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“We do not believe that the Applicant would be a competitive participant,” F1 said in a statement.After a tumultuous 10-month wait packed with enough drama to write a soap opera, Andretti Global finally has an answer to its Formula 1 aspirations. That answer is no. The Formula 1 World Championship, owned by Liberty Media, announced Wednesday morning that it will not approve Andretti Cadillac's application to become the 11th team on the grid come 2025."Our assessment process has established that the presence of an 11th team would not, on its own, provide value to the Championship," F1's press release read....

The long, costly war between Champ Car and the Indy Racing League is close to being over and, for the first time since 1995, there could be one open wheel series for 2008. But there’s still one major hurdle to overcome to make this long-awaited union a reality. SPEED has learned that Kevin Kalkhoven and Gerald Forsythe, the co-owners of Champ Car, have reached an agreement with IRL founder Tony George to race together this season. As reported by SPEEDtv.com recently, George offered the Champ Car ownership free Dallara chassis and Honda engines to any CC team that signs up...

Danica Patrick's new car got a grand introduction on Tuesday. She took it on a short ride through the Chicago streets before officially unveiling the No. 7 Motorola she will drive for Andretti Green Racing next season. ``It's black, it's sort of sleek, it looks fast,'' Patrick said. And it resembles a batmobile. She hopes it performs like one, too. Patrick rode to stardom in 2005 when she finished fourth at the Indianapolis 500 and was the IRL rookie of the year. But this year was difficult. Teammate Paul Dana died after crashing during a warm-up for the season-opener at...

CHICAGO - Danica Patrick's "heart and soul" are with the Indy Racing League, so that's where she'll stay — for now. A new career in NASCAR will have to wait. Though she isn't ready to give up the speed of open-wheel racers for the popularity of stock cars, Patrick is switching teams. One of the IRL's most popular drivers in years signed Tuesday with Andretti Green Racing, which has produced two straight series champions and last year's Indy 500 winner. Her current contract with Rahal Letterman Racing expires at the end of the season, and she had toyed with the...