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Motor Racing Reacts to Worldwide Recession | HuffPost …
https://www.huffpost.com/entry/motor-racing-reacts-to-wo_b_150967
The biggest news around the racing world is that Honda has left F1 racing, a move which Honda President Takeo Fukui said will save the company $987 million a year (yes, you read right - that's Honda's budget for F1 R&D and fielding a two-car team for one year). Honda has also pulled out of the AMA's motorcycle road racing series in the US.
In Recession, Fortune 500 Turns to NASCAR
https://www.cnbc.com/id/48740715
More than three out of five of the sport's fans say that even in tough economic times, they will continue to support NASCAR sponsors over other brands.
Nascar feels impact of recession | Financial Times
https://www.ft.com/content/05857cce-2395-11de-996a-00144feabdc0
The extent of the recession’s impact on Nascar, one of the world’s most successful sports businesses, emerged on Tuesday after the main owner of US stock-car racetracks forecast a …
NASCAR's top teams form business alliance | Sporting …
https://www.sportingnews.com/us/nascar/news/race-team-alliance-organization-team-owners-rob-kauffman-hendrick-motorsports-richard-childress-roush-joe-gibbs/1ldnp83z7v9v31k9nhbelkgltu
“The recession hasn’t really ended for the teams. There is a lot of pressure on the teams from sponsorship and expenses rising. “There was an interest that we need to …
Revealed: The Rescue Plan That Could Save F1 Teams …
https://www.forbes.com/sites/csylt/2020/04/25/revealed-the-rescue-plan-which-could-save-f1-teams-350-million/
Getty Images. Struggling Formula One teams could save as much as $350.1 million annually under radical new proposals. F1's ten teams have been stuck in limbo since the auto racing series put the ...
Automakers got a bailout after the last recession, what's ...
https://www.nbcnews.com/business/autos/automakers-got-bailout-after-last-recession-what-s-their-strategy-n1197696
Last year was one of the best on record for the auto industry, with new car sales hitting 17.1 million. This year, however, the figure could fall as low as 12.4 million, raising questions about ...
Show Me the Money: The Finances Behind Indycar, …
https://www.thedrive.com/accelerator/22168/behind-the-shadowy-billion-dollar-payouts-of-f1-nascar-and-indycar
There are two ways to race at the Indy 500; one involves being a full-time IndyCar driver, and another one involves paying a big chunk of cash for a …
A Triple Threat to Automakers: Recession, Demographics …
https://www.bain.com/insights/a-triple-threat-to-automakers-recession-demographics-and-disruption/
By the start of the 2020s, the population growth of 15- to 64-year-olds will decline to nearly zero (see Figure 3). Bain research shows that the underlying structural demand for light vehicles in the US, absent the impact of the great recession, would have been roughly 16 million in 2009 and 13.5 million in 2018.
Nascar's Most Valuable Teams
https://www.forbes.com/sites/chrissmith/2015/02/18/nascars-most-valuable-teams/
The effects of the 2008 financial crisis were felt in the pro sports world, and perhaps no pro sport was hit harder than auto racing. Tracks suffered as race attendance slid and sponsorships dried ...
List of NASCAR Racing Teams - Official Site Of NASCAR
https://www.nascar.com/racing-teams/
There are 17 full-time teams in the NASCAR Cup Series. Hendrick Motorsports, Joe Gibbs Racing and Stewart-Haas Racing all field four-car teams, the maximum allowed in NASCAR.
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