NASCAR Teams Licensing Trust Enters Into Joint Venture

The NASCAR Teams Licensing Trust (NTLT) announced that it has formed a joint venture with Lionel Electric Trains to make and sell NASCAR replica die cast race cars. The joint venture is not a traditional licensee agreement. Both NTLT and Lionel will actively manage and develop the business, in which it will be partners. Lionel has plans to offer fans and collectors die-cast models representing all of the NTLT teams and more than 30 NASCAR national series drivers. The joint venture will take over the category from Motorsports Authentics, a Concord, N.C.-based company that will focus on its core competency of trackside retail and be the exclusive die-cast car retailer at NASCAR tracks. Press Release