JULY 4, 2002
CART loses one of its top men
JAMES GROSFIELD, who helped to restructure the CART organization under Chris Pook, has re-signed. The official reason for this is "personal reasons" but given the circumstances this does not sound very likely and it seems more likely that there has been a difference of opinion amongst the major players. Obviously it is not in anyone's interest to admit such a thing.
CART is still struggling with a low share price which is not recovering and a fading number of teams. There is now no chance of a rapprochement with the Indy Racing League as CART has decided to go with a one engine formula next year.
It is worth noting that the problems of CART are also affecting the Lola company which is also under pressure because of a drop in sales in Formula 3000. The Huntingdon company has however recently landed a new deal to supply Formula Nippon in Japan but is still believed to be facing the need to downsize a little as a result of the state of the market.
|Print News Story|
ARROWS APPLY FOR EXTENSION
AWARDS ALL ROUND
CART LOSES ONE OF ITS TOP MEN
ENTER MAC AND LAUREN
GPWC AND TEAMS TO MEET ON FRIDAY
JUDGE SLAMS ARROWS MANAGEMENT
MCLAREN DRIVERS TO USE LIQUID-COOLED SUITS FOR PIT CREW
REUTEMANN IN THE RUNNING
TODT ARRIVES IN THE WILLIAMS HELICOPTER...