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.
General Motors reached a tentative agreement to sell its Saturn brand to NASCAR Sprint Cup team owner Roger Penske, of Penske Championship Racing and Penske Automotive Group. Penske plans to offer all Saturn dealerships new franchise agreements. Penske also said he is in discussions with manufacturers about building the vehicles in the future. In the [...]
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.
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.
With the Wall Street Journal reporting last weekend on the fall of Chrysler, and its effect on NASCAR, and the Orlando Sentinel’s recent report that the automotive task force is giving Chrysler half of the money it requested for marketing, many are predicting cutbacks of both Dodge and Chevy in NASCAR. This is no surprise [...]
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 [...]
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 [...]
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 [...]
Kobalt Leading Candidate To Sponsor Truck Series Kobalt Tools, a Lowe’s brand, is said to be the leading candidate to sponsor the truck series. Craftsman, a Sears brand, will not renew its sponsorship of the series. Stanley Tools and NAPA have been rumored to be potential sponsors as well. Should Kobalt reach and agreement to [...]