General Motors is cutting factory support for Chevrolet teams competing in the Nationwide Series 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 the SBJ, 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.

KHI has four victories in 232 starts in the Nationwide Series and 19 wins in 205 starts in the Truck Series. Driving one of Harvick's trucks in 2007, Ron Hornaday won four races and the series championship.

JR Motorsports, co-owned by Dale Earnhardt Jr. and Rick Hendrick, has posted five victories in 165 Nationwide Series starts. Brad Keselowski collected JRM's only win of the 2009 season May 30 at Dover.

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.

"Chevrolet'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."
.....................................................................


Penski Dodge Motors Corp????????
Hendrick Chevy Motors Corp???????
I heard the Penski rumor about them testing the water on buying some of Dodge.............

they've been cutting. several friends are laid off and have been. and one retired friend...it's costing more for co-pay for his doctirs and meds

penski is buying saturn


wonder if he will change over his nascar cars

seeing how GM filed bankruptcy, I see no need to support NASCAR. They are bankrupt...how would one justify sponsoring a sporting event? Just asking

NASCAR has A LOT of sponsors

This post was about Roger Penske buying part of Chrysler. About Rick Hendrick saying Chevy has all of our support. Both great businessmen

Yes GM will pull out of Nascar but will Nascar stay out of GM..

As far as sponsorship!!!! Look at how many companies took bailout money and continue to sponsor events!!!!! Dont have to look to far in Nascar!!!!!!!!

they should have no choice

and obviously gm should have pulled out long time ago

as well as chrysler

if their profit are no longer there they should get out


altho it is probably good research for endurance (tho i doubt they used it that way)

wonder how much of each vehicle purchased went to a nascar team

gm did not sponsor them those that bought gm products actually sponsor them

as with any company sponsor they pass the cost of that sponsorship on to their customers

but then again

what do i know

The top teams in Nascar certainly can survive without factory assistance and will help the smaller teams contain costs...

I agree with them pulling funding!!!! Will it impact Nascar? Not as much as you think as most is done in shop anyway.


Im glad Penske bought Saturn....Would love to see Hendrick involved in keeping Chevy alive!!!!!!