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
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