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IndyCar And Firestone Announce Long-Term Contract Extension [Forbes]

BRIDGESTONE CORP UNSP/ADR (BRDCY) 
NASDAQ:AMEX Investor Relations: bridgestone.com/ir/index.html
Company Research Source: Forbes
the Indianapolis Motor Speedway. (Photo by Jeffrey Brown/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images One of the most important business relationships in racing is the tire supplier. Tires can determine the speed of a race car, the quality of the racing and the safety to the drivers. IndyCar and Firestone have understood that relationship for the last 25-straight years. Expect that number to increase as Bridgestone and Penske Entertainment, owners of IndyCar, the Indianapolis Motor Speedway and the Indianapolis 500, announced a long-term contract extension on September 12 at Bridgestone Americas headquarters in downtown Nashville. It will keep Firestone as the sole tire supplier for all IndyCar Series races, the INDY iShares India 50 ETF NXT iShares Exponential Technologies ETF by Firestone developmental series, and the annual Indianapolis 500. The extension reinforces Bridgestone's ongoing commitment to driving innovation through motorsports. The Fir Show less Read more
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