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The business of racing has taken precedent over the sport of racing as NASCAR will run the first-ever street Cup Series Points Race on NBC During Fourth of July Weekend next year, supported by an unnamed IMSA series that will be announced at a later date. That weekend, of course, normally sees IMSA running sports cars at Road America in Wisconsin. NASCAR also runs at Road America too, usually in June. Whether this is, well, cheesy or not depends on your point of view. For the moment IMSA – owned by NASCAR – is officially silent on the matter. (AutoInformed:Brickyard Sunday – Allmendinger in Chevy Wins NASCAR Cup)
Here’s what Bubba Wallace said (excepted and edited – Autocrat): “Yeah, well, obviously you guys know, the majority owner of our team has done a lot for this city, Michael Jordan obviously, being under his banner, being under his wing and knowing how much he means to the Chicago area is super cool, and I’m proud to carry that to our race team and in our race cars and to the racetrack… Continue reading
Hot, Fast Company: Penske Automotive Increases Dividend 6%
We are only half kidding when sometimes we think PAG exists to support Roger’s love of racing.
Penske Automotive Group, Inc. (NYSE: PAG) – an international transportation services company, a significant force among premier auto and commercial truck retailers, and a successful racing organization – today announced that its Board of Directors has increased the dividend by $0.03 per share, or 6%, to $0.53 per share.
The dividend is payable September 1, 2022, to shareholders of record on August 10, 2022. Shares of PAG during the past 52 weeks have ranged from $123.60 to $78.60. It is currently trading at ~$107.
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