The White House announced today that in order for Chevrolet and Chrysler to receive any more federal bailout monies they would have to quit participating in NASCAR races at the end of the current racing season.
"With their racing budgets deemed “unnecessary expenditures,” GM and Chrysler are ordered to cease racing operations at the end of the season."
The forced withdrawal is expected to save a minimum of 250 million dollars in expenditures.
“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.
South threatens to secede from the Union!
Comments(8)