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This Is How Much It Costs To Run A Professional Race Team

Racing is expensive. The cars, the trucks, the tires, hell, even the snazzy polo shirts with a little logo on it all cost money. But it’s always been a mystery just how much money. Until now. Here’s the story of how one team spent more than $150,000 on all of it – and that’s just for one race. » 8/21/15 1:22pm 8/21/15 1:22pm

Miller Motorsports Park's New Chinese Owners Plan To Keep Racing In Utah [UPDATE]

Reports came in earlier today said that Miller Motorsports Park, Utah’s premier race track, was about to be sold to Geely Automotive, a Chinese company primarily known in the U.S. for owning Volvo. But it turns out the new owner isn’t quite Geely Automotive, though it is a subsidiary. And they plan to keep MMP right… » 8/18/15 9:35pm 8/18/15 9:35pm

Report: Volvo's Chinese Owner Is About To Buy Utah's Miller Motorsports Park [UPDATE]

Miller Motorsports Park, a gorgeous race track in Utah, is up for sale. That much we knew, but what we didn’t know was who was going to happen to it. But a new report from a local news station says that Geely Automotive – yes, that Geely, the Chinese company that owns Volvo – is going to buy it. » 8/18/15 5:18pm 8/18/15 5:18pm

Some Of The Worst People In Sports Are Trying To Buy Out Formula One

Strange as it may seem to read it, flop-haired sinister Andy Warhol impersonator Bernie Ecclestone doesn’t actually own Formula One. The group with the biggest stake in the biggest spectacle of motorsports actually belongs to private equity firm CVC Capital Partners. And word on the street is they want out – and… » 6/24/15 12:41pm 6/24/15 12:41pm

Spyker Might Be Getting Evicted, But Everything's Just Fine, CEO Says

Spyker, the Dutch car company that arguably builds some of the prettiest automobiles in the world today, is not going bankrupt, according to company CEO Victor Muller. That comes on the heels of a Dutch court order to either pay the company's landlord, or get evicted from the factory. Yeesh. » 11/05/14 12:24pm 11/05/14 12:24pm

GM Somehow Posts Best Sales Since 2007

Remember that time that GM recalled every single car in the world because faulty ignition switches killed a bunch of people and past experience said that they would suffer, at least somewhat, in the sales figures? It turns out that nobody remembered that time, because GM just posted its best June sales since 2007. » 7/01/14 10:11am 7/01/14 10:11am

Fisker Is Bleeding Itself To Death

“My ethics told me I had to leave. I had to follow ethical standards. I still love the company. It was my life.” Henrik Fisker sounded angry about what had been going on, but he refused to say much beyond that by way of specifics. What is clear, though, is that past few months have been rougher for the company that… » 3/29/13 4:25pm 3/29/13 4:25pm

Tesla Nixes Battery Deal, to Focus on Not Building Cars

Tesla Motors' plans to sell battery packs to Norwegian company Think Global has been put on hold as the company plans to focus on shipping cars to the 600 people who paid a lot of money and still have nothing to drive (except a fleet of other cars, presuming they're very wealthy). It was hoped this deal would help… » 11/01/07 1:00pm 11/01/07 1:00pm

Porsche's "Geyser 'o Cash" Continues Unabated

At current rates of return, Porsche will own the auto industry by 2112 — just in time for President Geddy Lee's Cryogenically Frozen Head to rename Detroit "Stuttgart West." Led by strong sales of the 911 range, though bolstered by excellent showings from the new Cayman and Boxster, Porsche's after-tax profits hit… » 12/06/06 9:28am 12/06/06 9:28am