NASCAR points leader Jimmie Johnson signed a three-year contract extension Monday committing him to Hendrick Motorsports through the 2010 season.Lowe’s, the primary sponsor of the No. 48 Chevrolet, also agreed to stay with the team through 2010.
The deal comes just as Johnson prepares for the next two weeks of racing at Lowe’s Motor Speedway, the [...]

We’re hearing that Fox broadcaster Larry McReynolds is looking into becoming a NASCAR team owner again, supposedly with John Dangler, starting with a Busch Series deal in 2007 that would move up to Nextel Cup in 2008, McReynolds was part owner of the ill-fated BANG Racing team in 2004.
[Jayski.com and SI.com]
Dale Jarrett just might be [...]

The 10-year feud between Champ Car and the Indy Racing League has crippled open-wheel racing and helped turn NASCAR into a multibillion-dollar industry. But the hostilities could end soon.
It appears that Champ Car principal owner Kevin Kalkhoven and IRL founder Tony George are close to announcing unification of the two series — perhaps later this [...]

Formula One’s governing body has rejected a vote by a majority of the teams entered in the 2008 championship who want to scrap a controversial ‘freeze’ on engine development.
International Automobile Federation president Max Mosley wrote to team principals on Monday setting out the FIA’s position.
“By entering the championship, a team accepts the regulations as published [...]