GM gives 54 sponsorship contracts the axe

Due to the current state of the economy, GM was recently given the permission to put a halt to 54 sponsorships including advertising and marketing contracts in the US. These cuts will save GM millions of dollars which will hopefully help the company regain its footing in the shakey encomoy. WorldCarFans reports that due to these budget cuts the Chevrolet Clock in Times Square that has been standing since the 1930s will be dismantled. With all of this help from the government will it be enough to save GM? Or will it only prolong the inevitable effectively slowing the company’s death? Only time will tell. Related Posts Window World Continues Sponsorship for John Andretti Window World is a totally new player in providing sponsorship at NASCAR and it looks like they f… Volvo to

Sponsor Quattro Wireless Venture with Edmunds.com Though it may seem like a chain of business deals, Edmunds.com seems to be the winner in the end. Ed… Chrysler Maintains Sponsorship for Terminator Series Chrysler may be cutting down on costs as far as advertising is concerned but it looks like we ar… Today on CarBuyersNoteBook.com Rent A Bugatti Veyron For $25,000 A Day! Tags: budget cut , economy , federal judge , recession , sponsorship , us government Related posts Toyota outs 2010 Prius in Japan, gets good reception (0) Supreme Court lets Fiat buy Chrysler (2) Saturn has 16 interested buyers (1) Saturn and Hummer to say goodbye, too (0) Rolls-Royce laughs at economy, expands workforce 50% (2)

Read the rest here:
GM gives 54 sponsorship contracts the axe