CHAMPCAR/CART: Texaco/Havoline and Newman/Haas Racing settle contract dispute

WHITE PLAINS, N.Y., Jan. 15 - Texaco/Havoline and Newman/Haas Racing confirmed today the resolution of a contract dispute regarding Texaco/Havoline's sponsorship of the Newman/Haas Racing team in the CART FedEx Championship Series.

WHITE PLAINS, N.Y., Jan. 15 - Texaco/Havoline and Newman/Haas Racing confirmed today the resolution of a contract dispute regarding Texaco/Havoline's sponsorship of the Newman/Haas Racing team in the CART FedEx Championship Series. Texaco/Havoline will continue its sponsorship through 2002. Terms of the agreement are confidential. Commenting on the announcement, Michael T. Hargrave, Director of Sponsorships for Texaco, noted, "Texaco is pleased to have the matter resolved and we look forward to continuing our long established relationship with Newman/Haas Racing with our new driver, Cristiano da Matta and our associate sponsorship of Christian Fittipaldi's car." Carl Haas, co-owner with Paul Newman of Newman/Haas Racing, said "We are delighted that we have completely settled the misunderstanding between our team and Texaco/Havoline. Texaco has been an important sponsor of Newman/Haas since 1988 and we are pleased they will be continuing as our co-sponsor."

-Newman/Haas Racing

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About this article
Series Automotive , IndyCar
Drivers Christian Fittipaldi , Paul Newman , Carl Haas , Cristiano da Matta