Callaway and NewPage say they will not renew their contracts as official sponsors of NASCAR when their contracts run out at the end of this year, Street & Smith’s SportsBusiness Daily reports.

Australian NASCAR driver Marcos Ambrose has spent the day with NASCAR superstar Dale Earnhardt Jr at Ambrose’s V8 Super School on the Gold Coast in Australia today.
Ambrose hosted Earnhardt Jr, who is in Australia on holiday with friends, and gave the American the opportunity to drive one of the school’s 450-horsepower race cars around the [...]

International Speedway Corp. warned of more trouble ahead for its ailing sportswear and collectibles business Wednesday but predicted its profits per share will climb 11 to 14 percent next year.
Speed Weeks should give the company a strong start for 2008, said Lesa France Kennedy, president of the motorsports giant. Special events planned for the 50th [...]

ISC has budgeted about $100 million for construction projects at several tracks, including money to add a second rooftop observation deck on the garage in Daytona’s Fan Zone area. It also has allocated $15 million to start work on Daytona Live, a proposed office-retail-entertainment park to replace the existing Speedplex park north of the track.

Double NASCAR champion, Jimmie Johnson, has said he cannot wait to pit his skills against the man widely billed as the world’s greatest driver, Michael Schumacher, in The Race of Champions this weekend.
The Team USA hero, who has been drawn against the seven-time Formula 1 World Champion for the first round of The ROC Nations [...]

Craftsman isn’t leaving motorsports, Scott Howard insists, but it will terminate its title sponsorship of the NASCAR truck series at the end of 2008, two years before the end of its current five-year deal. Craftsman is the only title sponsor the series has had since its inception in 1995.
Howard, manager of marketing partnerships for [...]