Indianapolis-based Panther Racing Inc.’s lawsuit against Rahal Letterman Lanigan Racing, IndyCar and others says it lost a $17.2 million sponsorship because of bid-rigging and other improprieties.
The rush of drivers trying to enter a new vintage car race at the IMS was so fast and furious that the event promoter has been forced to turn away many of them.
Roger Penske wasn't worried about finding a sponsor for Juan Pablo Montoya when he signed him, believing there would be interest in the Colombian's return to open-wheel racing.
The track has scheduled yet another new event for 2014. The move is bound to draw criticism from traditionalists who think Speedway officials are diluting the venue’s heritage by bringing in so many extra races.
New Hulman & Co. CEO Mark Miles in February requested public funding assistance to make major upgrades to the 104-year-old landmark.
The Indianapolis Motor Speedway says it is ready to start a projected $140 million in improvement projects using $100 million in state assistance.
The upcoming Performance Racing Industry Show—in its first year back in Indianapolis since 2004—is beating expectations for exhibitors, attendees and, most important, visitor spending.
The new 14-turn, 2.434-mile course will be run the opposite direction of the Indy 500 on a newly resurfaced track that will be wider, have longer straightaways and three new passing zones, Indianapolis Motor Speedway officials announced Tuesday.
The unusual move will mark the open-wheel series’ first race on the hallowed track’s winding interior course. And it’s the highest-profile break from tradition yet in the tenure of new Hulman & Co. CEO Mark Miles.
Zionsville-based Just Marketing International has been hired to find replacements for $7 million in annual sponsorship deals that are expiring following this season.
Dallara is preparing to install a $5 million automobile simulator in its Speedway plant—a move that could fuel the company’s plan to dramatically grow its local operation.
The project will connect 16th Street with Crawfordsville Road and Main Street. However, Georgetown Road will be cut off from the intersection and come a dead end.
Both sides could have opted out of the final year of a contract that expires after next season. But Speedway officials said the two sides reached an agreement to run a seventh race in Indy in 2014.
Former Daniels aides among four names added to panel tasked with promoting the industry.
Vending machines aren’t the only reason the Fastenal brand is resonating.
The upcoming MotoGP motorcycle race could be the last at the Indianapolis Motor Speedway, as NASCAR officials lobby instead for a stand-alone race for a newly merged sports-car series.
Madison County officials say the company that owns the race track owes $125,000 in overdue property taxes. The Speedway believes it has been charged too much.
Dale Earnhardt Jr. is not only looking for his first win of the season, he's still hunting for a big-bucks sponsor for 12 Sprint Cup races this season.
The Indianapolis-based IndyCar Series and open-wheel racing enthusiasts were hoping the movie would create a buzz about the sport, but interest has fallen short of expectations so far.
Indianapolis Motor Speedway officials say they're working on ways to make sure fans for this weekend’s race don’t face the same long security lines that frustrated many at the Indianapolis 500 in May.
