Blog November 2008

Blog November 2008

  • Southern Senators and Congressional Members Not Helping NASCAR
    • Nov 24, 2008
    • Blog

    Yesterday Senator Richard Shelby of Alabama joined the chorus of southern Senators and other Republican congressional members who are not behind a bailout for the U.S. automotive industry. Why? Toyota, Mercedes, Hyundai, and other foreign auto makers have concentrated their U.S. factories in the lower-wage southern states. It must be frustrating for NASCAR to watch their Southern Republican politicians, a group coddled by NASCAR for many years, so directly support a policy position that will affectively destroy the domestic US auto industry and have a profound impact on NASCAR.

    The winds of change are blowing in American motorsport in many, many ways.

  • Off Season Might Not Be Long Enough For NASCAR
    • Nov 02, 2008
    • Blog

    NASCAR’s leadership has always been respected for making good business decisions and all their moves seemed to always be the right ones – who could argue with near constant growth of sponsors, venues, TV numbers, and fans.  But the 2009 NASCAR season might just test the true business acumen of those at the helm of the NASCAR ship because, for the first time in many years, the stars are not aligned in NASCAR’s favor. The sport had already, though recently, stopped growing and, in the coming months, there is a good chance that multiple pieces of the US financial system that directly affect NASCAR’s bottom line are all going to unwind at the same time. The “everything we touch turns to gold” days are over and with such limited choices the best way forward might just be the only way forward. 


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