W.E. Butterworth was the author, and it is from 1966. I read it when I was a child, but I am not sure exactly when. Tunawife bought me a first edition copy for Christmas.
It's a fabulous book. The attention to detail is great, and I was nearly tearing up during a few events which involve only a car.
Essentially, without giving too much away, Dave Wade, a promising and well-liked college sophomore loses control of a race enterprise and is determined to start anew in a new way. The result beings him into the big leagues and exposes him to the more ugly elements of the business of race driving.
HIGHLY recommended. I have a bunch of sick kids, so they actually napped two days in a row, so I read it in those two days.
http://www.amazon.com/gp/product/B000TMSQEQ/ref=oh_aui_search_detailpage?ie=UTF8&psc=1