Skip navigation
Site powered by
Latest news:
msnbc.com: Top msnbc.com headlines: Violence widens ahead of Greek austerity vote

Troubled Chevy, Ford sticking with NASCAR

With up to $25M a year needed to run a team, budgets are being watched

TUMS QuikPak 500Getty Images for NASCAR
Rick Hendrick, shown here with driver Jimmie Johnson, said his team will cut back on the number of cars it runs outside of Sprint Cup next year.

Likewise, GM and Ford remain confident they will stick with NASCAR for at least the immediate future.

"From a NASCAR standpoint, we're fully committed to fulfill the agreements we have in place,'' Dolan said. "We've built a program over the years that has paid some quality dividends back to General Motors, between winning races and winning championships and having a strong alliance with the fan base, it's a good platform for Chevrolet and a tool to sell vehicles.

"What has to happen, though, I think, whether it's us or any other key sponsor looking at the sport, is to determine if the current cost that it takes to participate is consistent with other opportunities in the marketplace? If not, we have to look at ways to become more cost efficient.''

Wolfe said Ford will also watch the bottom line closely.

"Certainly, the economic issues facing the entire auto industry have to be of concern to everyone involved in racing,'' he explained. "Ford's racing program falls under marketing and sales, and when revenues are down, the budgets for all marketing programs are down, including racing. We're not immune, nor should we be.''

So, despite all the gloom and doom, there will continue to be Chevys and Fords on track — for now.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Prev | 1 | 2

advertisement
Special feature
Ford 400
2008 winners
Take a look at every Sprint Cup Series trip to victory lane this season.
Slideshow
Kobalt Tools 500
  Earning a trip to victory lane
Take a look at every NASCAR driver who has claimed a checkered flag this racing season.

NBCSports.com

Slideshow
SUBWAY Fresh Fit 600
  Revved up for racing
Take a look at how some NASCAR fans express their dedication to the drivers and to the sport.

NBCSports.com

Slideshow
Danica Patrick,  Helio Castroneves
  Danica Daze
Danica Patrick is expanding her repertoire from the IRL to NASCAR.

more photos

Slideshow
Coca-Cola 600
  Celebs at the track
Take a look at the stars who have attended NASCAR races.

NBCSports.com

Slideshow
Jeff Gordon, Jimmie Johnson, Mark Martin, Brian Vickers
  NASCAR crashes
Sparks fly and cars spin out wildly when NASCAR drivers get into accidents.

NBCSports.com

INTERACTIVE
"Taxi" Film Premiere
NASCAR wives and girlfriends
They're fixtures in pit row, but they don't drive on the track or work on the cars. Take a look at some notable NASCAR wives and girlfriends.