Toyota dropped out of Formula One racing because of the world-wide recession. Because of the disaster that’s struck the Japanese company in recent days, the question must be asked: how long will Toyota continue to pour millions into North America motorsport?

NASCAR has worked to reduce its own costs, two sources within the company have told the Observer and ThatsRacin.com. The salaries of some supervisors have been cut, along with the budgets of some departments, the sources said. Travel spending to get NASCAR officials and haulers to and from races was also cut, the newspaper and [...]

International Speedway Corp. saw its net income drop 95 percent from $134.6 million in 2008 to $6.8 million in 2009, with its 50 percent stake in merchandise company Motorsports Authentics costing $77.6 million on its 2009 balance sheet, according to its year-end financial report issued Thursday. The losses for Motorsports Authentics, owned 50-50 by ISC [...]

NASCAR is cutting by about 10 percent the race winnings it will award teams in the Sprint Cup, Nationwide and Truck Series this season, officials confirmed on Friday. The reduction is part of cost-cutting measures that will alleviate some of the financial burdens on tracks that have suffered during a tough economic environment that has [...]

NASCAR officials met with team principals on Tuesday to discuss upcoming initiative for the new season. One subject discussed was the possibility of a one-day test at Talladega before the Charlotte open test on March 23-24. Sprint Cup Series director John Darby confirmed that NASCAR is looking for a date. The one-day session at the [...]

Defending, four-time NASCAR Sprint Cup Series champion Jimmie Johnson crashed and suffered some bruising Thursday in opening practice for this weekend’s Rolex 24 At Daytona at Daytona International Speedway. Johnson crashed in the left-hand kink area of Daytona’s 3.56-mile road course driving the #99 Bob Stallings Chevy Riley Daytona Prototype.

Furniture Row Racing will put the finishing touches on its technical alliance with Richard Childress Racing this week. A meeting is scheduled on Friday between principles of the two companies in hopes to strengthened the single car operation at FRR and in essence create a satellite fourth car for RCR.

What is power? In athletics it is usually thought of as bulging muscles and dominating performance. But in sports today, power has a different meaning, as well: the earning potential of athletes, owners, agents, communities, and brands, ranging from breakfast cereal to beer.

SPEED will open its 2010 Daytona Speedweeks coverage Feb. 4 with live coverage of Budweiser Shootout practice, the Budweiser Shootout Selection Show and the Fourth Annual SPEED Performance Awards. On Feb. 6, SPEED will bring race fans live and exclusive coverage of Danica Patrick’s stock car debut, as the popular open wheel racer makes her [...]

Dale Earnhardt was honored with the Achievement in Motorsports Tribute Award Monday night at the 4th Annual North Carolina Motorsports Industry Awards hosted by the North Carolina Motorsports Association (NCMA). For the first time all seven of Dale Earnhardt’s former crew chiefs gathered on stage for a fireside chat moderated by long time Earnhardt gas [...]

ESPN2′s daily NASCAR news and information program NASCAR Now returns for its fourth season on Monday, Feb. 1, at 5 p.m. ET, to coincide with the beginning of the 2010 NASCAR season. The program includes highlights, opinion, debate, analysis and the latest news from drivers, crew chiefs and insiders. With hosts Nicole Briscoe, Mike Massaro [...]

Bristol Motor Speedway officials announced the addition of four more drivers to the lineup for the March 20 running of the Scotts EZ Seed Showdown. Dave Marcis, a veteran of 883 Cup Series races, and Tommy Houston, a mainstay of the NASCAR Nationwide Series, will make their debuts in the exciting event which was a [...]