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Will NASCAR be affected negatively by Chrysler and GM's bankruptcies?
I am not truly a NASCAR fan, I far more enjoy Indy type cars, but I see the bankruptcies as a true issue that could cripple NASCAR. Although the foreign makers (Toyota, Honda, etc) may see this as an opportunity to truly cash in on an American icon.
GM today has made this announcement: General Motors plans cuts across NASCAR - Racing - SI.com
Quote:
GM set to make "NASCAR-wide" cuts
BROOKLYN, Mich. (AP) -- General Motors is planning to cut back on its support of NASCAR teams in all of the sanctioning body's professional series.
Chevrolet spokesman Terry Rhadigan says GM, which is reorganizing through bankruptcy, is discussing what he described as incremental cutbacks in support. He says cuts will be made soon and that the discussions are "indeed NASCAR-wide.''
Rhadigan would not say if one series would be affected more than others, nor would he say the size of the cuts or how much GM spends on NASCAR. The automaker, through its Chevrolet brand, provides cash and other support to teams including engines and parts.
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While June 2nd, Richard Petty said this: NASCAR may lose Dodge, GM
Quote:
NASCAR team owner Richard Petty says the Chrysler bankruptcy has put cash flow from the manufacturer to the Richard Petty Motorsports team he co-owns "in a holding pattern."
According to Chrysler's Dodge Motorsports, however, the commitment to racing is undiminished.
"They've stopped everything," Petty said Saturday. "They're in a holding pattern right now. I think GM's that way--I don't know about Ford--and I know Chrysler's that way."
Monday morning, GM also filed for bankruptcy under a government-backed reorganization plan.
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What do you think all this means for NASCAR?
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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