from nascar anyway....
Dodge and Chevy leaving NASCAR? not yet: The three major car racing circuits -- Formula One, NASCAR, and Indy Car -- have built a multibillion dollar business. Formula One revenue, including sponsorships and broadcast fees, is estimated at $3.9 billion a year, which is more per event than either the NFL or The Premier League of soccer clubs. Toyota has elected to pull out of Formula One because of cost considerations. The world's largest car company has lost money for more than a year. Reuters estimates that Toyota has spent $300 million per year on its Formula One campaign. Honda (HMC) pulled its cars from the circuit earlier this year.
The Toyota retreat can be added to news that the Obama Administration has pressured Chevy and Dodge to pull out of the NASCAR racing series to save $250 million a year. The two companies have been pillars of NASCAR and there are no other auto firms with large enough budgets to replace them.(MSN's Money Central blog by Top Stocks writer Douglas A. McIntyre, an editor at 24/7 Wall St), however, both GM/Chevy and Dodge reps have said over and over, that both Chevy and Dodge are committed to the sport, for at least 2010 anyway. See my Dodge News page and Chevy News page for those statements.(11-5-2009)