Championship Auto Racing Teams, Inc. announced today that its Board of Directors has instructed Management to continue negotiating with Open Wheel Racing Series LLC with respect to all terms related to a possible acquisition of Championship. As previously disclosed, last week Championship recei ... Continue reading

CART and Former President and CEO Joseph F. Heitzler Announce Resolution To All Legal Disputes

Aug 21, 2003

INDIANAPOLIS, Aug. 20 -- Championship Auto Racing Teams, Inc. ("CART") and Joseph F. Heitzler ("Heitzler") announced today that they have amicably resolved all of their legal disputes. Heitzler is the former President, Chief Executive Officer and Chairman of the Board of Directors of CART and is currently the President ... Continue reading

Derrick Walker Steps Down from Cart Board of Directors

Aug 19, 2003

INDIANAPOLIS, Aug. 19 -- Championship Auto Racing Teams, Inc. announced today that team owner Derrick Walker has relinquished his position as a member of the Championship Auto Racing Teams, Inc. Board of Directors, effective immediately. In making his decision, Mr. Walker cited that he was sensitive to the potential fo ... Continue reading