GM cutting support across NASCAR's 3 series

GM cutting support in Nationwide & Truck Series: UPDATE: General Motors is cutting factory support for Chevy teams competing in NASCAR's Nationwide and Camping World Truck Series as the automaker restructures under Chapter 11 bankruptcy protection, according to a story that will appear in Friday's edition of SportsBusiness Journal. According to SBJ's Michael Smith, who wrote the story, the cost-cutting measures are likely to have the greatest affect on larger organizations, such as Kevin Harvick Inc., which fields teams in both series, and Rusty Wallace Inc. and JR Motorsports, which field teams in the Nationwide Series. As Smith points out, support from manufacturers typically comes in the forms of engines, parts and cash. In most cases, factory support goes to larger, more substantial organizations, while smaller teams receive little assistance, if any. "Chevy's (and GM's) involvement in racing is a sound business decision that translates directly into the sale of cars and trucks," an unidentified GM spokesperson said in a statement provided to SBJ. "It is essential, however, that we continue to look at every penny we spend as General Motors takes the necessary steps to become a leaner company with a significantly stronger balance sheet. While Chevy Racing is talking to its business partners about ways to reduce cost and maximize the return on investment, it is our policy to not talk about the details of business relationships with our partners."(Sporting News)(6-12-2009)

UPDATE: General Motors is planning to cut back on its support of NASCAR teams in all of the sanctioning body's professional series. Chevy spokesman Terry Rhadigan says GM, which is reorganizing through bankruptcy, is discussing what he described as incremental cutbacks in support. He says cuts will be made soon and that the discussions are "indeed NASCAR-wide." Rhadigan would not say if one series would be affected more than others, nor would he say the size of the cuts or how much GM spends on NASCAR. The automaker, through its Chevy brand, provides cash and other support to teams including engines and parts.(Associated Press)(6-12-2009)

~Jayski~

Maybe Ford can acquire some new teams from this...

Maybe
It sucks to drive a Chevy

Maybe Ford can acquire some new teams from this... Andrew

This may be true but can FORD take on the new expense? Didn't FORD drop their involvement with the Truck Series. I don't think FORD would get themself in the same predicerment that Chevy has by over spending until its a heckava lot safer to do so. (but one or maybe two new teams does sound nice)

Ford does have financial issues of their own, yes, but I think they could benefit from picking up at least one more solid team.

TeamBlueOval wrote:

Ford does have financial issues of their own, yes, but I think they could benefit from picking up at least one more solid team.

Which one would you like to see come over//// Me--Penski

I would like to see Penske back with Ford, but with him purchasing Saturn and having time left on his Dodge contract, I don't see him making that move.

Once I started to think about what teams Chevy has, they really don't have that many good team. RCR and Hendrick mainly. Stewart-Haas as well, but that's basically Hendrick#2. I don't think Ford would be able to get any of those.

Looks like the best option may be Earnhardt Ganassi Racing. That team has run pretty well this year with Juan Pablo Montoya. But then again, the last thing that Ford needs is another team struggling to find sponsorship.

I really don't know who they'd be able to get.

Since Richard Petty said Dodge had quit providing them with support, maybe the Petty team would be interested in a change. I'd love to see that team with Ford, and I don't think that idea is too far-fetched if Dodge continues to not give them support. (Roger Penske said that Dodge was still paying him...?)

. (Roger Penske said that Dodge was still paying him...?) But---- how much longer???
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ummmm RCR isn't doing that well..... they are struggling..... only one is barely holding onto a chase spot

the only good teams Chevy has as of late is HMS and SHR

This is true. RCR has struggled mightily of late. They seem to be getting a little better though.
But, Hendrick and SHR are very strong - they make up for the slow start by RCR.

RCR seems to struggle every year that they add a new team. They added the 31, and Dale Earnhardt went winless. When they added the 30/07, all three teams finished outside the top-15 in points. And with the addition of the 33, Jeff Burton is currently the only one safe in the Chase.