NASCAR pleased after GM pulls out of bankruptcy

11 07 2009

JOLIET, Ill. — The swift exit of General Motors from bankruptcy protection was good news for NASCAR’s industry leaders, who count on the automaker’s financial support to fund their pricey race teams.

GM emerged Friday after only 40 days under court protection. The sport’s heavyweights like Mark Martin, Tony Stewart, Jeff Gordon and Dale Earnhardt Jr. all drive Chevrolets. It’s also NASCAR’s most Successful manufacturer, with 32 championships in the Sprint Cup Series.cnnad_createAd(“614534″,”http://ads.nascar.com/…yes&params.styles=fs”,”250″,”193″);

Hendrick Motorsports standout Jimmie Johnson has won the last three Cup championships in Chevrolets, and team owner Rick Hendrick has long expressed his support of GM, even as the automaker sunk into bankruptcy.

Hendrick vice president of development Doug Duchardt said Friday that Hendrick Motorsports never wavered in its support.

“We’ve raced Chevys for 25 years,” Duchardt said at Chicagoland Speedway. “This is just one situation. We’ve worked through it and we’ll move on down the road.”

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Truex Jr. will move to Michael Waltrip Racing for 2010 season

8 07 2009
truex

Truex Jr. will move to Michael Waltrip Racing for 2010 season

CORNELIUS, N.C. — Martin Truex Jr. has known for more than six weeks what his plans are for next year.

On Tuesday at Michael Waltrip Racing headquarters, Truex finally got the opportunity to make the official announcement of his move to MWR under a multi-year agreement with the Toyota team, the specific terms of which were not disclosed.

“I’m excited,” said Truex, who will drive the No. 56 NAPA Camry next season as team owner Michael Waltrip scales back to an abbreviated schedule in the No. 55 Toyota. “I’ve been telling y’all for a month and a half that I want to tell you, but I can’t.

“It’s hard to hold it in. I’ve been so excited about it — I really have been. I haven’t been excited about anything like this for a long time. I feel good about it.”

Concurrent with the Truex announcement, NAPA confirmed a multi-year extension of its sponsorship agreement with MWR. NAPA also will sponsor Waltrip’s car in the 2010 Daytona 500. Beyond that, Waltrip, 46, a two-time Daytona 500 winner, hasn’t set his schedule for next year but says he could run as many as 10-12 races depending on sponsorship.

Chances are he will complete in all four restrictor-plate races, two each at Daytona and Talladega.

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