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Tue June 2, 2009
NASCAR leaders confident GM support will continue
UNDATED (AP) – UNDATED (AP) - General Motors has become the second of NASCAR's four manufacturers to enter Chapter 11 bankruptcy protection.
Officials say they remain confident support will continue as the automakers shore up their finances.
Chrysler fields Dodges in NASCAR and already is in Chapter 11 protection.
Chrysler filed April 30, and a judge has given the company approval to sell most of its assets to Fiat, helping its chances of exiting court protection as early as this week.
Chevrolet, Dodge, Ford and Toyota are the four participating automakers in NASCAR, and each spends millions each season to fund its race teams.