LOUDON, N.H. (AP) - Red Bull Racing expects to layoff 152 employees when it shutters operations in December.
Red Bull Racing filed a notice this week as part of North Carolina's Worker Adjustment and Retraining Notification Act that the layoffs were expected by Dec. 17, 2011. Red Bull is a two-car team that entered NASCAR in 2007. The Austrian-based energy drink company both owns and sponsors the team, which presently fields cars for Kasey Kahne and Brian Vickers.
Kahne is moving to Hendrick Motorsports next season, and Vickers is in the final year of his contract.
Red Bull says the closure is permanent.
Red Bull also owns a pair of two-car Formula One teams.

Recent NASCAR Discussions

NASCAR Odds

No NASCAR odds found

Nascar Top Stories

Thumbnail Toyota/Save Mart 350 Picks Which driver will navigate the road course of Sonoma and grab a victory in the Toyota/Save Mart 350 today? Here’s our picks for...
Thumbnail American Ethanol E15 250 Picks The NASCAR Xfinity Series drives under the lights tonight for the American Ethanol E15 250. Here are some...
Thumbnail Iowa 200 Predictions The NASCAR Camping World Truck Series drives under the lights tonight for the Iowa 200. Here are some drivers we like...
Thumbnail Iowa 200 Odds The NASCAR Camping World Truck Series gets the racing weekend started on Friday night when drivers compete in the Iowa 200....
Thumbnail American Ethanol E15 250 Odds The NASCAR Xfinity Series will head to the Midwest this week for the running of the American Ethanol E15 250....