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SBD/February 28, 2011/Marketing and Sponsorship
Wheels & Deals: Will Chevrolet Enter Camaro In NASCAR In '13?
Published February 28, 2011
NOT GOING DOWN THAT ROAD: F1 team McLaren Mercedes CFO Andy Myers said that it "will not be following its British rival Williams to the stock market." The GUARDIAN's Sylt & Reid note Williams Wednesday "will become the first F1 team to float when it lists 28% of its shares on the Frankfurt stock exchange." Williams "has reduced and tightened the flotation share price range from" about $33-40 (all figures U.S.) a share to between $34-38 a share, "ahead of pricing" tomorrow (GUARDIAN, 2/28).
COST SAVINGS: The BBC's Andrew Benson reported F1 team Red Bull Racing's Renault engines "will be renamed Infiniti this season in a move that will boost the world champion team's budget" by at least $11M. The engines "will be the same, branding aside, but the plan means Red Bull will get their engines for free." That will save the team about $11M per year, "the cost of all customer engine supplies in Formula 1." Benson wrote Infiniti is "using F1 to boost its global profile" (BBC.co.uk, 2/27).
NOTES: The AP's John Marshall reported sales of Daytona 500 winner Trevor Bayne's licensed merchandise on NASCAR.com "is at a rate nearly three times all other drivers and the sales pace is more than double" last year's Daytona 500 winner, Jamie McMurray (AP, 2/26).....Great Clips will title sponsor the Labor Day weekend NASCAR Nationwide Series race at Atlanta Motor Speedway for a second consecutive year. The Sept. 3 race will be titled the Great Clips 300. Great Clips sponsors the No. 38 Chevy driven by Jason Leffler and Kasey Kahne in the series, and it is the longest-standing primary sponsor in Nationwide, having been a sponsor since '00 (AMS).