General Motors is cutting factory support for Chevrolet teams competing in NASCAR’s Nationwide and Camping World Truck Series as the automaker restructures under Chapter 11 bankruptcy protection, according to a story that will appear in Friday’s edition of SportsBusiness Journal.
According to SBJ’s Michael Smith, who wrote the story, the cost-cutting measures are likely to have the greatest affect on larger organizations, such as Kevin Harvick Inc., which fields teams in both series, and Rusty Wallace Inc. and JR Motorsports, which field teams in the Nationwide Series.
KHI has four victories in …Â Details
The asphalt at the Famoso drag strip was hot, the bike licked with red and orange flames when Jesse James stepped up to the starting line and threw a leg over the 1,000-horsepower, nitro-powered dragster.
A flicker of green light, a twist of the grip and James was off. Seconds later, at a top speed of 161 mph, James had won the respect of the seasoned racers who trained him and sighs of relief from the production crew that was capturing it all on camera for his new Spike TV show, “Jesse James Is a Dead Man.”
James had defied the program title, just as he’d done when he caught himself on fire, and when he rode shotgun in an F-16D fighter plane, subjecting his 210-pound frame to nine Gs.
James, who turned 40 last month, insists he isn’t …Â Details
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Hakan Samuelsson thought he had it all figured out. In 2006, the CEO of German commercial truck manufacturer MAN schemed to take over his former employer and Swedish rival, Scania. He had the banks behind him. VW owned 30 percent of Scania; they had to agree to the takeover. And why not? Volkswagen had no use for Scania, as VW’s commercial truck division only operates in South America. So Hakan Samuelsson made a deal with Bernd Pischetsrieder, then head of Volkswagen. Unfortunately for Mr. Samuelsson, he talked to the wrong guy. Ferdinand Piech, the person pulling the strings over in Wolfsburg, had different plans . . .
Before we get to what happened, let‘s take a small detour and look at where Piech‘s story began.
In fact, let‘s begin with his grandfather Ferdinand Porsche… Details
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