Jayski's NASCAR Archives

Drivers fret about automakers in tough economy:

  • Drivers fret about automakers in tough economy: As General Motors continues to be battered by grim economic news, those who drive for the struggling manufacturer can’t help but wonder what impact it will have on their NASCAR programs. On Thursday, GM said in its annual report that auditors raised serious doubt about the automaker’s ability to continue operating. The company has received $13.4 billion in federal loans and is seeking an additional $16.6 billion from the government. Tony Stewart, who has a long relationship with GM, said he believes the company is doing what it can to recover. “The biggest thing is we’ve got to get people to not be afraid to spend money again,” he said. “GM is doing their part. The Chevy brand is building cars that are affordable and economic and efficient. From a manufacturer’s side, that’s all you can ask for. I think they’ve really responded and done a good job in that respect.” Stewart said the fallout would be “tremendous” if any of the major American automakers went out of business. “I think it’s at the stage now where we can’t rely on the government to do it all for us,” he said. “We have to take an active role ourselves. I’m not saying as drivers or NASCAR. I’m saying our country together. We’ve got to get off our wallets and go back being Americans again and living life the way we used to.”
    Atlanta Motor Speedway owner Bruton Smith called on the federal government to do whatever it takes to keep the Big Three from going under. “It’s an abomination,” he said. “This country owes them.” He pointed to the role Detroit played during World War II, when the car companies quickly shifted their focus from automobiles to producing the machinery of battle. “They saved this country during World War II,” Smith said. “What if we get in another major, major war? Who’s going to build things? We need to do whatever we can to save those companies.”(Associated Press/ESPN)(3-8-2009)