The intruding economy
GM is reeling from huge financial losses and the giant automaker plans to slash annual spending by $10 billion. Its support of NASCAR and other auto racing is not exempt from possible cuts.
GM’s slump added to economic problems now buffeting NASCAR stock-car racing, the IndyCar Series, the NHRA drag-racing circuit and smaller niche circuits such as sports-car racing.
The tough economic times, combined with high gas prices, also are keeping many fans from attending races.