Yes, so if I remember correctly(I've been A too long) if you get to the end of a season with your 3.0+ SR you will get promoted. For Fasttrack, you need 4.0+. That's why it says "ready for promotion" now, if it was the end of a season you'd get a normal promotion instead of Fasttrack.
For the second part of your quote, no you will not go straight to C. Once you get promoted to D when you hit 4.0, you will lose about 1.0 of SR(new calculation for each license level) AND you now need to do your 4 races/TT's at your new license level to get another promotion.
No. You will need to do the 4 races/time trials at "D" level, mind also that you will get a whole point knocked of your SR rating so that will drop also. It also becomes a bit harder to get SR points the higher your SR rating goes, but easier to drop them.
Yes, but Fast Track is not the only way to be promoted.
188.8.131.52. Fast Track: Drivers having earned a 4.00 Safety Rating at any point during the season and having met the MPR will be promoted to the next higher license level.
184.108.40.206. End of Season: Drivers having earned a 3.00 Safety Rating during the course of a season will be promoted to the next higher license level at the conclusion of that season (provided the minimum participation requirement is met).
you need to be at 4.0 Safety rating......... also check at the top right of the members bit and look for MPR. Put your mouse over that and will tell you what you need as well as safety rating to get your license upgrade.
It'll say 3 more races or 2 more time trials or something like that