Thread: GM to cut funding NASCAR!

The economic slowdown in the U.S. and slow car sales, GM is cutting motorsport sponsorship and funding in the coming years. NASCAR most threatened, because GM does not spend much on the organization of stock car racing to three hours. GM is bleeding $ 1 billion U.S. in cash per month, thanks to the current economic environment.

Here is the link- http://www.forbes.com/reuters/feeds/...TORSPORTS.html

Well, all you out there, go buy some more cars. Problem solved.

And all those little bits of merchandising like key rings (fobs) and jackets, and stuff.

Not good. Can Ford and GM dig themselves out of the holes they are in? Or is it already too late?

-kmamaji-

The biggest problem for Ford and GM are the unions. The unions represent people from their own work; he cannot force companies to pay and the prices of their products a little higher than the competition.

Not that I do not think that anyone up to $ 100,000 earned a year to get to work, but if we are in recession and Aren’t you sell your products anywhere and its costs are wages or dismissals ether.

This combined with the Americans who are loyal to products from own production.

Unions aren't anywhere near the top of the list of problems. It's management, poor quality, and bad product.

Why should Americans be loyal to crappy products from insensitive companies? GM has lost 1% market share for the last 40 years.

They don't listen, they don't fix their problems.

-kmamaji-

Exactly, the workforce is not responsible for the bad decisions management makes. They're victims of them.

I guess it is management’s fault that GM does pay more in union member benefits than they do in steel.

-kmamaji-

How unions help all workers

How unions help all workers

Go through it.

As a pro union guy, I am not going to say much more on this. It’s not the unions fault here kids, part of it maybe, the whole blame like some here have suggested, PLEASE PROVE IT.