CHAMPCAR/CART: Firestone Named Official Tire for CART FedEx Championship Series

DETROIT (March 3, 2000) - Championship Auto Racing Teams announced today that it has entered into a sponsorship agreement with Firestone to become the Official Tire of CART. Since its 1995 return to open-wheel...

DETROIT (March 3, 2000) - Championship Auto Racing Teams announced today that it has entered into a sponsorship agreement with Firestone to become the Official Tire of CART. Since its 1995 return to open-wheel racing, Firestone has been dominant, establishing win and performance records seldom encountered in modern motorsports. Since midway through the 1997 FedEx Championship Series season, the Nashville-based tire manufacturer has won 48 out of 50 events. Firestone has also won every street course event and every 500-mile event in the last three years. "Firestone has been a tremendous supporter of the FedEx Championship Series," said CART Chairman and CEO Andrew Craig. "CART is looking forward to a very beneficial and successful relationship with Firestone in the 2000 Champ Car season." The arrangement does not exclude or prevent another tire manufacturer from participating in CART competition. Bridgestone/Firestone Motorsports Director Al Speyer said "it was only natural" for Firestone to become the Official Tire of CART. "Having carried the past four champions to their CART titles and dominating in virtually every statistical category, it's certainly fitting that Firestone has been named the Official Tire of CART," Speyer said. "We are proud to continue our support of this excellent showcase of racing. We strongly embrace CART's philosophy of open competition, and this agreement for Firestone to become the Official Tire of CART in no way precludes another tire manufacturer from entering the series. We look forward to the day when another tire company joins us in taking on the challenges and rewards that CART offers. For now, we will continue to enhance our already aggressive marketing efforts in association with our CART activities." Bridgestone/Firestone will prominently feature the CART and FedEx Championship Series logos in its advertising and promotional materials. "Firestone's unique ability to activate its new designation and the CART brand through mass advertising and retail centers is strategic in building value for all partners of CART," said John Rowady, General Manager of ISL USA, exclusive worldwide sponsorship agent for CART.

-CART-

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Series IndyCar