In Pixar's Cars 2, what race series is promoted by Sir Miles Axlerod?

Sir Miles Axlerod promotes the World Grand Prix in Pixar's Cars 2.

The World Grand Prix is an international racing series created to showcase Allinol, a new alternative fuel. It brings competitors from different countries together for races in Tokyo, Porto Corsa, and London, giving the film its global structure.

Sir Miles Axlerod presents the event as a celebration of clean energy and modern racing. However, the races conceal a scheme involving Allinol, electromagnetic pulses, and a group of cars seeking revenge against the established racing world.

The World Grand Prix is separate from the Piston Cup, the domestic stock-car competition central to Lightning McQueen's story in the first film. McQueen enters the international event, while Mater becomes involved in the espionage plot surrounding it.