GM DOES NOT EXPECT BUDGET CUTS TO ITS AUTO RACING PROGRAM

A General Motors spokesman said Monday that the company will maintain its current level of financial commitment to its racing program. The public assurance comes in the wake of the announcement that the automaker will declare bankruptcy and overhaul its operations. GM already has scaled back its racing budget. At the end of 2008 it chose not to renew four of its 12 track sponsorships. According to the Fort Worth Star-Telegram, "GM doesn’t disclose its annual investment in NASCAR, incl ...

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