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Press Release: PENSKE ENTERTAINMENT TO ACQUIRE HULMAN & CO INDYCAR ASSETS

November 4, 2019 by ponycargirl Leave a Comment

Penske Corporation, Hulman & Company News Conference

Monday November 4, 2019

Tony George

Chairman of the Board, Hulman & Company

Mark Miles

CEO, Hulman & Company

Roger Penske

Chairman, Penske Corporation

THE MODERATOR: Welcome to the Indianapolis Motor Speedway, the beginning of a new era for the speedway and for the sport of IndyCar. I appreciate all the distinguished guests that are here today and also our friends from the media that have joined us here this morning, along with all of those that also have joined us on the conference line, and of course we can’t forget the fans, the members of the racing community that are watching through live stream on IMS and IndyCar.com.

A press release detailing today’s important announcement is being distributed as we speak and will be available also online and hard copies available for all of you in this room today.

Carl Fisher first had the vision to build the Indianapolis Motor Speedway in 1909, some 18 years later, Eddie Rickenbacker purchased the speedway from Tony Hulman and Hulman & Company became the owners of the world’s most famous racetrack in 1945. The Hulman-George and the Hulman & Company families have been the stewards of this great speedway for 70 years and more, and today we’re excited to announce there will be a fourth owner-operator of this historic venue, this historic, iconic facility that hosts some of the biggest races on the planet, including the Brickyard 400, and of course the world’s largest motorsport event, the Indianapolis 500-mile race.

The board of directors of the Hulman Company have entered into an agreement to be acquired by Penske Corporation. Under the agreement, Penske Entertainment, a subsidiary of Penske Corp, will acquire all the principal assets of Hulman & Company, including the Indianapolis Motor Speedway, the NTT IndyCar Series, and the IMS Productions.

The acquisition will close following the receipt of applicable governmental approvals and other standard conditions. Today we welcome key principals from both Hulman & Company and Penske Corporation here to discuss this historic announcement: Tony George, chairman of Hulman & Company; Mark Miles, President and CEO of Hulman & Company, and Roger Penske, founder of the Penske Corporation. We’ll hear from each of our guests this morning and then open it up for questions from the media.

Tony, I’ll start with you. This is a very historic day for the speedway, NTT IndyCar Series, IMS Productions, and in particular Hulman & Company and your family. Can you provide us some insight on the decision to sell the Hulman & Company and its iconic assets, and what led you to Roger Penske and Penske Corporation?

TONY GEORGE: Thank you all for being here. I would like to recognize my family that’s down in front. All of them are here, but specifically my sister Josie, my sister Kathi, my sister Nancy, who are on the board of directors as well as I see Jack Snyder here and John Ackerman, and I don’t know if I see any others, but I want to thank them for being here and for their support in this decision. It was an important decision for our family, especially at this time.

Over the course of business through the years, we’ve always looked at strategic opportunities, things we might be able to do to grow and expand our capabilities here. We’re a 169-, almost 170-year-old business, and we’ve been in a lot of different businesses during that time. We’ve been distillers, we’ve been brewers, we’ve been grocers, we’ve been produce, canned goods, just about everything, financials, utilities. But in 1945, in fact about two weeks, 10 days from now, it will be 74 years since that last transition of stewardship took place, and we’re very proud to have come together the last several months, I think, to make some very important decisions, one about an iconic asset that the family cares very deeply about, as well, and that’s Clabber Girl baking powder.

But now this one is extra special to all of us because we’ve all grown up around it. Nancy and I, we came home from the hospital to home just right down the street here, so we’ve literally grown up around it. Our kids and grandkids have done the same. Bittersweet, but very exciting for us because we know that we’re passing the torch to an individual who has created an organization that is not only dynamic but it’s ideally suited, I think, to take over the stewardship, a corporation that is family-involved, much like ours. But with a track record that is really without compare.

We’re very excited to be in a place where our process took us to a point where we as a family all agreed we needed to have a conversation with Roger Penske. I approached him at the final race of the season, not wanting to distract from the task at hand, which was bringing home another championship, but I wanted to wish him well on the grid, and I just simply said, I’d like to meet with him and talk about stewardship.

He got a very serious look on his face and followed up after he clinched his championship with an email and then another email the next morning, and we set it up. I invited Mark to join us for that meeting, and kudos to both organizations who worked very closely together very quickly. It was a pretty easy — not easy by any means, but this isn’t their first rodeo, your first rodeo, your first rodeo. So they were able to execute around diligence very quickly, and it led to an announcement that miraculously — not many things are kept under wraps around here, but this was fairly well contained, and we were able to really, I think, present this to the world this morning.

That’s kind of the way it came about, and we’re just very thankful for the opportunity to be here today and to work towards this closing. Very excited about welcoming the Penske Corporation, Penske Entertainment as new corporate citizens.

THE MODERATOR: We’re thankful to be here with you, as well, today with you and your family. Thank you. Mark, I’ll ask you a question now. We’ve seen some great positive growth and momentum from the series over the last several years, of course, the Indy 500-mile race, seeing crowds of 300,000 plus year after year after year, and some great action of a competitive nature, what’s happening on the speedway across North America. With today’s announcement and the new era that’s beginning, how can that momentum continue and move forward in your eyes with the Penske Corporation?

MARK MILES: Thanks, everybody, for being here, and thank you, Tony, for all your support over the years and your comments today.

I know I speak for everybody. I think we have 260 people or so that work either at the speedway or INDYCAR or IMS Productions, and it’s fair to say that every day people understood that whatever progress we were making was based on what had come before us. So before we say anything about the last few years, we just want to recognize that it was really everything that came before us that gave us the opportunity to try to make more progress and to achieve more growth.

And I think Tony and perhaps other family members will continue to be involved, so I think that’s really important.

We will make great progress because to me this is an absolute hand-in-glove fit. Roger’s background in racing and his superb effectiveness of everybody that works in the Penske Corporation is pretty well-known to everybody, and as was said, he didn’t need a lot of diligence on the history of the Indianapolis Motor Speedway or INDYCAR to know us.

So the most important thing I think in this transaction in making these arrangements was the convergence of really the transition from the phenomenal heritage we come from and the understanding of that with Roger to what is possible going forward. We are very proud of what’s happened over the last several years, and many of you are from Indianapolis. You know here that we had this unbelievable opportunity with the 100th running in 2016. I think the community really responded to that. And that gave us the chance to build from there, and so we’re still staying at a really good place in terms of attendance and all that — in terms of fan engagement here. And we’ve tried to be innovative in the events we bring here, and I think that will probably continue.

INDYCAR we’re just so proud of. It’s probably been a little bit more of an up-and-down history over the longer term, but there’s no question we have great momentum now. Every fan metric shows growth. We’ve kept our traditional longtime fans, and we’re growing the fan base and adding younger fans all the time.

It’s without a doubt in our minds the best form, most exciting form of racing on the planet, and with Roger and Penske Entertainment as our leaders now, we see nothing but more of that growth.

And I don’t want to forget IMS Productions. It’s a great company that has turned — has earned a reputation of being great storytellers, so they create a lot of content, not just for racing but for other customers, as well, and of course they are the nerve center for the television productions that allows Indy car racing and everything from the 500 to reach so many people around the world.

So the shorter answer to your question is we have a parent now that appreciates the history of the past, the history and the past, knows our business inside and out, gets things done. I love that Roger has said more often than not he cares about the talent, the people around him and how hard they work, how much we can get done, and I know that everybody at the Hulman & Company has felt that way for some time and looks forward to working for you, Roger.

THE MODERATOR: Thank you, Mark, and know that we have your interests in mind in keeping that momentum going. Believe us.

Roger, to you now. You and your race teams have had an incredible history, legacy here at the speedway and of course in the NTT IndyCar Series. Can you describe what this moment means to you personally and professionally as you sit here today?

ROGER PENSKE: Well, I think to everyone that’s here today and around the world listening to this iconic event, I really have to wind back to 1951 when my dad brought me here when I was 14 years old, and I guess at that point the bug of motor racing got in my blood I’d have to say, and to think about what it’s meant to our company, the brand that we’ve been able to build — it’s interesting, I talked to Mario Andretti today and AJ Foyt, and we all agreed what the Indianapolis 500 has meant to us as individuals and as a company, and certainly our company.

And I think that what it really says, that in the United States of America, if you work hard and you’re committed and you have a great group of people, you get great success. So today I hope my dad’s looking down at me and looking at this group and saying, Son, you did a good job.

I’ve got a big commitment here to take over certainly as the steward of this great organization and what’s been done here in the past for so many decades. It’s my commitment to the Hulman family. The fact that you would select us is an opportunity to take on this investment, it’s amazing, and I just want to thank Tony and everyone else that’s been involved in this.

Certainly Mark, you’ve got a great team. We don’t have a gymnasium full of people to bring here. When we buy a business, we look at the people, and the great thing is we’ve rubbed shoulders with many of the people here over the years, so we’ve seen this organization grow, and I certainly think that certainly, IMS Productions does a great job.

What’s happened today with the media partners, there’s just no question that we have the opportunity to grow, and (INDYCAR) will be one of the greatest series as we go forward.

I’m humbled today to say that, and I want to thank Tony, you again and the family for this opportunity, and Mark, I look forward to continuing to work with your team in the future.

THE MODERATOR: Thank you, Roger. Now let’s open it up to questions from the media.

With that, I’ll open it up to an orderly fashion here with the media, if you can state your name and where you’re from. There’s a microphone being passed around.

Q. Why is this important for you to take over this place, and are there some changes in mind that you’d like to make?
ROGER PENSKE: Well, I think we look at businesses that we invest in where we have domain knowledge, and I think the fact that we’ve been coming to this track for almost 50 years and seeing the growth of the series and understand the technology and it’s also a great business opportunity for us to grow it to the next level, and we look around this thousand acres and we say, can this be the entertainment really capital, not only the racing capital of the world but entertainment capital of the world in Indiana, and be able to support the state, the governor, the region, the city, the town of Speedway, and continue to grow it.

We’re going to invest capital. We know the economic benefit today that this race brings to the region is amazing, and we want to grow that. It’s important to us.

Q. Part of the speedway is the Indianapolis Motor Speedway nonprofit foundation and the museum. What are your plans moving forward with that part of the speedway?
ROGER PENSKE: Well, every time I get to go to the museum and get to see all the wonderful pieces of art there, it’s amazing. I can assure you that as part of our discussion, we’re going to support the museum the same way the Hulman family has done in the past.

Q. Tony, 1945, Tony took over this place. Great history, obviously, with his family. How difficult ultimately was this decision for you and the family?
TONY GEORGE: Well, it’s obviously emotional, emotionally difficult, hence the choking up. But we all love it, and we all care deeply for it. I think we all realize that as a family and as an organization, we probably had taken it as far as we can.

I think that Roger, his structure, his resources, his capabilities that he demonstrates is only going to take this to another level, so that’s what we’re all about. We’re supporting that continued — elevating this asset and staking a new claim on its future. We, with emotion, are happy to be here today.

Q. Roger, we’ve talked about the momentum. How do you build on the momentum? What’s on your wish list for let’s say the first 30 to 60 days?
ROGER PENSKE: Well, I think what I plan to do tomorrow, ironically, is to walk the entire facility and strategically sit down with the existing team and get their top 10. I always like to work from a top 10 and see the things that we can do to make it fan-friendly, certainly from a competitive perspective, I’m planning to really step down from being a strategist on the pit box. You won’t see me there on race day. I think I’ve got a bigger job to do now, is to try to see how we can build the series to the next level. It will be nice to bring another car manufacturer in. I know Jay Frye is working on that; can we have someone else come in to join the series.

I think we look at the speedway itself, the investment with the 100 million dollars that was put in a few years ago before the hundredth, I think you’ve seen a tremendous change, and we want to add capability as there are more fan zones, what can we use this for, can we run a 24-hour race here, can we run a Formula 1 race here. What are the things we can do? This is a great asset. Once the tradition had been broken in adding the NASCAR race, which obviously we’re going to get behind that in a big way because for 27 years they’ve run here. So I look at all of these across the board to see what can we do.

This business is not broken. This is a great business, and the leadership team that’s been here has done an outstanding job, and what we want to do is be a support tool.

We bought Michigan Speedway in 1973; it was bankrupt. We built California. We help with the promotion of the Grand Prix in Detroit. This is in our DNA, and I think with input from the media, certainly input from our sponsor partners and all the teams — I had a chance to talk to most of the teams today, the principals, and we’re looking forward to getting together with the car owners and seeing what we can do to make IndyCar even stronger, and I think that’s something that would be a priority for me.

Q. Mr. Penske, what can fans expect will be different in 2020 race and then going forward over the long-term?
ROGER PENSKE: Well, that’s an all-encompassing question. Number one, I want to be sure that we’re as good as we’ve been, and I’m going to count on this team here. Remember, I’m going to be the new guy in town, so we’re going to take those plans and see if we can add anything to it that makes it better. But I don’t think you build a business overnight. This didn’t get to 300,000 in three or four years, so we have to be rational on our investment.

But we’re interested in economic development in the community, the Hoosiers that support this all over the state want to see this become and still be the iconic race of the world. So we’re going to do this a step at a time, and I think that we’ve got here probably the next 60 days we’re hoping to close this very early January based on all the regulatory things we go through, and I think at that time we’ll have a had a chance to talk to all the leadership here and get some good input because this is obviously a chance for us just to add our support and our shoulder to make this better.

Q. Roger, what do you envision in terms of a management structure being put in place? I know you mentioned that you weren’t overflowing with personnel so far, but what do you envision as an either combined Penske Corporation, IMS/INDYCAR fusion of management and how far have you and Mark Miles and company wandered down that road?
ROGER PENSKE: Well, I think, as I said earlier, we have no intention of changing the management teams that are place today, and certainly we’ll have a board that we’ll announce at the time of the final closing of the transaction, and we hope to have a diverse group of people on there that know the business and can support the business, take us to the next step. That’s going to be part of our plan.

And we also, just to put it in perspective, we’ve offered the Hulman family members if they’d like to have an interest in the company that we would look at that during between now and when we get to the end of the closing.

Q. Just another one quickly on looking at the investments needed, Roger. You’ve always been one who you’ve never spent freely for the sake of spending, you’ve always said show me a business reason to invest and I’ll take that under consideration. Are there areas that you see now maybe less with IMS but more with the NTT IndyCar Series where you believe some infusion of funding would actually help move the series higher, faster, sooner, something to get it to some semblance of what it once was?
ROGER PENSKE: Well, let’s look at TV ratings are up, attendance is up, social media is up. We’ve got NBC as our partner, not only the network but also on cable. It couldn’t be better. The competition, you know it yourself, coming down to three or four drivers being able to win the championship at the last race. I think the racing product is excellent, and the fact that we have short ovals, big ovals, the Indy 500, then you have street courses and permanent road courses, I think the venues are well-balanced.

Look, it would be great to have another venue here in the U.S. this is a North American sport, including obviously Canada. I think what we have to do is be sure that we can get people that want to invest in the series with us, and to me, the product is good, I think the officiating, Jay Frye, Kyle Novak, certainly Arie Luyendyk and Max Papis from the stewards, that process is the best it’s been.

I think what we have to do is maintain our data equity and through social media and getting the sponsorships, I think when we sit down with the team owners and give them a chance, and we be very transparent with them and we’ll let them see how they think we can add to this sport because this has got to be done not just by us, it’s got to be done as a team effort, and to me, you can’t walk in here today and make an announcement like this. We’ve been wide open here for the last six weeks to try to get to this finish line, and I think now what I want to step back with our team and with Mark’s team and be able to look at the things that they see because they’ve been much closer to it than I am.

I can tell you what the garage area looks like and what pit one or pit two looks like. I like being in the winner’s circle, I do know what that looks like. That I do know. But I can’t tell you that — we’ll have, I think, as I say, a top 10 by the time we hopefully get to the closing at the end of the year.

Q. Mr. Penske, you talked about an investment. Everybody likes to know the details. Want to share the purchase price with us?
ROGER PENSKE: Well, we’re a private company and the Hulman Company is private. We don’t really discuss those at this time.

Q. Mr. Penske, Penske Entertainment is going to be a new core company that you create. Are you going to be spending more time in Indianapolis maybe from the Penske Corporation up in Detroit, or I mean, how are the logistics of that going to work? And also I have a question for Mr. George as a follow-up.
ROGER PENSKE: You can be sure that with an investment like this that I’ll be here other than the month of May for sure.

Q. Mr. George, when you think of the Hulman family legacy that has existed within the state of Indiana for 150 years or more and just the historic perspective of what the family has really meant for the state of Indiana, how can you even begin to put that into perspective?
TONY GEORGE: Well, I can’t say that I know for sure, but it’s an honor. It’s close to 170, and just this past 18 months or so, I had the opportunity, which I never took the time to do before, but that was to read a historical transcript of sorts – it’s really a book on the first 100 years of Hulman & Company, and that really shed a lot of — it opened my eyes to a lot that I didn’t know. Some of my sisters knew some of that lore and whatnot, but I wasn’t really familiar with it.

You know, that’s been kind of baking for the last 18 months or so. But you know, it is somewhat bittersweet, I said, because the 170-year-old company as we know it is coming to an end. But we’re very, very proud. We feel like we’re going to continue to be a part of it. Everybody who comes here has their own story, and there are memories and the accomplishments that make it special for them.

We’re just fortunate that our family and our family business has had a 73-year run being part of it and being a steward, and we continue to be grateful for the opportunity that we may have going forward, and I for one intend to take advantage of it. We’ll be here supporting the events with teams. Maybe our little team to expand to do other things, which we’re going to need to do. So if Roger has a 24-hour race, by George I think we’re going to try and be here. We may have to look at getting into NASCAR, too.

You know, those are all things.

I think once the momentum continues to swell here, I think it’s going to raise all boats, so hopefully, we’ll have that opportunity to continue to be involved and work right alongside Roger and his group and all of the teams and fans and media that come here to enjoy it.

ROGER PENSKE: We’ve got a couple of extra NASCAR cars, too, Tony. (Laughter.)

Q. I’m from the town of Speedway. We live here. We’re going to miss you, Tony and family. We’ve been talking about you for 100 years, so we have to change our conversation now. But Mr. Penske, do you have any message to the town of Speedway in anticipation of us welcoming you with open arms to this area?
ROGER PENSKE: Well, obviously the town of Speedway has been very important, surrounded this iconic track for the entire time it’s been here. What I would say that the growth and the ability to see what’s happened there is just part of what we see the momentum is around the track. I take my hat off to the city fathers and the people that are there. I of course represent Al son in one of our businesses, so I’ve been coming here a long time. To see the growth and what’s going on just makes me even feel better about the opportunities we have here, so I would say to the citizens and the people that live there and work there that we’re excited to be a partner.

Q. Roger, one of the few things that’s come up that people are questioning on this is conflict of interest. I noticed you said you’re going to step down from the pit stand; how will it work with a team owner running both the speedway and the series?
ROGER PENSKE: Well, I think as you look at the construct as we go forward, the sanctioning body and (NTT IndyCar Series) will be a separate company, and the other assets will be in the speedway.

And I think with the proper board — I think you have to ask our competitors at this point. Tony has been a car owner and we were talking about it today. I think Tony has said all along, Wilbur Shaw or Eddie Rickenbacker have been drivers, so there’s been some history, but I don’t want to leave this conversation without knowing that I understand the integrity, and there’s got to be a bright line, and to me I know what my job is, and hopefully I’ve got enough credibility with everyone that we can be sure that there is not a conflict, and I’ll do my very best to be sure that isn’t. If you think it is, I hope that — I know that you folks will tell me pretty quick. So I’ve got a lot of guys watching me.

Q. My second question is you have been on record as wanting guaranteed spots for INDYCAR regulars in the Indy 500, which is the second question that fans are asking. Is that something that you can now implement, or what is the process on rule changes going forward, and where do you stand on that?
ROGER PENSKE: I didn’t understand the question. Would you repeat it?

Q. Yes. The second thing that fans are quick to question is your position on guaranteed spots in the Indy 500. Now that you run the race and the series, is that something that you will try to implement?
ROGER PENSKE: Well, that’s been a discussion before, and I think that that will be a strategic discussion that will be taken up with the senior leadership here. I wouldn’t make a comment today one way or the other. I think it’s really up to Mark and Jay and the team to make that decision. I think some of the excitement has been in the past the fact that we had people that wanted to come into the race. We also have to understand people who commit to the entire season and take this series around the country, around the world potentially, we need to be sure they’re taken care of.

I think it’s a debate, but at this point, I wouldn’t comment one way or the other.

Q. Mark, you’ve been involved with Indy Sports Corp, you’ve been involved with the Super Bowl. How do you see this change of ownership and this legendary handover of this iconic site and this race affecting Indianapolis Motor Speedway and the overall sports agenda and world here in central Indiana?
MARK MILES: I think the news today has international implications that are very positive, but I think for Hoosiers, people here, it’s even more true. So we’re involved in the Super Bowl here. Roger chaired the Super Bowl in Detroit. He understands community and the importance of great corporate citizenship. I was talking to Roger a couple nights ago, and he was traveling to raise money for United Way in Michigan.

I know him to be a great corporate citizen. I know their company thinks that way. It’s just their mentality, and I think it can only be a really great thing. I think Tony said to have a new — an additional family as a corporate citizen here in central Indiana.

And then to have the resources and the knowledge and the ability to execute that they do will mean that this place will continue to grow and the series will continue to grow, and that can only be a good thing for the city and the state.

Q. This is a two-part question for Roger. You talked about having a commitment to NASCAR. Can you go specifically into what that means, and will NASCAR continue to have a date there long-term?
ROGER PENSKE: Well, I think you look at 27 years, there’s no reason to break that string of races. I had a chance to talk to Jim France late last night to tell him that we were going to have this conference here in the morning, and he obviously was excited. We’ve worked together. We were partners with ISC at Homestead. We actually sold our business to them back several years ago. So we have a very close relationship and certainly with Jim and with Steve Phelps and Steve O’Donnell and the entire France family. We would expect to take this for many, many years.

They need to run at Indiana. We want them to, and there’s no question that we’re going to look at opportunities to expand the relationship with them in the future.

Q. One thing you have talked about that you’re in favor of is running a double-header weekend, INDYCAR and NASCAR running on the same track in the same weekend. Is Indianapolis now a candidate for that to happen?
ROGER PENSKE: Well, I think it was interesting to see (Josef) Newgarden run around what they call the Roval here down in Charlotte several weeks ago, and I think it was pretty exciting. I think some of the fans had never seen an Indy car on an oval or a racetrack. Look, those are things, sitting down Tony will give us some of his input and certainly Mark and the team, are those things we can do, can we execute those so we bring value here to the speedway.

Look, we’ve got to break some glass on some of these things, don’t we. We’ve got to try some of this. I’m prepared to take a risk. No risk, no reward in many cases. Those are the things that Mark, with you and your team, that we’ll take a look at. But I wouldn’t say it’s out of the possibility.

Q. Roger, Tony had talked about how everyone has their own story here, and I know you know the tradition here is so important to so many people, from the name of the venue to not having lights at the venue to bringing in your own cooler. It goes all the way down the list. How do you balance progress while still being aware of the tradition and the heritage, and how much does that get tweaked moving forward?
ROGER PENSKE: Well, I think it’s important to know that one of the things that I care most about are the men and women in our armed forces and the first responders that we represent and compliment every Memorial Day, and then having the July 4th race, think about the two of those, we’ll continue to support that with our hearts, and certainly from a tradition perspective.

There’s nothing more to me, that gives me more feeling than to stand on the grid and see the flyovers and see the men and women in the services each year, so I can tell you we’re going to push harder on that to be sure we respect them and the tradition and the pomp and ceremony is certainly going to be top of mind.

Q. Will you explore night events in terms of racing at this venue?
ROGER PENSKE: Well, I think we have to look as is the investment in lights or is the investment in something else we can do here to make the speedway and (INDYCAR) a going entity which gives us the results we expect.

Q. It’s obviously going to take up a lot of your time, so how much less time do you think you’ll be able to devote to your NASCAR team and possibly your INDYCAR team?
ROGER PENSKE: Well, I don’t know if there’s any more weekends than 52, but if there are, I’ll probably fill them up with some racing opportunities. My wife says, I tell her that this is my fishing trip and golf game. My golf game is not good these days anyhow. But look, I spent a lot of time at the tracks. I love it. I want to be there, and I think that’s a knowledge base for me, too. I’ll continue. The good news is that it’s a short flight here from Detroit to get to Indianapolis. We know a lot about it, and I think with the communications capability we have today, we can be connected from a business perspective.

But from a racing perspective, I’m committed 100 percent to our team. We’ve got over 500 people down in Mooresville where we have all our teams, and with Tim Cindric as our leader, I’ll be working with him just as I have in the past.

Q. You got dropped off here when you were 14 years old, and I wonder what your memories of that day were like, what you saw, what you heard, what you felt.
ROGER PENSKE: Well, I’ll tell you, it’s interesting. I’ll tell you a little story. My dad worked for a metal warehousing company, and they were a lap sponsor, so he got a couple of tickets, and we were invited to go to a luncheon, and I remember we got here, and we got to the house and everybody was gone. But out back was a — if you can believe it, was a show car, a front-end roadster, and I sat in it and got my picture in it. So that was one of the things that really made me start my interest. Then we came out to the track obviously and saw the race. Lee Wallard won that race in 1951, and I think I was here every single time until one of the poorer moves we made is when we split from the speedway and running here for a number of years, but I was I think here every year since then.

To me that was my first encounter with the speedway.

Q. Mark, I wanted to ask first of all, do you think having the Penske Corporation behind it, does that encourage more involvement from be it manufacturers or bigger corporate sponsors who have possibly dealt with Roger in the past and know that he’s a guy that gets the job done?
MARK MILES: We think so. Roger’s relationships and reach globally in a number of sectors, many sectors of the industry and sport, are remarkable. Some of us have to work really hard to get the right person to pick up the phone. Roger may short-circuit that a little bit, and not infrequently.

Yeah, I believe Roger will answer our call and have his own thoughts about all parts of how to grow this. But as he already mentioned, having a third OEM is one of our priorities and one of our goals, and I’m sure Team Penske and Roger will help.

FastScripts Transcript by ASAP Sports

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Lightning McQueen coming to the Canadian Automotive Museum for Christmas

November 22, 2017 by Gary Grant 1 Comment

Many years ago, Disney’s Pixar group made a big splash in the GTA when the stars of the hit movie Cars arrived at Vaughan Mills to spend a day showing off for the fans. The 2017 Christmas season is going to be even more exciting, as Lightning McQueen is spending the whole month of December at the Canadian Automotive Museum in Oshawa!

The museum has undergone a gradual rejuvenation in recent years, with a big focus on creating activities that are fun and interactive. The arrival of the star of the Cars movie franchise is the latest in a series of fun events aimed at kids.

More details in the CAM press release

Oshawa, ON – The Canadian Automotive Museum (CAM) is excited to announce the arrival of a full scale model of Lightning McQueen from Disney Pixar’s Cars 3, now available on Blu-Ray™.

The iconic main character from Pixar’s Cars animated film franchise, Lightning McQueen is part athlete, part stock car. McQueen is voiced in the films by actor Owen Wilson and was named after the late Pixar animator Glen McQueen, who passed away in 2002. According to Cars director John Lasseter, McQueen’s shape was influenced by sports cars like the Corvette C6 and Ford GT40, as well as sports stars Muhammad Ali, Charles Barkley and Joe Namath.

Lightning McQueen will be on display in the main gallery of the Canadian Automotive Museum through December 2018. Exciting kids programming is being scheduled throughout the year in conjunction with the display, including fun Family Day, March Break, and summer vacation activities.

“We are thrilled to have Lightning McQueen on display as a starting point to connect younger visitors with automotive history” said the museum’s Executive Director, Alex Gates.

A free public reception for Lightning McQueen will be held as part of the Canadian Automotive Museum’s annual Holiday Open House on Friday, December 1 from 4pm to 7pm. The CAM opened in 1963 and maintains the world’s most significant collection of Canadian cars. Located in downtown Oshawa, the museum building is housed in a former 1920s auto dealership building. The museum is open year-round, Monday-Friday 10am to 4:30pm and Saturday 10am to 4pm. For more information visit www.CanadianAutomotiveMuseum.com or call 905-576-1222

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/DRIVE reveals new business strategy, pledges to continue creating great content

July 30, 2014 by Gary Grant Leave a Comment

drive

Here in The Garage, we’ve been big supporters of the gang behind the stellar YouTube channel /DRIVE since I met up with a bunch of the guys at IMPA Test Days way back in 2007. Back then, we were all considered the new kids of automotive media and were the first batch of webbies to be accepted as members. Since then, we’ve all had life changes, but have continued working in automotive media to fulfill our passion for automobiles, with varying levels of success.

J.F. Musial, Mike Spinelli and their crew have gone on to create some of the best automotive video content the world has ever seen, across a variety of outlets, from YouTube up front, to behind the scenes for a few auto manufacturers. The team’s latest project, /DRIVE not only provides stunning visuals and commentary, but has generated some staggering statistics. In just two years, /DRIVE has amassed a staggering 1,146,724 subscribers and their videos have been viewed 193,522,560 times.
[Read more…]

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Race cars, Le Mans and Captain Picard = A Winner!

March 26, 2014 by Gary Grant Leave a Comment

journey

I’m not sure exactly how I missed this video when it was released a couple of months ago, but it has all the makings of a winner.

The upcoming movie Journey to Le Mans follows British privateer team Jota Sport as they prepare for the ultimate challenge in auto racing: the 24 Hours of Le Mans. Narrated by non-other than Sir Patrick Stewart, himself a racing enthusiast, the dramatic trailer does its best to excite the viewer about the team’s efforts to conquer the legendary race.

As slick as it is, personally I would love to see some behind the scenes action and interviews but I would expect we’ll see that stuff in the movie.

Source: YouTube

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When the Car Dealer Loses the Script: A Buick Sob Story

June 4, 2013 by Tom Williams 3 Comments

2014 Buick Regal GS

Sure, we’ve all seen them-the cheesy tv commercials the local car dealership puts on your local tv station. Gimmicks, cheap suits you wouldn’t wish your worst enemy to be buried in, godawful production values and ad copy written by an eighth grader fronted by car salesmen whose acting is so wooden they would not stand a chance of landing a role even the smallest town’s local theater group. You either cringe, or laugh out loud at just truly awful it is. It’s one thing when the ad is by your local Honda, Chevy or Toyota dealer. The cars speak for themselves, and in many cases, sell themselves based on reputation alone. The buyer can laugh off those horrible commercials.

That’s fine when you are one of the best selling brands out there, but what if you are a brand trying to establish a new identity? A brand trying to come off as a premium one at that? That changes things. As automotive journalists, myself and Founding Editor Gary Grant have seen firsthand just how hard car companies try to foster a certain image to their prospective buyers. The work they do is exhaustive, I assure you. You, the car buyer, or casual enthusiast, many not see it, but major car manufacturers today have entire departments focused solely on social media, public perception, and are constantly trying to find new ways to reach out to new car buyers.

Take, for example, Buick. After GM’s restructuring, Buick stands alone as the gap between Chevy and Cadilliac, but was saddled with an aging buyer demographic and somewhat stale cars. Not the sort of thing that gets your adrenaline pumping. Buick’s current line, with the LaCrosse, Regal, and Verano are all fine cars seeking a new, younger, yet affluent audience. The cars are good, but Buick has a long way to go of changing the mindset of car buyers under the age of 60 to want their car.

Buick fully understands the image problem. A couple of weeks ago, I was invited to attend a special event in Boston, the hippest, most vibrant city in all of my native New England. In an effort to tap into Boston’s young, affluent car buying market, the idea was to combine the allure of fine cuisine with the opportunity to see, touch, and sample the latest and greatest Buick has to offer. Not an inexpensive undertaking, but fine food is a clever way of attracting the desired crowd. And hey, even if they do not actually buy a Buick, the casual Bostonian foodee is surely going to tell his/her friends and family that the new Buicks are actually pretty cool cars.

So, you see, Buick is trying their hardest with updating their image, with quality cars to back it up. But…those dealer ads. I won’t name them, but the local Buick dealer is airing a promotion called ‘A Buick for a Buck.” That is, a one dollar down payment for your brand new Buick. The advertisements are relentless, but the tagline on each commercial is the dealer ‘just wants to get you a loan.’ It brings the car down to the lowest common denominator. That it isn’t even about the car anymore.

And therein lies the problem. Buick is trying their hardest to build good cars, and rebuild their image with the aim to appeal to a broader audience-namely, a more affluent audience. But the local Buick dealer is the face of your company, and their message to the car buying public in your area is we will get you a loan as long as you have a pulse. In thirty seconds, the millions of dollars Buick has invested in their cars, and their marketing efforts have instantly evaporated. Buick wants to be an aspirational brand, but with tv commercials like these, they cannot. Buick, as a company, has set its sights on Lexus, but with ads like these, it literally leads a path to Lexus’ door, since they never put junk like this on the air.

Buick, you’ve done the hard work of building a good car. You know you need to reach out the the buyer you want, and you are. But the dealer is where the money changes hands. Sure, I could have gone to Boston, enjoyed the beautiful city and fine food as a backdrop to your cars and come away impressed. But my local Buick dealer keeps telling me if my credit is awful, or if I have one dollar, I can have a new Buick. And to the dealer, don’t tell me you can just get me a loan, tell me you can sell me an awesome car.

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Fashion’s Night Out with the Ford Fusion

September 9, 2012 by Tom Williams Leave a Comment

On a warm late summer night last Thursday, The Garage was invited by Ford to be a part of Fashion’s Night Out with the all-new 2013 Ford Fusion. The event was called a ‘pop-up’ and was no simple display of just a new car. The concept originated from Donna Karan as a means to show how sustainability and environmental friendliness are working in the fashion industry…and the new Ford Fusion. This is actually a part of a web series known as Random Acts of Fusion. If the notion of high fashion and a mid-size American car sound, well, odd, bear with me.

New York City has been an easy train ride away my entire life, but I’ve never been to the Meatpacking District where Ford was hosting the event. I’m no stranger of the intensity of NYC, but that night it was times two. In talking with Ford’s PR staff, I was told the emphasis was on the topic of sustainability. What the means in real talk is Ford is taking lengths to use more environmentally friendly and renewable resources in constructing their cars. And it just so happens the new Fusion is, in my opinion, drop dead gorgeous, so the car hardly looked out of place in the midst of high fashion and models.

Ford has flown me to their headquarters in Dearborn, Michigan twice this year. First to see the global reveal of the new Fusion, and again for the Go Further conference. This was the first time I have seen what Ford had been telling me from the comfort of their home office in person. Ford feels the next generation of car buyers see cars differently from anyone currently above the age of 30, and they are right. Stats show younger generations are gravitating to the city. Technology is a must, not a luxury.

Back to Gansevoort Plaza in the heart of the Meatpacking District. Next door, TV’s Oxygen Network is having a private party for a show I know nothing about, but there are velvet ropes, red carpet and people holding clipboards. Everywhere there are huge men in black suits. Across the street there is a club with a line 50 people deep waiting to get in. And then some random protest group making noise, about what, I could not tell you. Music was pounding from all directions. I had spoken to Ford, taken my pictures. I needed a break.

I found a place around the corner without a line, and sat with a $9 pint of Heineken, and tried to contemplate what just happened. Across the street from me stood a fleet of Mercedes S-Class and BMW 7-Series awaiting their owners. The Ford Fusion competes against the most common cars sold, the Camry, Altima, and Accord. Yet, at what seemed to be the epicenter of hip New York social life, people were checking out the Fusion. In droves. What struck me was that people were checking out a car that will sell just fine in Kansas City, Missouri to an average middle class working family, but some of these people were dressed in outfits that probably cost as much as my first Volkswagen.

I had time to spare, but I wanted to go home. Back to my family and bungalow by Long Island Sound. I hailed a cab, and when I told him to take to me Grand Central Station, he sighed ‘Thank God, I have got to get out of here!’ That says a lot from a NY cabbie. Even sporting my trusty Doc Martens and a sharp plaid shirt, I was hopelessly out of place. We cruised through Chelsea, where I’ve attended other auto events, which were much more my speed.

If it sounds like I had a bad experience, I did not. I was here for an assignment, and I learned a lot about how Ford is marketing their pride and joy. I questioned if they expected any of these socialites would buy a Fusion. But if anything, they are aware of it, and that it appeared to seamlessly meet their extremely high standards of style and fashion speaks volumes of the work J Mays and his design team has put into the Fusion. In my opinion, it was a success, and raised an awareness of a car this crowd never would have given a second thought to.

On my quiet train ride home, surrounded by exhausted New York businessmen playing with their smartphones, I am again impressed at the lengths Ford is going to reach out to new markets, and especially the ever elusive Generation Y. Having a plush Lincoln MKT awaiting me made the quick ride to home all the better, where I comfortably slipped back into my family life again.

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Going Further With Ford Part II

August 7, 2012 by Tom Williams Leave a Comment

Sorry for the delay folks, but I am pleased to report my second installment for the Go Further With Ford trend conference. In case you missed it, The Garage was chosen from an elite group of bloggers to attend this year’s Go Further With Ford event. Day one consisted of a series of interesting panel discussions which provided a glimpse of where Ford is headed.

For Day Two, Ford drove us to Dearborn proving grounds-the test track. Just to be there was a thrill. The cars you buy from the dealer are tested and fine-tuned right here. You get a sense of the seriousness of the facility with a control tower, much like an airport, overseeing all track activity.

As a car guy with some, but limited race track experience, my hopes of being unleashed on the proving grounds were dashed. Which I can understand. As a car guy, I was in the minority here, with bloggers representing subjects from the environment, fashion, parenting, etc. Ford would be nuts to let them loose.

But to keep things fun and interesting, we had to complete four tasks. My first challenge was to autocross the all-new 2013 Ford Escape. Our bogey time was 38 seconds, with a two second leeway. Ford’s intent was for us to push the Escape hard, which I did. I just made the cut, and have the I Love Pandora t-shirt to prove it. In my 40 seconds of driving it, the Escape was nimble and quick off it’s feet, but look for a full, proper review in the future. In fact, the new Escape will be in my driveway for Labor Day weekend.

Next up was the 2013 Ford Mustang GT. We had three choices. You could drive a Mustang with an automatic. You could drive a Mustang with a manual. You could be driven by a pro driver in a Mustang Boss 302. I’ll lay out the conversation:

Ford: “Mr. Williams, do you want to be driven on the course by a driver?”

Me: “No, thank you, I would prefer to drive myself.”

Ford: “Manual or automatic?”

Me: “Manual”

It was a brief stint, but the Mustang GT was a hell of a ride. I never got higher than third gear on the course Ford provided us. While I’ll always prefer driving myself, I have to say the drivers Ford had on hand to give rides on the Boss 302 ‘Stang put on one hell of a show. Full-on power slides and burning rubber was the order of the day for the Boss cars.

And from brute-force muscle car Ford takes me to the new Focus EV for a drive. On a short road course the Focus EV has buckets of torque, rides just as well as the conventional Focus The Garage tested, but what impressed me most was it’s greater range over the Nissan Leaf. I have been to events where EV’s were present, and there was always a desperation to keep a car plugged in. Not so with the Focus. The car simply kept plugging along.

My next challenge was to experience Ford’s latest technology. I tag-teamed another fellow. His task was to run to a Ford Escape, sync his phone and make a call. Once done, he passes a baton to me where I have to use a Ford Flex to park itself. I confess, I have had cars with this technology but was too fearful to use it. Under the eyes of Ford, I had to, and by golly, it worked. All it took was simply line up near a parking space, and the Flex uses its sensors to ‘find’ the opening. With nothing more than simple brake modulation, the Flex, by golly, parked itself. My task complete, I hand the baton back to my teammate, who samples another nifty Ford technology with the Escape. With a key on you, all it takes is a swipe of your foot to open and close the rear liftgate. Ingenious stuff for when you’re carrying a child or groceries. Yes, it was silly, but a fun way to sample the latest technology available in Ford vehicles.

Last event was an offroad romp in a 2012 Ford F-150 SVT Raptor. With a mighty 6.2L V-8 belting out 411hp, the Raptor is the ultimate truck for a muscle car fan. No, we would not be able to drive them-instead members of the Ford SVT team would take us out on Ford’s off-road course, and positively punish and beat the living snot out of the Raptor. Yes, there were some slow, and extreme angle off-roading that would match any Land Rover, but the emphasis was on the brutal power of the Raptor, as we drifted in a cloud of dust, its V-8 wailing as we pounded the truck. This was no burst of the throttle, dog and pony show. No. I had to wear a race helmet. By the time my ride was over, hanging on for dear life, my camera, cell phone, and car keys had been thrown from my pockets throughout the Raptor’s interior. In other words, way harder than I ever would have driven it. When I asked the driver after a long morning of punishing the Raptor if it was getting tiring, he simply replied ‘Hey, any other day I’d be sitting in a cubicle!’

After a catered lunch and some formalities, that pretty much closed out Go Further With Ford for 2012. Leaving Ford’s proving grounds, I looked on as cars continued to race around the track, the new Fusion more than any other car. For a moment I thought ‘This car is ready for production’, but in reality development and fine-tuning never stops. And I did  a double take when I saw a car I’d never seen before with no badges whatsoever as it made its way to the track as we pulled out. Hmmm….

With a couple hours to spare at the Detroit Airport, I contemplated the Go Further event. It was my second trip to Dearborn this year, having been in Detroit for the global reveal of the Fusion. There were fewer of us then, and a pronounced international presence. This time around, with about 250 of us who mostly seemed to be American. As a car guy, again, it was interesting to be hosted by a car company with a group of people who have nothing to do with cars. If that doesn’t make sense to you, hear me out. Ford is using social  media to promote its product, and as a fellow blogger told me, not all car buyers seek out automotive media outlets to learn about cars, and he is absolutely right.

In the span of two days Ford not only showed the technology they have now, but are fully prepared for a car market that is changing, and by all accounts Ford seems ready for it. Exhausting, yes, but extremely informative and entertaining. It was an honor to be Ford’s guest, and receive a front row seat to where the company is headed. It was a pleasure sharing the experience with you.

Ford Motor Company paid my airfare, hotel room and meals for this media event, but I was not compensated monetarily.

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The Garage Goes Further with Ford

July 9, 2012 by Tom Williams Leave a Comment

After being a guest of Ford for the global reveal of the new 2013 Ford Fusion in Detroit this year, Ford called on The Garage again to attend a two-day forum, ‘Go Further with Ford’. Along with over 250 bloggers covering auto, fashion, environment, parenting, marketing and a myriad of other subjects, we all descended upon Dearborn, Michigan, where we arrived for dinner at Ford Field, home of the Detroit Lions and host to Super Bowl XL. We were treated to a speech from none other than Bill Ford, great grandson of Henry Ford. Known for being an ‘industrial environmentalist’, Mr. Ford’s concerns and thoughts on the environment and future of the car would underscore what our next two days would reveal to us.

I had the opportunity to kick a ten yard field goal on Ford Field, and failed miserably. Check the gallery below for a pic of Ford social media chief Scott Monty kick a three-pointer, wearing a suit and dress shoes, no less.

Back to business the next day, we would be taken to four different forums, covering distinct subjects. The first for me was the Age of Accessible Design, and easily my favorite. Faced with a panel of people completely immersed in design, yet in worlds not related to cars, with one exception. Ford’s chief designer, J Mays was on hand, as well as Project Runway winner Christian Siriano. In addition, an architect and furniture designer were there to offer their point of view.

The discussion was riveting, and Mr. Siriano was entertaining and informative, but offered a different view from automotive design. Mr. Siriano can change trends instantly with his fashion design. With cars, as J Mays pointed out, it is completely different. Instead of next week, Mays is working on designing cars we won’t see until five years from now. J Mays was quite candid, emphasizing that each new car design is essentially a multi-million dollar gamble. You don’t often think of it from that angle, but it is absolutely true. But the most telling piece of info I got out of the forum was this. J Mays actually spends most of this time in the UK. Mays spoke about the ‘Europeanization of America’ in terms of design. That large cars are wasteful and status driven. In other words, don’t expect another mammoth Ford Excursion super-size SUV. Instead, Mays sees an America that is concerned about fuel cost and efficiency, which have driven the European car market for decades. It is now upon us.

Another forum focused on Eco Psychology. This is the motivation of Bill Ford, and he is intensely focused on being green, even if Ford’s board of directors are intent on only profits. To that end, Ford is doing extensive research on using natural and organic materials in building their cars. At the same time, Ford is adamant in letting the customer decide, not dictate their options. Be it gas, gas-hybrid, or EV, Ford is allowing the customer to make the choice.

Ford is also keenly aware of the shift in car buyer’s mentality. As a member of Generation X, mine is the last generation where getting a license to drive was viewed as a rite of passage, as a means to see something greater than what was in the confines of my hometown. Generation Y, or Millenials, see the world far differently from me and generations prior. They are in no hurry to get a license. The internet satiates their need for exploration. They gravitate to urban centers where everything they need is within walking distance. Having graduated to an unstable economy, Gen Y is driven to access to local amenities and superior public transit rather than a car. Still, a car is needed, which explains Ford’s relationship with Zipcar, a company that offers rental cars in major American cities by the day our hour.

What was most telling was Ford telling us Generation Y’s feeling disconnected while on the road-unable to text or web surf. While that sounds pretty pathetic to me, I suppose that is the new reality. Which brings me to the final forum of the day, focusing on technology. Ford, in conjunction with Microsoft has come under some fire about its MyTouch infotainment package, but strides seem to have been made to improve it. Ford seems to recognize that too much tech can overwhelm or confuse a driver. It intrigued me that Ford is currently developing software that reads from the steering wheel a driver’s heart rate and sweat to decide if it is not a good time to relay a text message or other info. It is not currently available, but it is cutting edge technology.

Personally, it was a thrill to hear Bill Ford tell all of us we were invited to Dearborn because we were the elite bloggers in our respective fields. As East Coast Editor for The Garage, I sincerely hope you enjoy and are informed by the material we provide here. for you. Our busy day was capped off with a reception at Tech Shop Detroit, followed by a live concert by indie rock/folk band Blind Pilot.

*Editor’s Note: Ford Motor Company paid for my travel expenses and accommodations, but I was not compensated by Ford monetarily.

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ebook launch: One in A Thousand

May 1, 2012 by Gary Grant Leave a Comment

 

We’re always on the lookout for a great read, and one that includes a bit of Canadian racing history is always at the top of our list. Long time Canadian racer, Ian Coristine has just release this story called One in a Thousand. Rather than publishing in book format, Coristine has chose to publish as an ebook, meaning that readers can enjoy the photographer’s spectacular images in high resolution. From the publisher:

It is a memoir, written by Ian Coristine, with novelist Donnas Walsh Inglehart. Coristine raced formula cars in the late 60s and early 70s in Canada and his story relates the challenges of chasing a racing career at that time, with a significant number of images from the era. Later, he became a pilot, discovering the 1000 Islands on a random flight in 1992, then spent the next 17 years photographing it, mostly low from above in his Challenger ultralight. This memoir shares many of his unlikely adventures along the way and includes a massive amount of material (images, video, audio, narration and music) which will immerse you in the story and the spectacular 1000 Islands in ways not possible before.

 

You can learn more about it as well as enjoy two videos by exploring the One in a Thousand home page.

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Think motorsport is expensive? Try making a movie about it!

April 10, 2012 by Gary Grant Leave a Comment

Ok, so maybe making a movie isn’t quite as expensive as campaigning a top flight race or rally car, but the costs can easily eclipse those incurred by grass roots racers who’ve been known to fund their team by returning empties. Just ask Matt Johnston, who is making what might just be the first ever feature length movie about the U.S. National Rally Championship.

So far, Johnston has sunk ten grand of his own money into the project and anticipates that he will need close to $50,000 to complete the film. If these numbers aren’t high enough, remember that Johnston has done almost everything by himself and already owns much of the super expensive gear needed to shoot wickedly high quality video.
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