AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Decisions, Decisions; IRL team owners are scrambling to sign engine deals for 2003.(Indy Racing League, planning for the 2003 season)(Brief Article)

AutoWeek

| August 05, 2002 | Cavin, Curt | COPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

With the first of Toyota's new Indy Racing League engines track testing July 22 comes the realization that 2003 is just the throw of a camshaft away. And not surprisingly, teams have begun load-ing up.

Toyota has signed series points-leader Team Penske, Kelley Racing and Ganassi Racing as customers. General Motors has inked defending league champion Panther Racing, 2000 winner Hemelgarn Racing, Blair Racing, A.J. Foyt Enterprises and, as of Sunday's race at Michigan International Speedway, Team Menard. That leaves Honda and the backbone of the soon-to-crumble Infiniti camp, not to mention whatever CART programs switch to Tony George's league, if any.

``There's a lot going on,'' says Eddie Cheever Jr., who owns a multi-car IRL team. ``Some of it still needs to be sorted out. But it's shaping up, isn't it?''

Yes, it is. And given the uncertainty of having up to three new engine manufacturers in 2003, no one is sure if the decisions made this summer will be the right ones come spring. Most team contracts will be for three years (the length of time the manufacturers committed to), although several teams have shorter deals.

Consider the options:

* GM is the incumbent, it's been in the IRL since the CART equipment was dropped after the 1996 season. Chevy's 2003 model went to the dyno last week. But some owners worry about GM's ability and financial commitment to keep up with the incoming Japanese, whose history is to knock the living yen out of each other. GM has never gone head-to-head with Toyota and Honda in motorsports and probably doesn't comprehend what Toyota and Honda will bring. ``You'll get more for your money with [the Japanese],'' said small-team owner Sam Schmidt. ``They'll be your marketing partner and your advertising partner. And the engine support will be more than we're getting right now with GM.''

GM's Joe Negri insisted his company will meet any bar the competition sets. And unlike the secretive lease programs that Toyota and Honda encourage, GM claims it prefers to work under the present IRL system of selling its engines to builders. However, one of this year's Chevy team owners, who refuses to be identified until he secures an engine package for 2003, says GM's system is flawed. He insists GM plays favorites that is reminiscent of the worst days of CART, when only the board of directors got the top goods. GM's favorite: Panther Racing. ``It's ridiculous, and ...

Related articles from newspapers, magazines, journals, and more
Toyota may drive past slowing GM: Japanese car giant expects production to rise...
Newspaper article from: Chicago Tribune (Chicago, IL) December 21, 2005 700+ words
...Healy. "It's likely that Toyota will pass GM in volume worldwide, but I...in 2006." Falling behind Toyota would be another blow to GM--this time to its prestige...North America, not to stop Toyota. GM would gladly sacrifice its...
Hybrid effort: Trio takes on Toyota: GM, Chrysler and BMW have gotten together...
Newspaper article from: Chicago Tribune (Chicago, IL) September 1, 2006 700+ words
...both badly lag industry leader Toyota. But GM and Chrysler, along with German...compete with industry juggernaut Toyota in hybrids. GM and its partners will invest more...compete in this arena. To catch Toyota, GM and its partners are adopting...
GM AND TOYOTA REACH AGREEMENT TO CONTINUE NUMMI JOINT VENTURE
Press release article from: PR Newswire June 28, 1993 700+ words
...s duration to December, 1996. GM, Toyota and NUMMI are petitioning the FTC...In their petition to the FTC, GM, Toyota and NUMMI state that "it is in...81-3-3817-9935, all of Toyota/ (GM TOYOY) CO: General Motors Corp...
GM, Honda gain in productivity: Gap with Toyota narrows; job cuts seen helping...
Newspaper article from: Chicago Tribune (Chicago, IL) June 1, 2007 700+ words
...the gap with industry leader Toyota. GM also had a first with the most...number of labor hours it took Toyota to build a vehicle. GM was fourth overall and highest...improvements," he said. Following Toyota's lead, GM adopted a global manufacturing...
GM, CRUSADER BUILDS FORKLIFT ENGINES FOR TOYOTA
Press release article from: PR Newswire May 24, 1995 700+ words
...engine plant has supplied Toyota. "GM Powertrain already has...which are shipped to Toyota's Georgetown, Kentucky engine plant. GM Powertrain is the world...4029/ (GM TOYO) CO: GM Powertrain Division; Toyota Motor Corporation; Crusader...
TOYOTA: GM, Toyota team on vehicles of the future.
Press release article from: M2 Presswire April 21, 1999 700+ words
M2 PRESSWIRE-21 April 1999-TOYOTA: GM, Toyota team on vehicles of the future (C)1994-99 M2...whatever technology is adopted must be widely available. GM and Toyota, by virtue of their global resources, are technological...
Toyota, GM rate high with J.D. Power.
Newspaper article from: Dallas Morning News (Dallas, TX) May 19, 2005 700+ words
...Initial Quality Survey, with Toyota, Lexus and Scion models capturing...different segments. Staff graphic GM, which has scored well in...similarities underscore the ironies in Toyota and GM's survey rankings. Golden Toyota has consistently recorded monthly...
NUMMI joint venture in California was a classroom for change; From Toyota, GM...
Magazine article from: Automotive News September 15, 2008 700+ words
...unprecedented deal: GM, the world's largest...rising challenger Toyota. Both parties had...known as NUMMI. Toyota wanted to learn to...States. In a sense, GM wanted the same thing...Fremont, Calif. GM's NUMMI personnel got a close look at Toyota's vaunted production...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA