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Chrysler won't suspend NASCAR program, will reduce funding

A rubber bullet has been dodged: NASCAR can still count on sponsorship dollars and involvement provided by the Detroit 3. Chrysler has stated that it will reduce the funds that flow from its taps into NASCAR, but won't leave the sport. As far as marketing and advertising goes, the "stock cars" still pay. Mike Acavitti, who runs the motorsports program at Dodge, said "We have to get our expenses in line with our revenues," but also said that "We're not going to pull out. We are going to throttle back. NASCAR is not exempt from anything else ... Read more →

Would GM shed Saab, Saturn and Pontiac to secure gov't aid? Jonathon Ramsey

Detroit Three pass credit check, $25 billion in gov't loans approved Chris Tutor

While the U.S. banking industry is still waiting for Congress to give it a $700 billion hand, President Bush signed into law last night the spending bill that gives U.S. automakers $25 billion in ...

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Chrysler won't suspend NASCAR program, will reduce funding 1 year ago on Autoblog

Would GM shed Saab, Saturn and Pontiac to secure gov't aid? 1 year ago on Autoblog

When ants need to cross some dangerous span in order to get to the thing they want, certain ants in the colony will sacrifice themselves to build a bridge that other ants can cross. That's how you get the honey. In GM's case, the honey is a $12 billion government lifeline. The dangerous span is, ...

Detroit Three pass credit check, $25 billion in gov't loans approved 1 year ago on Autoblog

While the U.S. banking industry is still waiting for Congress to give it a $700 billion hand, President Bush signed into law last night the spending bill that gives U.S. automakers $25 billion in loans to get their collective act together. But unlike when a bank deems you worthy of their money, the ...

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too!

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