The events leading up to and including the bankruptcy of General Motors and Chrysler is beyond appalling. Personally, the elimination of the Pontiac Motor Division is particularly painful, and it would not have been necessary if our government would stayed out of the way. I remain steamed, but there is nothing I can do.
At least the folks aver at FOX News understand the quality of machines that are going away. On the way to the winners circle, wider will forever be better.
Meanwhile, GM has informed several NASCAR Nationwide Series and Craftsman Truck Series teams they are withdrawing Chevrolet manufacturer support, including teams owned by Rusty Wallace, Kevin Harvick and Dale Earnhardt, Jr.
I am afraid this is the first of series of announcements that will shake NASCAR to the core. Agitating the NASCAR fan base will be like pouring gasoline on an already burning electorate. If I were still an owner of International Speedway Corporation stock, (ISCA:NASDAQ) I would be a seller in the current fascist environment.
The good ole boys are up at Michigan International Speedway this weekend, and I would hope car owners the likes of Roger Penske, who just bought Saturn from GM, Jack Roush and Rick Hendrick would be having a pow wow to formulate some sort of plan to combat the current onslaught, cause they are burning Detroit down!
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