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GM and Chrysler ordered out of NASCAR
Car and Driver Magazine revealed that the White House had ordered that "GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government." The White House was said to have released the following statement: "In order to receive this money, corporations must demonstrate they will spend it wisely. Racing has been said to improve on-road technology, but frankly, NASCAR almost flaunts its standing among the lowest-tech forms of motorsport. NASCAR is not proven to drive advancements that transfer from the racetrack to the road, and this nation’s way forward does not hinge on decades-old technology. We need new, and we need innovation.” NASCAR was said to be exploring other options, such as inviting Korea's Hyundai corporation to compete in GM and Chrysler's place.
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All text Copyright © 2011 by Alex Boese, except where otherwise indicated. All rights reserved.
