LAKEVILLE, Ind. (Aug. 19) – Grand American Road Racing Association has named Hoosier Racing Tire Corp. the exclusive tire supplier for its Rolex Sports Car and Grand-Am Cup series 2005-2007 seasons.
The deal represents enough demand to require Hoosier to expand its engineering and manufacturing staffs at its plant in Plymouth, Ind., as well as service-related staff at its distribution and service center in Lakeville, according to Bob Newton, CEO and president. The company did not quantify how many jobs might be created.
The deal displaces Goodyear with its Goodyear and Dunlop brands from being a supplier to the sports car and sedan racing series, which are in their fourth seasons under Grand American. Terms of the deal were not disclosed.
Based on the 2004 season, Hoosier will be called on to supply upwards of 75 cars with tires throughout the series' 12-race schedules for the next three years. The races are primarily endurance competitions, ranging from 200 miles to 24 hours in length.
"Hoosier is the largest racing tire manufacturer in the world, and I am convinced that they are fully equipped to supply tires for the Rolex Sports Car Series and the Grand-Am Cup Series," said Grand American President Roger Edmondson at a press conference held to announce the deal.