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Bankruptcy Proceedings Holding Up Dodge Payments; Chevy Not Affected

Posted By Michael J Smith On June 3, 2009 @ 1:51 pm In Cup | No Comments

Richard Petty said [1] that funding from Dodge is on hold due to bankruptcy proceedings. And, Penske Racing’s Walter Czarnecki also said that payments from Dodge have been held up by legal proceedings. Meanwhile, a General Motors spokesperson said that there are no expected budget cuts for GM’s racing program.

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URL to article: http://lead-lap.com/2009/06/03/bankruptcy-proceedings-holding-up-dodge-payments-chevy-not-affected/

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[1] said: http://www.nascar.com/2009/news/business/06/01/rpetty.dodge.chrysler.bankruptcy/index.html

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