$4th in the INDY! Wowser! (MCLN)McLaren Engines Powers Alex Barron to 4th-Place Indy 500 Finishing Position
Livonia-based Engine Experts Fuel Barron's Highest Rookie Finish For 2002
INDIANAPOLIS, May 26 /PRNewswire-FirstCall/ -- As Alex Barron accelerated
toward his 4th-place finish in the 86th running of the Indianapolis 500, it
was a McLaren Performance-built Chevrolet engine that powered him to the
checkered flag. Barron was also the highest rookie finisher in the Greatest
Spectacle in Racing(R) for 2002.
"Having just returned to the Brickyard with the Indy Racing League (IRL)
for 2002, additional congratulations must also go to McLaren Performance
Technologies and the employees of its McLaren Engines business unit for such
impressive results in short order. IRL project leader Wiley McCoy's goal to
once again demonstrate our capability to deliver continuous improvement was
well realized, and our Livonia, Michigan-based powertrain team proved that
McLaren Performance-built engines do indeed make a difference," said Steven
Rossi, president and CEO, McLaren Performance Technologies.
McLaren Performance-built engines have appeared at Indianapolis since the
late 1960's, and powered Johnny Rutherford's 500 wins in both 1974 and 1976.
In addition, a McLaren-made engine sat on the Indy 500 pole in 1985 with
Pancho Carter, when McLaren Engines partnered with the Buick Motor Division to
create the stock-block V6 race motor. Multiple Chevrolet-based, Canadian-
American (Can-AM) Challenge Cup championships were also fueled by McLaren
Engines and most recently, the powertrain program for the Cadillac Northstar
Prototype (LMP) racer was developed in partnership with McLaren Engines.
McLaren Performance Technologies (Nasdaq: MCLN), provides full service
design, development, fabrication, manufacturing, testing, validation and
certification of automotive and racing powertrains, and related components.
The company was originally established as the engine development company for
Bruce McLaren Motor Racing, and is based in Livonia, Michigan.
This release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the "safe harbor" created thereby. These statements
include the plans and objectives of management for future operations,
including plans and objectives. The forward-looking statements herein are
based on current expectations that involve judgments with respect to, among
other things, future economic, competitive, and market conditions and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond control of the Company. Although the
Company believes that the assumptions underlying the forward-looking
statements are reasonable, any one of the assumptions could be inaccurate and,
therefore, can be no assurance that the forward-looking statements included in
this release will prove to be accurate. |
