Problem Statement
In recent years auto racing has emerged as a growing industry with many sponsors and loyal fans. There are four main types of auto racing including CART, IRL, Formula 1, and NASCAR. Created in the late 1970’s CART (Championship Auto Racing Teams) busted on the scene and quickly became a dominant force in the auto racing industry. Cart acquired many famous drivers as well as established well known sponsors such as Honda and Toyota. Recently CART has run into financial problems due to its lack of focus and they have become near extinction in the eyes of racing fans. Their problem stems from low television exposure, NASCAR’s recent popularity, loss of owners, and the departure of key partners.
Key Drivers of Change in the Industry
In the beginning many fans enjoyed auto racing for its speed and professional driving abilities. Here in recent years auto racing has become a billion dollar industry providing entertainment for people all over the country......

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Title: Nascar
Approximate Word Count: 968
Approximate Pages: 4 (250 words per double-spaced page)

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