Parker Kligerman, driver of the No. 29 Brad Keselowski RAM sponsored by Draw-tite, finished 11th in the Kroger 250 at Martinsville Speedway last weekend as part of the NASCAR Camping World Truck Series (NCWTS).
Cequent Performance Products, which designs and manufactures towing and hitch systems including Draw-tite, signed on as a major sponsor of the No. 29 RAM team for the 2012 season.
After battling in the top 10 for much of the race, the No. 29 BKR machine was involved in one of Martinsville’s notorious “accordion” accidents when the field unexpectedly slowed entering turn three and stacked-up multiple trucks. A late trip to pit road to fix the damage dropped Kligerman outside the top 10.
Following Saturday’s result, Kligerman and the No. 29 Brad Keselowski Racing team are 7th in the NASCAR Camping World Truck Series driver/owner point standings, only 16 points behind the leader.
The No. 29 Draw-Tite RAM will visit Rockingham Speedway on April 15 for the Good Sam Roadside Assistance 200. Live coverage will begin at 12:30 pm ET on SPEED. The race will also be heard on the Motor Racing Network and Sirius Satellite Radio Channel 90.
Draw-Tite will sponsor the No. 40 Chevrolet with driver Scott Wimmer in tonight’s BUBBA Burger 250 NASCAR Nationwide Series race at Richmond International Raceway in Richmond, Va.
The Richmond race coincides with the launch of Draw-Tite’s most recent website addition, www.DrawTiteRacing.com.
“We are pleased to be able to support the Key Motorsports team and look forward to a great race,” Tom Benson, Cequent Performance Products president, stated in a news release. Draw-Tite, part of Cequent Performance Products, has been a leader in the manufacture of quality towing systems since 1946.
The Key Motorsports Chevrolet posted a top-15 finish in the Nationwide Series visit to .750-mile Richmond oval last spring. Veteran NASCAR driver Scott Wimmer hopes to build on that momentum tonight.
“The Key Motorsports team is prepared for a good run in Richmond,” said Wimmer. “Gary (Showalter, Key Motorsports crew chief) and everyone at the shop have each put in an extra effort on our Richmond car; it’s a special race for our team. We want to welcome Draw-Tite and their new site DrawTiteRacing.com, we are glad to have them on board with us and want to have a good result for them in the race on Friday.”
Showalter feels today’s race in Richmond will be a turning point for the independent team that has had its share of ups and downs this season.
Richmond provides a home field advantage for the Key Motorsports team. The original operation, formed two-decades ago by Virginia businessman Curtis Key, was an all-Virginia team based about an hour from the Richmond track.
“We are pleased to be representing the family of Draw-Tite ‘Tested Tough’ products and we appreciate the opportunity to be partnering with them at our home track,” said Key, who is from Chesapeake, Va. “Everyone on the team is pumped up for Richmond .We want to have a good race for Draw-Tite and our fans, friends and family who always support us when we race there.”
SPEED will broadcast the Nationwide Series race live from the Richmond International Raceway with coverage beginning at 7:30 p.m. EST.
Diversified manufacturer TriMas Corp. reported that the New York Stock Exchange (NYSE) said the company no longer meets its listing standards.
According to the Associated Press, Bloomfield, Mich.-based TriMas said over the past 30 trading days that its total market capitalization was less than $75 million, and its most recently reported stockholders’ equity was less than $75 million.
TriMas said it will submit a plan to the NYSE that details how it will comply with the NYSE’s continued listing standards. This plan will detail ways to improve its balance sheet, support business initiatives to improve profitability and generate strong cash flow.
The company services the RV industry through its Cequent Group, comprised of several towing product brands that include Draw-Tite, Reese, Fulton, Wesbar, Bull Dog, Hidden Hitch and Tekonsha.