tool name
closeNASCAR faults report, says manufacturers still committed
JIM UTTER
The Charlotte Observer
Saturday, Jun. 28, 2008
EDITOR'S NOTE: This story appeared June 28 on ThatsRacin.com. Friday's news about Chevrolet has prompted its return.
LOUDON, N.H. - NASCAR sees no indication manufacturers plan any significant cutbacks in their respective NASCAR programs despite some recent reports out of Detroit to the contrary.
"Obviously, we are going through an economic cycle we've seen before and naturally that breeds a lot of these stories, but as a sport we are very confident with where we are," NASCAR spokesman Ramsey Poston said.
"The fan support has been good. TV ratings continue to be very strong. There is a lot of value there for a lot of our partners, our sponsors and manufacturers in the sport. We hope they continue to look at NASCAR as a place where there is a lot of value for them."
A column this week by Peter De Lorenzo of autoextremist.com said manufacturers' NASCAR budgets were on the "chopping block" and that Detroit car companies were set to pull back on their spending in the sport.
"There have been a lot of rhetoric and false assumptions about the sport in that article," Poston said. "The writer chose to write about a lot of doom and gloom, which doesn't reflect reality at all."