The judge overseeing General Motors’ bankruptcy case waved the black flag at a trio of NASCAR racers, allowing the auto maker to sever sponsorship deals with current and former drivers.
GM obtained court permission Monday to end 56 promotional contracts. Caught in the pile up were 2008 Daytona 500 winner Ryan Newman, 2007 Nationwide Series co-champion Jeff Burton and NASCAR legend Rusty Wallace.
The sponsorships were among the contracts left with the “old†GM to be wound down in bankruptcy. The auto maker, which emerged from bankruptcy protection last week… Details
NASCAR driver Jeremy Mayfield tested positive for methamphetamine for the second time and lawyers for the racing series argued the driver should have his ban reinstated, according to a motion filed in federal court Wednesday.
The urine sample collected on July 6 “conclusively” showed that Mayfield had again used the addictive street drug, NASCAR’s lawyers wrote in the filing that urges a U.S. District Court judge in Charlotte to reconsider the temporary restraining order that lifted the 40-year-old driver’s suspension…Â Details
Kevin Harvick is under contract with Richard Childress Racing for one more season, and the team expects him to drive the No. 29 in 2010.
RCR released a statement Wednesday responding to a report on SI.com that Harvick wanted out of his deal and was hopeful of moving to Stewart-Hass Racing…Â Details
Kevin Harvick has informed Richard Childress that he wants out of his contract with RCR a year early, several media outlets report.
Harvick is under contract with Richard Childress Racing through 2010, but his Shell/Penzoil sponsorship deal runs out after this season. Sports Illustrated reports that Harvick wants to take that sponsorship to Tony Stewart’s Stewart-Haas Racing. Stewart has said…Â Details