GM to Reduce Sponsorship in 2009 of NASCAR


It was announced that both New Hampshire and Bristol Motor Speedways will not be sponsored by General Motors (GM). Speedway Motorsports Inc. (SMI) who owns these two tracks were notified of this matter when GM CEO Rick Waogner announced that with the declining economy, especially in the automotive business, that they are in the process of a cost-cutting venture to hopefully recognize $15 billion in savings by 2009.

Waogner did not give too many specifics, but did emphasize that this in no way is suggesting that they are removing themselves from NASCAR. Once more details are in place, we’ll let you all know. has a bit more information on the matter here.

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About Christopher Smith

A long time fan of NASCAR, he attended his first race as a kid in 1979 at Charlotte Motor Speedway for the World 600. Christopher watched Darrell Waltrip drive his way to victory and from that day forward hes been hooked. As president of, Christopher launched the site in 2000 and in the past decade, it has grown into a NASCAR-accredited web site hosting multiple podcasts, dedicated writers and race coverage at the majority of NASCAR-sanctioned events. Christopher is an official member of the National Motorsports Press Association (NMPA).

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