GM to stay in auto racing

Subject: GM to stay in auto racing Tue Jun 02, 2009 11:53 pm

Quote :: General Motors to stay in auto racing: For now, bankruptcy won't park General Motor Corp.'s long and successful involvement in auto racing. As the Detroit carmaker began retooling after filing for bankruptcy protection, a company spokesman said Monday he did not expect further cuts to GM Racing's budget, which supports NASCAR, NHRA, ALMS and short-track racing activities around the country and adheres to the "win on Sunday, sell on Monday" mantra. "Racing equals good ROI (return on investment)," said Steve Janisse, group manager for Chevrolet Communications. "There are no expected budget cuts right now."(Detroit Free Press)(6-2-2009)