Struggling GM to honor NASCAR commitments

UPDATE If you do a little research, you will find that GM was very creative in how they funded some of the teams. Rumor has it, several people have been terminated over it.

11/08/08 A GM official told scenedaily.com that the company would be able to honor its contractual obligations to NASCAR teams in 2009. But GM has already made cuts in its marketing plans and teams clearly can't expect the manufacturer to add a lot of things to what it is absolutely committed to provide. GM has called off any talks of merging with Chrysler and its racing officials have nixed any NASCAR mergers that would involve associations with teams running another manufacturer's product. The effect of that for NASCAR is that some teams have fewer options as they try to stay alive and competitive than they would otherwise have had.