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Old 04-01-2009, 03:52 AM
 
Location: Waxhaw, NC
494 posts, read 1,350,862 times
Reputation: 173

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With their racing budgets deemed “unnecessary expenditures,” GM and Chrysler are ordered to cease racing operations at the end of the season.

BY JARED GALL, ILLUSTRATION BY ERIC WOODWARD
April 2009

http://www.caranddriver.com/reviews/...ascar_car_news

In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government. Companies around the globe—Honda and Audi, to name two—have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending. A complete withdrawal from America’s premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount considering the drastic measures being implemented elsewhere.

“Automakers used to operate on the principle of ‘win on Sunday, sell on Monday,’ but the Auto Task Force’s research just doesn’t validate that as true,” said the statement from President Obama. . . .

. . . “In order to receive this money, corporations must demonstrate they will spend it wisely. Racing has been said to improve on-road technology, but frankly, NASCAR almost flaunts its standing among the lowest-tech forms of motorsport. NASCAR is not proven to drive advancements that transfer from the racetrack to the road, and this nation’s way forward does not hinge on decades-old technology. We need new, and we need innovation.”

. . . NASCAR officials remain tight-lipped about the call, but sources say series president Mike Helton and team managers are exploring several options, including other manufacturers to fill Chevrolet and Dodge’s vacated positions. Given the company’s recent interest in motorsport and the steady cash-flow and V-8 engine provided by its new Genesis sedan, sources indicate that NASCAR is pinging Hyundai to gauge the Korean company’s interest in occupying a spot in NASCAR. “Toyota was not well-received their first year in the sport, nor was their first season an easy one,” the source says. “But they learned, they applied the lessons, and they have proven very competitive this year.”

If Hyundai does indeed join the series, there will no doubt be a steep learning curve, and the move would leave Ford the lone domestic battling a pair of Asian makes in America’s most popular racing series. We wonder, however, how long NASCAR could hold that title without two of its most storied participants.


http://www.caranddriver.com/reviews/...ascar_car_news
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Old 04-01-2009, 04:09 AM
 
Location: CLT native
4,280 posts, read 11,323,751 times
Reputation: 2301
Great! Maybe we can get back to the glory days of the 50s-60s, when they (teams) actually raced 'stock' cars.
They would buy the cars from a dealer and strip & modify them in their respective shops.

FWIW, I've had a Taurus's (or is that Taurii?) and nothing could be further from a 'race' car.
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Old 04-01-2009, 04:26 AM
 
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,555 posts, read 10,415,183 times
Reputation: 2162
Sounds like the first in a long series of April Fools jokes today.
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Old 04-01-2009, 04:36 AM
 
7,126 posts, read 11,716,719 times
Reputation: 2600
Sounds like the first in a long series of steps toward a new type of government to replace a democratic society.

Next step:No more hot dogs at the track..only fruit cocktail.
With bottled water. . . .no more beer.
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Old 04-01-2009, 05:18 AM
 
Location: Ayrsley
4,713 posts, read 9,710,319 times
Reputation: 3824
Quote:
Originally Posted by johne482 View Post
Sounds like the first in a long series of steps toward a new type of government to replace a democratic society.
Yes - heaven forbid that any money given in a bailout come with stipulations.

Next thing you know, the government will ask banks not to give bonuses to employees with their bailout money. Or they will insist that people cannot buy alcohol with food stamps.....How oppressive.
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Old 04-01-2009, 05:45 AM
 
7,126 posts, read 11,716,719 times
Reputation: 2600
Yep, or firing the CEO of a public company.Or the re-writing of legal contracts that were in place before He became a partner. Glad you don't feel "oppressed" but I'm not comfortable with it.

Besides, where does one draw the line on what used to be called"marketing". Is He the one that now decides how to put a car in front of the public's eyes or the marketing division of an automaker?
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Old 04-01-2009, 06:12 AM
 
Location: Charlotte
2,445 posts, read 7,458,440 times
Reputation: 1406
Quote:
Originally Posted by BrianH1970 View Post
Sounds like the first in a long series of April Fools jokes today.
So far I can't find another source for this story. There isn't any mention on nascar.com.
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Old 04-01-2009, 07:22 AM
 
Location: Beautiful place in Virginia
2,679 posts, read 11,743,478 times
Reputation: 1362
Why stop with racing?

PGA Tour Commissioner Defends Golf Sponsorship On CNBC - Sports Biz with Darren Rovell - CNBC.com

Delta out as sponsor of Atlanta Falcons - Atlanta Business Chronicle:

Pro sports feeling effects of recession - Sports - The Modesto Bee (http://www.modbee.com/sports/story/638893.html - broken link)

Soon Gatorade, Nike, Converse, Reebok and other Corporate Sponsorship will fold and we will all just watch our kids race soapboxes and the little league teams at the park. Then we can use the stadiums as homeless shelters for the executives, concessions people, ticket salespeople and scalpers.

When will this end?
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Old 04-01-2009, 08:33 AM
 
Location: Lafayette, Louisiana
14,100 posts, read 28,559,984 times
Reputation: 8075
Castro and Chavez are cheering our progression towards their own form of government.
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Old 04-01-2009, 08:53 AM
 
Location: Incognito
7,004 posts, read 21,352,469 times
Reputation: 5522
You don't want those rednecks to be pissed off.
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