PROCAR, Bathurst 24 – No More
PROCAR Australia announced today it is ceasing operations immediately.
Chairman and founder of the Brisbane-based company, said a meeting
of directors today unanimously agreed to a strategic withdrawal
from the industry.
PROCAR, founded in 1994,
staged the PROCAR Champ Series events and four motor racing series,
the Australian Nations Cup Championship, Australian GT Performance
Championship, Australian Production Car Championship and V8 BRutes
Palmer said PROCAR Australia
has been supported in the past by substantial subsidy both from
him personally and businesses within the Palmer Group, a situation
which could not be sustained.
PROCAR will consult with
its competitors and other constituents next week to seek input on
the future of the company's intellectual properties, including the
racing categories. The Nations Cup was reduced to six entries at
the last event.
Very sad news,
especially as the PROCAR events were looking so strong as recently
as last November. Now there is no alternative to the V8 series down