query: When was NASCAR formed?
passage: NASCAR
France had the notion that people would enjoy watching "stock cars" race. Drivers were frequently victimized by unscrupulous promoters who would leave events with all the money before drivers were paid. In 1947, he decided this racing would not grow without a formal sanctioning organization, standardized rules, regular schedule, and an organized championship. On December 14, 1947, France began talks with other influential racers and promoters at the Ebony Bar at the Streamline Hotel at Daytona Beach, Florida, that ended with the formation of NASCAR on February 21, 1948.[11]
passage: Champ Car
CART was founded in 1979 by United States Auto Club Championship Division team owners who disagreed with the direction and leadership of USAC, with the then-novel idea of car owners sanctioning and promoting their own series collectively instead of relying on a neutral body to do so. Starting in 1979, CART sanctioned the Indy Car World Series, which through the 1980s evolved into the pre-eminent open-wheel auto racing series in North America, featuring street circuits, road courses, and short and long ovals. CART drivers also competed at the USAC-sanctioned Indianapolis 500.