It’s not just the employees and management getting a haircut on pay, so is the NASCAR portion of Chevy’s promotional budget. GM officials went down to Charlotte to break the bad news to the teams – Hendricks, Stewert Haas, Earnhardt Ganassi and Richard Childress are all getting their funding trimmed.
Now that the big money is drying up with the rest of the sponsors, we wonder what will happen?
Restrictions on testing, crews, cuts in prize money? Everyone starts racing actual stock cars?
All the teams claim they are still supportive of GM and still think that everyone is going to be fine. We have our doubts – but we don’t run a NASCAR team.
A commenter on 4wide.com remarked, “I wonder how Mr. Hendrick feels now after commenting that a GM bankruptcy would strengthen their racing relationship.”
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Hopefully they can find new sponsors to keep NASCAR alive as it is.