JULY 4, 2002
CART loses one of its top men
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.