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Bryan Herta Autosport chooses Honda as new engine

admin — Fri, 11 May 2012 15:00:39 +0000

Source: http://www.newsobserver.com/2012/05/10/2055956/bryan-herta-autosport-chooses.html

Tom Jones Juan Jover Oswald Karch Narain Karthikeyan

Alonso targets Barcelona resurgence

admin — Fri, 11 May 2012 07:01:54 +0000

Fernando Alonso insists Ferrari ‘must turn things around’ starting with the Spanish Grand Prix after a difficult start to the season. The Spaniard admits he has managed to limit the damage in the first four races of the year, starting the European season just 10 points behind championship leader Sebastian Vettel despite Ferrari having failed to deliver a competitive car. Ferrari is introducing several updates in Barcelona this weekend in the hope of closing the gap to the top.

Source: http://www.iracing.com/inracingnews/formula-one-news/f1-formula-one-news/alonso-targets-barcelona-resurgence

Fred Gamble Howden Ganley Frank Gardner Billy Garrett

Two Nationwide Crew Chiefs Fined, On Probation For Bumper Violations

admin — Thu, 10 May 2012 15:01:09 +0000

May 8, 2012 NASCAR Wire Service Two crew chiefs for Penske Racing in the NASCAR Nationwide Series were placed on probation and drew $10,000 fines Tuesday for violations found last weekend at Talladega Superspeedway. Jeremy Bullins, crew chief for the No. 22 Dodge driven at Talladega by Brad Keselowski, and Chad Walter, crew chief for [...]

Source: http://thefinallap.com/2012/05/08/two-nationwide-crew-chiefs-fined-on-probation-for-bumper-violations/

Cuth Harrison Brian Hart Gene Hartley Masahiro Hasemi

DRR to partner with Panther Racing

admin — Wed, 09 May 2012 23:00:52 +0000

Dreyer & Reinbold Racing will use Chevrolet engines for the rest of the year after taking over Panther Racing’s second engine lease. The two teams have agreed a ‘strategic partnership’ for the remainder of 2011 meaning that DRR, which split with initial engine supplier Lotus late last month , will effectively position Oriol Servia as a team-mate to JR Hildebrand from the Indianapolis 500 onwards. “We wanted to operate as a two-car team for some time, but the right opportunity had never arisen to allow us to accomplish then,” said Panther CEO John Barnes

Source: http://www.iracing.com/inracingnews/real-world-racing/indycar-news/indycar/drr-to-partner-with-panther-racing

Ken Kavanagh Rupert Keegan Eddie Keizan Al Keller

Edwards hurt in qualifying crash

admin — Wed, 09 May 2012 15:01:56 +0000

Colin Edwards has suffered a fractured collarbone in a qualifying crash at MotoGP’s Portuguese Grand Prix. The American, who sustained a similar injury at Catalunya last year, was involved in a collision with Randy de Puniet.

Source: http://www.iracing.com/inracingnews/other-news/motorcycles/motogp/edwards-hurt-in-qualifying-crash

Virgil Ernest Irvan III Kenny Dale Irwin Jr Dale Arnold Jarrett Jimmie Kenneth Johnson

Ishiura out of Toyota Le Mans line-up

admin — Wed, 09 May 2012 07:00:45 +0000

Hiroaki Ishiura has been forced to withdraw from Toyota’s 2012 Le Mans line-up due to a back complaint suffered during testing. The 31-year-old experienced discomfort in his back due to the high g-forces experienced during the first tests of the TS030 Hybrid.

Source: http://www.iracing.com/inracingnews/real-world-racing/3rdparty/ishiura-out-of-toyota-le-mans-line-up

Boy Hayje Willi Heeks Nick Heidfeld Theo Helfrich

Keselowski gets push, Talladega win

admin — Tue, 08 May 2012 15:00:35 +0000

Source: http://www.newsobserver.com/2012/05/06/2048193/keselowski-gets-push-talladega.html

Dan Gurney Hubert Hahne Mike Hailwood Mika HÃ¤kkinen

Report: Legal loophole allows GM to avoid paying federal taxes… still

admin — Mon, 07 May 2012 23:00:36 +0000

Filed under: Government/Legal, GM, Earnings/Financials

The United States tax code will never be accused of being simple or easy to comprehend. With a tangle of exceptions and loopholes, individuals and corporations can work their way around paying their full income tax rate with ease.

According to The Detroit News, General Motors continues to avoid paying its federal income taxes since the company exited bankruptcy. In 2008, the Treasury Department ruled that the automaker could use $18 billion in losses from “old” GM to offset any profits. That means from a tax perspective, GM still hasn’t earned enough money to overcome its losses. The automaker has raked in more than $13 billion since 2009.

Of course, GM isn’t the only company dodging the federal income tax. Ford, for example, payed $268 million in worldwide income taxes last year, despite claiming an income of $7.8 billion. Likewise, since Chrysler Group, LLC. is a limited-liability partnership, it isn’t required to pay federal income taxes. According to The Detroit News, very few companies pay the full 35 percent federal corporate income tax rate.

But that doesn’t mean GM or other companies get off entirely. GM says it pays considerable state taxes, and the company reports that its global tax rate for 2012 may jump to 12 or 13 percent, up from an earlier estimate of 10 percent.

Legal loophole allows GM to avoid paying federal taxes… still originally appeared on Autoblog on Mon, 07 May 2012 09:28:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2012/05/07/legal-loophole-allows-gm-to-avoid-paying-federal-taxes-still/

JesÃºs Iglesias Taki Inoue Innes Ireland Eddie Irvine

GLOBAL iPRINT NAMED OFFICIAL SPONSOR OF NHRA

admin — Mon, 07 May 2012 15:00:30 +0000

NHRA GLENDORA, Calif. Jan. 4, 2012 Global iPrint, a premier printing and distribution company, has signed a three-year agreement to become the “Official Print Sponsor” of NHRA….

Source: http://www.motorsportsjournal.com/archives/2012/01/global_iprint_named_offic.php

Bobby Grim Romain Grosjean Olivier Grouillard Brian Gubby

Hamilton fastest in Malaysian GP practice (PA SportsTicker)

admin — Sun, 06 May 2012 15:01:37 +0000

By CHRIS LINES AP Auto Racing Writer

Source: http://www.nascarracinglive.com/nascar/hamilton-fastest-in-malaysian-gp-practice-pa-sportsticker.html

David Hobbs Gary Hocking Ingo Hoffmann Bill Holland