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Auto Manifesto: Racing Recession
http://www.automanifesto.com/2008/12/racing-recession.html
Racing Recession Porsche, Honda, Subaru and Suzuki have all pulled out of various racing series due largely to the recession. It appears that economic conditions just further emphasized how pointless much of the spending in racing is. ... For auto racing to survive it has to improve the quality of racing while keeping budgets reasonable and ...
U.S. auto industry in recession, GM’s president says ...
https://www.autoracing1.com/pl/262933
U.S. auto industry in recession, GM’s president says Autoracing1 May 13, 2008 While debate continues over whether the U.S. economy is in a recession, General Motors Corp. President Fritz Henderson said today that there’s no question the U.S. auto industry is in a recession.
Recession? What recession? – AutoRacing1.com
https://www.autoracing1.com/pl/232095
So, it seems that this "global recession" has not impacted negatively on everyone. Check this out! It's a Mercedes Benz owned by an Abu Dhabi oil billionaire. Featuring the newly developed V10 quad turbo with 1,600 horsepower and 2800nm of torque 0-100km/h in less than 2secs, 1/4 mile in 6.89 secs running on biofuel.
Motor Racing Reacts to Worldwide Recession | HuffPost …
https://www.huffpost.com/entry/motor-racing-reacts-to-wo_b_150967
The biggest news around the racing world is that Honda has left F1 racing, a move which Honda President Takeo Fukui said will save the company $987 million a year (yes, you read right - that's Honda's budget for F1 R&D and fielding a two-car team for one year). Honda has also pulled out of the AMA's motorcycle road racing series in the US.
NASCAR reacts to recession – AutoRacing1.com
https://www.autoracing1.com/pl/314039
The so-called "Great Recession" has swept into NASCAR stock-car racing and brought dramatic changes within the industry. With money tight for race fans, NASCAR and member racetracks, such as Daytona International Speedway, are trying to make racing affordable for those tightening their household budgets. The Speedway saw this storm forming ...
The auto industry barely survived the Great Recession. …
https://www.cnn.com/2019/03/29/business/auto-bailout-anniversary/index.html
The GMC HUMMER EV is driven by next-generation EV propulsion technology that enables unprecedented off-road capability, extraordinary on-road performance and an immersive driving experience.
Automakers got a bailout after the last recession, what's ...
https://www.nbcnews.com/business/autos/automakers-got-bailout-after-last-recession-what-s-their-strategy-n1197696
Last year was one of the best on record for the auto industry, with new car sales hitting 17.1 million. This year, however, the figure could fall as low as 12.4 million, raising questions about ...
Honda President Sees No Recession in US – AutoRacing1.com
https://www.autoracing1.com/pl/265784
Honda President Sees No Recession in US Autoracing1 February 27, 2008 Honda President Takeo Fukui brushed off looming worries about a U.S. slowdown Wednesday, saying sales are strong especially on the East Coast amid growing demand for fuel-efficient cars.
The recession in global car sales shows no sign of …
https://www.cnn.com/2020/01/20/business/global-auto-recession/index.html
The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year.
HOW IS GAMBLING FARING IN THE RECESSION?
http://www.horseracingbusiness.com/how-is-gambling-faring-in-the-recession-541.htm
Horse Racing. Handle on U.S. and Canadian Thoroughbred racing declined by nearly 10% (9.85% to be precise) in the 3rd quarter of 2008, continuing a trend that started earlier in the year ( The Blood-Horse, October 18, 2008). Purses were down 2.37% in the same period. Ominously, yearling prices collapsed. Gross revenue from the first seven days ...
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