Bill Pemberton
0ld Ford Automotive Racing Terror
At least one would think this was a strong bit of news for the permanency of the facility and our favorite school. Mitime Utah Investment, LLC ( subsidiary of Geely Holding Company which builds Volvo and Lotus among other brands) has purchased the track for close to 18.5 million. Mitime has been running it for the past few years, but rumors abounded and finally we have a situation where the track will continue and according the press releases the area will even expand. Geely is a growing Chinese Automotive Company and this should be seen as a solid base for them to do testing in the US and assist them with their racing pedigree -- they are working heavily in the Formula 4 Racing Series in China and the Far East. Great news, because many of us feared the track would close and the rumors were pretty awful at times. I love this track, so am excited to see someone purchase it and one has to imagine the school has an extended lease on life?!