With information from GMM
As the global economic recession bites, two prominent international motor racing series are in serious doubts.
As announced by Auto123.com on May 25, the Middle East and Asia-based stock car series Speedcar has hit the end of the road. The official website is now off the air amid reports the organisation has been closed down after just two seasons.
Speedcar featured stock cars driven by mainly ex-F1 drivers, including Jacques Villeneuve, Jean Alesi, Johnny Herbert, Heinz-Harald Frentzen and Vitantonio Liuzzi.
Meanwhile, it is reported that the future of the A1 GP series is in serious doubt, following the collapse of the British arm of the organisation.
A1 Grand Prix Operations Ltd ran the day-to-day administration of the championship but went into liquidation last Wednesday, the Telegraph newspaper said.
"Like many other companies in today's difficult economic environment, we had cash flow problems and we haven't been able to pay them (the suppliers)," a spokesman confirmed.
A few teams, including Team Canada, did not compete in the 2008/2009 championship, falling short of sponsorship money.
photo:A1GP
As the global economic recession bites, two prominent international motor racing series are in serious doubts.
As announced by Auto123.com on May 25, the Middle East and Asia-based stock car series Speedcar has hit the end of the road. The official website is now off the air amid reports the organisation has been closed down after just two seasons.
Speedcar featured stock cars driven by mainly ex-F1 drivers, including Jacques Villeneuve, Jean Alesi, Johnny Herbert, Heinz-Harald Frentzen and Vitantonio Liuzzi.
Meanwhile, it is reported that the future of the A1 GP series is in serious doubt, following the collapse of the British arm of the organisation.
A1 Grand Prix Operations Ltd ran the day-to-day administration of the championship but went into liquidation last Wednesday, the Telegraph newspaper said.
"Like many other companies in today's difficult economic environment, we had cash flow problems and we haven't been able to pay them (the suppliers)," a spokesman confirmed.
A few teams, including Team Canada, did not compete in the 2008/2009 championship, falling short of sponsorship money.
photo:A1GP