but it was inevitable...:(
Chevy teams throughout NASCAR face cuts
Quote:
General Motors has told NASCAR teams it is cutting back on its support in all of the sanctioning body's professional series. Among the teams already notified that they will lose funding are JR Motorsports, owned by Sprint Cup star Dale Earnhardt Jr., and Kevin Harvick Inc., co-owned by Cup star Harvick and his wife, DeLana. JRM races in the second-tier Nationwide Series, while KHI has entries in Nationwide and the third-tier Camping World Truck Series. Cuts are also expected in the top-tier Sprint Cup series.
Chevrolet spokesman Terry Rhadigan said Friday that GM, reorganizing through Chapter 11 bankruptcy, said cuts would be made soon. "Our discussions are indeed NASCAR-wide," he said.
Rhadigan would not say if one series would be affected more than others, nor would he say the size of the cuts or how much GM spends on NASCAR. The automaker, through its Chevrolet brand, provides cash and other support to teams, including engines and parts. Rhadigan, however, said GM has no plans to withdraw Chevrolet from the stock car sport. "Racing is still in Chevrolet's DNA, and I don't think that's going to change," he said.
Mike Harris, AP Auto Racing Writer
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