2 Racetracks looking for new sponsors

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2 Racetracks looking for new sponsors

jwilliamson4

7/18/08

DETROIT (AP) -- General Motors has notified New Hampshire Motor Speedway and another track that runs NASCAR events that their current contracts will not be renewed as the automaker tries to save $10 billion. The move seems to be the first step in what could be a huge drop in support by GM, Ford and Chrysler for race tracks and teams. GM President Troy Clarke says the company will change its promotional budget.

He gave no details, but the company has told the speedway in Loudon and Bristol Motor Speedway in Tennessee that it will not renew contracts. Among other things, GM and other car companies buy hospitality suites and track displays.

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