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Posted on Wed, Nov. 04, 2009 10:30 PM
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Auto racing report

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•The race: NASCAR Sprint Cup Dickies 500

•The place: Texas Motor Speedway, a 1.5-mile quad-oval in Fort Worth

•The race distance: 501 miles, 334 laps

•The time/day: 1:30 p.m. Sunday (Channel 9)

•2008 winner: Carl Edwards

IndyCars to partner with Izod

IndyCar officials are expected to announce today that clothing maker Izod will become the series’ title sponsor next season. A person with knowledge of the deal confirmed the move Wednesday to The Associated Press on condition of anonymity because the deal had not yet been announced. The league has scheduled a news conference for this afternoon.

It would be the first time since 2002 that the IndyCar series has had a title sponsor, and it comes at a time when some companies have been tightfisted because of the tough economy. Speculation has grown this week that Izod would take on a bigger role in the series in 2010.

Toyota pulls out of Formula One

Toyota, the world’s largest automaker, announced that it is pulling out of Formula One racing to cut costs.

“Based on the current economic environment, we realize we have no choice but to withdraw from Formula One,” Toyota president Akio Toyoda said. “This has been a very painful decision for the company.”

Toyota follows Honda Motor Co. as the second major Japanese automaker to withdraw from the sport in the last 11 months. Toyota officials called the withdrawal from F1 complete, making a return to the sport when and if conditions improve unlikely.

Toyota is seeking to cut costs as it expects to post an operating loss for the six months ending on Sept. 30. It is due to report earnings today. The company posted its worst-ever loss in the financial year at the end of March.

•Friday: Camping World Trucks WinStar World Casino 350, 7:30 p.m., SPEED

•Saturday: Nationwide O’Reilly Challenge, 11 a.m., ESPN2

•Sunday: Sprint Cup Dickies 500, 1:30 p.m., Channel 9

| Compiled from The Star’s news services

Posted on Wed, Nov. 04, 2009 10:30 PM
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