General Motors
Chevy Unveils SS For Sprint Cup Competition In 2013
Chevrolet unveiled its new SS, which will run in the Sprint Cup Series in 2013. The SS will make its debut during SpeedWeeks next year at Daytona International Speedway. The Sprint Cup SS will closely resemble the SS production model that is set to debut early next year. The production version will hit showrooms in [...]
Chevy To Use SS In Cup Series In 2013
Chevy has announced that it will be using the SS, based on the Holden Commodore, as its entry in the NASCAR Sprint Cup Series in 2013.
DEI Sued Over GM Bankruptcy Claim
Seaport Group LLC is suing Dale Earnhardt Inc because, Seaport claims, DEI reneged on a deal to sell it a $3.25 million claim in General Motors’s bankruptcy to Seaport for $783,604, according to Bloomberg. Seaport is accusing DEI of reneging the deal because the value of the claim increased dramatically after the agreement was made.
Bankruptcy Proceedings Holding Up Dodge Payments; Chevy Not Affected
Richard Petty said 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.
Hendrick Speaks About GM Bankruptcy
With General Motors recently filing for bankruptcy, Hendrick Motorsports owner, and chairman of Hendrick Automotive Group Rick Hendrick spoke about the future of the company, and its place in NASCAR.
Source: GM To "Kill Off" Pontiac Brand
A source has said the General Motors Corp is planning to “kill off” its Pontiac brand. An official announcement is expected Monday. In GM’s most recent viability plan, Pontiac was not named as one of GM’s core brands, which are Chevy, Buick, GMC, and Cadillac. The brand also wasn’t listed among those that would be [...]
What Would Happen If Chevy, Dodge Pulled Out Of NASCAR?
As GM considers bankruptcy, and Car and Driver publishes hoax articles about Dodge and Chevy being ordered out of NASCAR, I asked myself what would happen if Dodge and or Chevy pulled out of NASCAR. The answer? Probably not much would happen. While NASCAR touted the safety aspects, the savings, and the closer competition as [...]
Companies With NASCAR Ties Eliminating Jobs
Four companies with ties to NASCAR, Sprint Nextel, General Motors, Caterpillar, and Home Depot all announced that they are cutting jobs in light of current economic conditions. Sprint Nextel, the NASCAR Sprint Cup series sponsor, announced that it will be cutting about 15% of its workforce, or 8,000 employees. This move is expected to save [...]
NASCAR Sponsorships On The Decline
Bloomberg News is reporting that due to the state of the economy, NASCAR sponsorships are on the decline. “General Motors Corp., Chrysler Corp., Sears Holdings Corp. and Chevron Corp. will cut or drop sponsorships next season.” Some teams the sport that biggest names, Petty, Earnhardt, and Waltrip could enter the 2009 season with unsponsored cars. Chip [...]
RGM Considering Merger With DEI
It’s being rumored that Robby Gordon Motorsports is considering a deal with Dale Earnhardt Inc. that would mark a return to General Motors and Chevrolet. While no one at RGM or DEI would comment on the rumor, sources close to the situation said that both sides were in talks. DEI currently has Martin Truex Jr., [...]
