A source has said the General Motors Corp is planning to “kill off” its Pontiac brand. An official announcement is expected Monday. In GM’s most recent viability plan, Pontiac was not named as one of GM’s core brands, which are Chevy, Buick, GMC, and Cadillac. The brand also wasn’t listed among those that would be [...]
General Motors Corp. announced that it will cut production over next three months to cut down on inventory of its cars and trucks in an attempt to avoid a shutdown related to the financial problems at Delphi Corp. The move is expect to reduce production by 190,000 vehicles in the second and third quarters of [...]
In response to my recent posting about NASCAR switching to electric cars, a blogger calling himself Middle Man, replied that he was skeptical. In his blog, he listed some well publcized downsides to electric cars. And while these are very valid concerns, and criticisms, I would argue that some of them do not apply to [...]
If someone said a decade ago that NASCAR would someday switch to electric cars, we all would have rolled our eyes and had a good laugh. But with the way things are going, I wouldn’t be surprised to see electric cars in NASCAR someday.
Nearly one week after announcing its income fell 31%, International Speedway Corp. CEO Jim France will step down June 1. The AP reported that France will be replaced by Lesa France Kennedy, current ISC president and France’s neice. He will continue to serve as chairman of the board, while John Saunders will move from his [...]
International Speedway Corp. is one of the latest NASCAR companies to feel the economy’s wrath, as it reported that its first net quarter income fell 31% on falling revenue due to price cuts. Net income fell to $25.1 million from $36.2 million, a year earlier. Revenue fell from $193.9 million to $166.1 million, a 14% [...]
SceneDaily is reporting that Rush Limbaugh, a conservative talk show host if you didn’t know, made some disparaging remarks about Alaska Governor, and Republican candidate for vice president, Sarah Palin that may not be well-received by NASCAR fans. Limbaugh was quoted as saying: We have a polarization in this country not just of conservative, liberal, Democrat, [...]
Members of the Wireless Innovation Alliance were on Capitol Hill pushing a plan to open up underused slices of the broadcast spectrum known as white space for broadband Internet access.
ESPN’s Ed Hinton takes on the seemingly endless debate over whether race car drivers are athletes.
Several major news outlets reported over the weekend that Belgium-based InBev is considering an unsolcitied takeover bid of Anheuser-Busch, former sponsor of what is now the Nationwide series. The Wall Street Journal is reporting that the falling dollar may make the acquisition attractive. Commodities prices are also forcing beer makers to cut costs. If this takeover [...]