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Article: Car alarm: GM cuts NHMS contract.
- Article from:
- New Hampshire Business Review
- Article date:
- August 1, 2008
CopyrightCOPYRIGHT 2008 Business Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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General Motors' $10 billion cost-cutting program includes a long-running sponsorship contract with New Hampshire Motor Speedway in Loudon.
The speedway and Bristol Motor Speedway in Bristol, Tenn.,--both of which are owned by Speedway Motorsports Inc.--have been told by GM that their current contracts will not be renewed. Observers say the cuts may be the first step in what could be a big drop in support by GM, Ford Motor Co. and Chrysler LLC for tracks and teams in NASCAR's top three professional divisions, the NHRA and other racing series.
"We've seen bad times with the ...