GM set to announce return by Chevrolet to INDYCAR

In another major event closely related to the 100th Anniversary, the countdown clock is already ticking at the Team Chevy site for another major annoucement. All this information came about as a media advisory via General Motors (NYSE: GM) media website, media.gm.com , but other web media sites are starting to trickle information as well, like a recent article at MotorAuthority.com

Per the GM media website, the following information is readily available:

Team Chevy Official Announcemnet Date:
Wednesday, October 12, 2011

Where:
Detroit Marriott at Renaissance Center, Ambassador Ballroom
400 Renaissance Drive, Detroit, MI 48243

When:
10:30 a.m.
Attendees are requested to arrive no later than 10:15 a.m. so the program can begin promptly.

Who Will Be There:
Detroit Mayor Dave Bing
Mark Reuss, President, GM North America
Roger Penske, Chairman, Penske Corporation
Randy Bernard, CEO, INDYCAR

What:
Penske Corporation, INDYCAR and the City of Detroit will celebrate Chevrolet’s return to Indy car racing, with the public debut of the Chevrolet-powered Indy car that will compete in the 2012 IZOD IndyCar Series season and additional news announcements.

Format:
The press conference will be held at the Ambassador Ballroom in the Detroit Marriott at the Renaissance Center. Immediately following, Reuss, Penske, Bernard, and Mayor Bing will be available for a brief Q&A session with media.

Credentials:
Media credentials are not required.

Live video:
The announcement will be webcast live at http://media.gm.com/TeamChevy
The announcement will also be available live at the following satellite coordinates:
AMC 16
Transponder 2
Slot C
Ku Band, Digital
9 Mhz
Down link: 11744.50 Horizontal
Symbol Rate: 6.1113
FEC: 3/4

Full Disclosure: At time of publication, Sherosky, creator of the auto sector charts for TN, is neither long or short with the mentioned stocks or futures, though positions can change at any time. None of the information in this article constitutes a recommendation, but an assessment or opinion.

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About the Reporter: After 39 years in the auto industry as a design engineer, Frank Sherosky now trades stocks, futures and writes articles, books and ebooks like, "Perfecting Corporate Character," "Awaken Your Speculator Mind", and "Millennial World Order" via authorfrank.com. He may be contacted here by email: [email protected] or via his Twitter i.d. @Authorfranks

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