Verb: "winning"
Subject: "The red car"
Object: There is no direct object in this sentence.
In the sentence "The red car was winning the race," the verb is "winning" which is in the present participle form.
The subject of the sentence is "The red car," which is the entity performing the action of winning.
However, there is no direct object in this sentence. An object is a noun or pronoun that receives the action of the verb, but in this sentence, there is no such entity. The sentence is a simple sentence with a subject and a verb that conveys the action of the subject.