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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Championship Auto Racing Teams, Inc.

Championship Auto Racing Teams, Inc.
NYSE: MPH
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 NEWS FROM THE WIRES
Championship Auto profits slump, warns on full-year
Jul 31 2001 06:10 AM PDT

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 PROFILE
Don't blink because this business goes racing by. Championship Auto Racing Teams (CART) organizes the FedEx Championship Series featuring more than 20 racing events in seven countries. Its 28 drivers compete in single-seat, open-wheeled race cars that can reach speeds up to 240 mph. They drive for 17 racing teams, some of which feature celebrity owners such as Paul Newman and David Letterman. In addition to the FedEx Championship, CART operates the Indy Lights Championship and Atlantic Championship circuits. CART collects most of its revenue from sanction fees paid by track promoters, as well as from TV and sponsorship fees. The events attract more than 2.5 million spectators and 36 million viewers.

 COMPETITION
National Association for Stock Car Auto Racing (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 75.00
1-Yr. Sales Growth: 9.0%
Employees: 83
Revenue per employee: $903,614.46

 KEY PEOPLE
• Joseph F. Heitzler
    CEO
• Thomas L. Carter
    CFO

 CONTACT INFO
755 W. Big Beaver Rd., Ste. 800
Troy, MI 48084
US
Phone: 248-362-8800
Fax: 248-362-8810
Online: Web Site

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