NEWMAN, BURTON AND WALLACE LOSE GM SPONSORSHIPS
GM canceled its “motorsport sponsorship agreement” with Wallace’s RWI Racing LLC and its “sponsorship services agreement” with Ryan Newman Motorsports Inc. but did not detail the nature of those deals.
GM also scraped deals with five race tracks, including Daytona International Speedway and Charlotte Motor Speedway, where the auto maker gave up suites, pit passes and parking permits.
Other contracts GM eliminated Monday included: the naming rights to Oldsmobile Park, a minor league baseball stadium in Lansing, Mich., sponsorship of The Arnold Palmer Invitational golf tournament and promotional agreements with the National Football League’s Oakland Raiders and University of Southern California’s athletic department.
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