UTE: PROCAR Australia ceases operations

Motor racing organiser PROCAR Australia announced today it is ceasing operations immediately. Ross Palmer, Chairman and founder of the Brisbane-based company, said a meeting of directors today unanimously agreed to a strategic withdrawal from...

Motor racing organiser PROCAR Australia announced today it is ceasing operations immediately.

Ross Palmer, Chairman and founder of the Brisbane-based company, said a meeting of directors today unanimously agreed to a strategic withdrawal from the industry.

PROCAR, founded in 1994, staged the PROCAR Champ Series events and four motor racing series, the Australian Nations Cup Championship, Australian GT Performance Championship, Australian Production Car Championship and V8 BRutes Series.

Mr Palmer said PROCAR Australia has been supported in the past by substantial subsidy both from him personally and businesses within the Palmer Group, a situation which could not be sustained.

PROCAR will consult with its competitors and other constituents next week to seek input on the future of the company's intellectual properties, including the racing categories.

-procar-

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Series Supercars
Tags AUSUTE