Business Services Industry
Analysts Question Concord, N.C.-Based Speedway Motorsports' Additive Sales.
Knight Ridder/Tribune Business News, February, 2001
By Leslie Gross Klaff, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News
Feb. 10--Now that federal regulators have claimed that Speedway Motorsports Inc. used false and misleading information to advertise its automobile additives, analysts are questioning why the company got involved in selling the product in the first place.
The Federal Trade Commission last week filed a lawsuit contending Concord-based Speedway Motorsports did not have reasonable evidence to back up claims in infomercials, on a Web site and in brochures that three additives sold under the zMax brand increase gas mileage, reduce engine wear and corrosion and extend engine life. The products include an engine additive, a fuel line additive and a transmission additive....
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