Obama Orders Chevrolet and Dodge Out Of NASCAR !
#1
03-31-2009, 09:27 PM
Obama Orders Chevrolet and Dodge Out Of NASCAR !
With their racing budgets deemed “unnecessary expenditures,” GM and Chrysler are ordered to cease racing operations at the end of the season.
In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government. Companies around the globe—Honda and Audi, to name two—have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending.
The statement goes on further to say the same demand will be made of Ford if it asks for government assistance. “In order to receive this money, corporations must demonstrate they will spend it wisely. Racing has been said to improve on-road technology, but frankly, NASCAR almost flaunts its standing among the lowest-tech forms of motorsport. NASCAR is not proven to drive advancements that transfer from the racetrack to the road, and this nation’s way forward does not hinge on decades-old technology. We need new, and we need innovation.”
“Automakers used to operate on the principle of ‘win on Sunday, sell on Monday,’ but the Auto Task Force’s research just doesn’t validate that as true,” said the statement from President Obama
In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government. Companies around the globe—Honda and Audi, to name two—have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending.
The statement goes on further to say the same demand will be made of Ford if it asks for government assistance. “In order to receive this money, corporations must demonstrate they will spend it wisely. Racing has been said to improve on-road technology, but frankly, NASCAR almost flaunts its standing among the lowest-tech forms of motorsport. NASCAR is not proven to drive advancements that transfer from the racetrack to the road, and this nation’s way forward does not hinge on decades-old technology. We need new, and we need innovation.”
“Automakers used to operate on the principle of ‘win on Sunday, sell on Monday,’ but the Auto Task Force’s research just doesn’t validate that as true,” said the statement from President Obama
#2
03-31-2009, 09:38 PM
Who is reporting this? What's the source?
If that's true, they'll shut off 50% (or more) of their customer base. DUMB...
If that's true, they'll shut off 50% (or more) of their customer base. DUMB...
#3
03-31-2009, 09:40 PM
Looks word for word like the article from Car and Driver.
Obama Orders Chevrolet and Dodge Out Of NASCAR - Car News | Automotive News Blog at CARandDRIVER.com - Car News Resource
The world be a few rednecks light tomorrow as thousands of their collective heads explode. Holy crap.
Obama Orders Chevrolet and Dodge Out Of NASCAR - Car News | Automotive News Blog at CARandDRIVER.com - Car News Resource
The world be a few rednecks light tomorrow as thousands of their collective heads explode. Holy crap.
#4
03-31-2009, 09:42 PM
Joking aside, if this is true that has to be the most ridiculous thing that I have heard. I am speechless if this is true.
Last edited by ambleZ06; 03-31-2009 at 09:44 PM.
#9
03-31-2009, 11:08 PM
Here's the LINK!!Look's like I just reposted the same...Link....This 1 has some more info...
Obama Orders Chevrolet and Dodge Out Of NASCAR - Car News/Motorsports/High Performance/Hot Lists/Reviews/Car and Driver - Car And Driver
Obama Orders Chevrolet and Dodge Out Of NASCAR - Car News/Motorsports/High Performance/Hot Lists/Reviews/Car and Driver - Car And Driver
