Although Chrysler/Dodge is publicly standing behind its NASCAR involvement for 2009, things look bleak for the ailing automaker.
A quote from ESPN.com:
The news Wednesday from Chrysler headquarters in Auburn Hills, Mich., was grim — the company will close all 30 of its manufacturing plants for a month beginning Friday because of sagging sales — but indications are the company’s involvement in NASCAR will not change.
An individual with knowledge of the situation said the closings will not alter Dodge’s involvement in NASCAR. Dodge has contracts with Gillett Evernham, Penske Racing and Petty Enterprises. All will be honored next season.
“Dodge will be back next year,” the official said.
Chrysler said in a release Wednesday that tighter credit markets are keeping potential buyers from the showrooms. With a slowing demand, the company said it must match production and save cash.
Multiple sources at Chrysler have indicated that without at least a $7 billion bailout from the Federal Government by the end of the year, the automaker would have to shut its doors. [Source: Forbes]