The scalpel of bankruptcy that is slicing off GM's sponsorship activities hasn't touched NASCAR's top tier Sprint Cup series, but the Nationwide and Camping World Truck series' have been trimmed. NASCAR drivers Dale Earnhardt, Jr. and Kevin Harvick have teams running in the lower two series, and have been told by GM that they will lose funding.

Harvick runs three trucks in the Camping World Truck Series and hasn't commented on what GM's move will bring. Earnhardt, with the backing of Hendrick Motorsports, fields two cars in the Nationwide series and a team spokeswoman said "we are fully capable of adjusting our business model to this change" to continue racing.

For now, Chevrolet has no plans to pull out of NASCAR entirely and the Sprint Cup remains immune to the cost cutting. As the red carpet event, everybody knows the fans want to see Chevrolet doing the ovals, and we imagine there will be quite a few other painful measures taken before the Bowtie would bow out of oval racing.

[Source: AP via Google News]