As the global economic recession bites, two prominent motor racing series are in dire straits. For the Middle East and Asia-based stock car concatenation Speedcar, the end of the road has come. The official website is off the air amid reports the organisation has been closed downward after even-handed two seasons.
Speedcar featured house cars driven by the agency of mainly ex-F1 drivers, including Jacques Villeneuve, Jean Alesi, Johnny Herbert, Heinz-Harald Frentzen and Vitantonio Liuzzi.
Meanwhile, it is reported that the future of the A1GP series is in serious doubt, following the collapse of the British anterior member of the organisation. A1 Grand Prix Operations Ltd ran the day-to-day administration of the championship but went into liquidation last Wednesday, the Telegraph newspaper said.
“Like many people other companies in today’s difficult economic environment, we had cashflow problems and we haven’t been able to pay them (the suppliers),” a spokesman confirmed.
Source: www.motorauthority.com
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