IndyCar

Speedway named official fuel and convenience store for IndyCar

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On Tuesday, IndyCar announced that Speedway LLC will become the official fuel and official convenience store of the IndyCar series, Indianapolis Motor Speedway, and the Indy 500 beginning in 2019.

Headquartered in Enon, Ohio, Speedway – a subsidiary of Marathon Oil – is the nation’s second largest company-owned and -operated convenience store chain. They currently operate nearly 4,000 stores in 35 states.

“Speedway has a large national footprint along with the desire to establish a partnership with the IndyCar Series and its many events reaching millions of consumers,” said Mark Miles in a press release. Miles is the CEO of Hulman & Company, which owns INDYCAR and Indianapolis Motor Speedway.

“Speedway also has a broad reach within the region, ensuring a shared interest in leveraging the Indianapolis 500 as a central element of its retail promotion during the month of May,” Miles continued. “We believe this will be a beneficial relationship for Speedway, IndyCarand all of our race promoters.”

As part of their relationship with IndyCar, Speedway will provide the fuel that powers every race in the series.

“We are excited about this partnership with IndyCar and Indianapolis Motor Speedway,” said Tony Kenney, president of Speedway. “The Indianapolis 500 itself is one of the premier events in the world of motorsports, and Speedway has a strong brand presence in the INDYCAR race markets, so our relationship will be very complementary. The IndyCar Series is a great way to showcase Speedway’s brand and quality fuel offerings, including the fuel that will power the race cars at each event.”

F1 races in Austin, Mexico City hitting financial rough patches

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AUSTIN, Texas — Two of Formula One’s three races in North America are facing financial issues that are raising concern about their future.

Organizers of the U.S. Grand Prix won’t get at least $20 million from the state of Texas for the 2018 race after missing a paperwork deadline set by state law. And new questions lurk about the future of the Mexican Grand Prix after the country’s new president suggested the government may not spend on the race like it has the last four years.

Both races have been popular with drivers and fans, and have enjoyed key dates on the F1 calendar. Mercedes driver Lewis Hamilton clinched season championships in Texas in 2015 and in Mexico City in 2017 and 2018.

Officials in Formula One and at the Circuit of the Americas, host of the U.S. Grand Prix, did not immediately respond to requests for comment Wednesday.