What effects on NASCAR if Big 3 file Chapter 11 Bankrupcy?

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Old Nov 21, 2008 | 09:54 PM
  #16  
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It won't be business as usual. some of the manufacturers have already pulled out of truck and Nationwide for next year.

They will stay @ the cup level, Chevy and Ford, anyway, because they get proven results for their $$$. Chevy has the one of the highest brand loyalties of any manufacturer, and a lot of that comes from their racing support.

Nascar has survived in the past with limited factory support, they will survive going forward, but some of the lesser funded teams will struggle. You will end up seeing more of the same cars winning every week, and the gap between the big 4 and the rest of the teams will grow, especially due to the testing ban.

Motorsports as a whole will look drastically different next year. Biggest impact will probably be in the NHRA, and the two lower Nascar series.
 
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Old Nov 23, 2008 | 12:24 PM
  #17  
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Originally Posted by Screw50
Tax write offs: You make $200.00, give $20.00 away (sponsorship, advertising expense, whatever) at the end of the year you have $180.00 to be taxed on. Write offs are not that great. You can't be taxed on money you don't have. I have heard many times, "you can write that off." If you give money away, you don't have it. You have to make it,(or in the auto industry case,maybe borrow it) to give away. Nobody get's a great advantage to "write off" anything. It is an expense.
Ok lets use your number of $200.
You write off more than $20. You get to write off all associated expenses related to it, travel, meals...all sorts of things to a point where you may write off the entire $180 as a loss when it really is not.
It's the way the tax structure is written...by those most likely to benefit by lobbies. It's the American way of big business.
It's the primary reason they can throw money hand and fist into it while appearing to bleed money out the other end.
38 billion in losses can be a few hundred million in actual loss.

Now look at how they make money on ticket sales, memorabilia and TV air time and the advertising related to that equals big profits that will not go away just because the Big 3 stop making cars in the US.
They will continue making money, US will just get a smaller share of the Big 3 profits down the road.
 
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Old Nov 23, 2008 | 02:00 PM
  #18  
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Originally Posted by Old Dogg™
Ok lets use your number of $200.
You write off more than $20. You get to write off all associated expenses related to it, travel, meals...all sorts of things to a point where you may write off the entire $180 as a loss when it really is not.
.



So as a result you do not have the $200.00 anymore, All written off on related expenses. I would think that keeping the $200.00 paying the 30% tax and keeping the balance of $170.00. You can then spend that $170.00 on what is important. example that bass boat or research and development to help keep your company in the market.

I got all caught up in that I can write it off frenzy several years ago. Pay the tax and have a bigger net income....
 
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Old Nov 23, 2008 | 06:25 PM
  #19  
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I was listening to the NASCAR station on Sirius 128 the other day! They were stating hypothetically that if any of the Big three go under, NASCAR would have to return to it's roots!
 
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Old Nov 23, 2008 | 08:11 PM
  #20  
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Don't count on it. NASCAR has an already developed engine making 358 cu in that is built by and for NASCAR. The only reason you haven't seen it on the tracks is the auto makers threatened to pull out of NASCAR if it ran one lap in competition. The France family has just about covered all of the bases to make sure they can still get deep in the pockets of the NASCAR fans. Frankly, NASCAR doesn't need the auto makers and the auto makers don't need NASCAR.
 
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Old Nov 24, 2008 | 10:12 AM
  #21  
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Originally Posted by Labnerd
Don't count on it. NASCAR has an already developed engine making 358 cu in that is built by and for NASCAR. The only reason you haven't seen it on the tracks is the auto makers threatened to pull out of NASCAR if it ran one lap in competition. The France family has just about covered all of the bases to make sure they can still get deep in the pockets of the NASCAR fans. Frankly, NASCAR doesn't need the auto makers and the auto makers don't need NASCAR.
Great post.

Plus all the teams that have millions and millions sunk into development of the current platform would be stupid to dump it all to go back to Nascar's "roots"
 
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Old Nov 24, 2008 | 10:53 AM
  #22  
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Originally Posted by harleydude78
agree 100%. things would be so much different at DEI if he was still around.
Like they would be winning? I think the biggest mistake Dale ever made was giving that race team to Teresa. I Think they would be doing better if he'd given it to Jr.

I think that NASCAR needs the automakers but not the reverse. I stopped watching when the COT came out, I think it is ugly and looks like a civic. The automakers want to go back to their roots, where the car are more like the production models. If NASCAR wants to do better they can let the teams actually compete. Get ride of the restrictor plates, and let FI in. Every team has to have the exact same car so that it is all about set up, well it is kind of boring when the pole sitter is a second faster than the 43rd starter, and they race around like that for 500 laps.

Racing is where a lot of develpment for the big three came from back when the teams could expirement with the car.
 
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Old Nov 24, 2008 | 11:23 AM
  #23  
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Originally Posted by FX41
If NASCAR wants to do better they can let the teams actually compete. Get ride of the restrictor plates, and let FI in.
Do you realize the cost to Nascar and all the teams if they were to implement FI? Both parties would be shooting themselves in the foot financially.

Originally Posted by FX41
Every team has to have the exact same car so that it is all about set up, well it is kind of boring when the pole sitter is a second faster than the 43rd starter, and they race around like that for 500 laps.
Have you watched 1 race this year? Noteably a restrictor plate race? I don't know about you, but find any other racing series that out of 43 cars, there is only a second between all the cars.....

Originally Posted by FX41
Racing is where a lot of develpment for the big three came from back when the teams could expirement with the car.
Ok, so you want closer racing, yet don't want restrictor plates which plays into the closer racing. If the teams were to be able to experiment more, which inturn would make the racing more spread out seeing the big budget teams would dominate even more than they already do.

So what's it gonna be?
 

Last edited by SMIGGS; Nov 24, 2008 at 12:50 PM.
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Old Nov 24, 2008 | 12:47 PM
  #24  
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Originally Posted by Labnerd
Don't count on it. NASCAR has an already developed engine making 358 cu in that is built by and for NASCAR. The only reason you haven't seen it on the tracks is the auto makers threatened to pull out of NASCAR if it ran one lap in competition. The France family has just about covered all of the bases to make sure they can still get deep in the pockets of the NASCAR fans. Frankly, NASCAR doesn't need the auto makers and the auto makers don't need NASCAR.
Exactly.
They have been planning to go Global and race any and everywhere.
 
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Old Nov 24, 2008 | 03:58 PM
  #25  
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SMIGGS,

I don't think that the teams should have to use fuel injection, i'm just saying that NASCAR makes rules that slow the cars down, I think that is counter productive. I want my racing to be dangerous, fast and rough, thats what NASCAR used to be. The good old days of fist fights on the homestretch after the race, that was when NASCAR was cool. No, I haven't watched a race this year but up until about 2 years ago I didn't miss very many. I don't want closer racing, I want the teams to be able to put the best car they can out on the track, if that is a fuel injected 350 or a carb'd 350 with the perfect setup and gear and they compete, awesome, I just don't like how NASCAR continually regulates on what and how the teams do things.

Did I strike a nerve or something? Its like I pissed you off.
 
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Old Nov 24, 2008 | 04:10 PM
  #26  
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Originally Posted by FX41
I don't think that the teams should have to use fuel injection, i'm just saying that NASCAR makes rules that slow the cars down, I think that is counter productive. I want my racing to be dangerous, fast and rough, thats what NASCAR used to be.
What did I miss by your "let FI in" statement?

NASCAR slows the cars down for safety. For both the driver and fans. So you'd be fine with more drivers getting killed for the sake of the show?

Originally Posted by FX41
The good old days of fist fights on the homestretch after the race, that was when NASCAR was cool.
You didn't happen to catch the truck race this year ( I forget which one)where David Starr's and Todd Bodine ( I think ) crews were going at it? Or when Harvick jumped on Rudd's hood at Bristol a few years back? The "fighting" is still there. Just not every race.

Originally Posted by FX41
I don't want closer racing, I want the teams to be able to put the best car they can out on the track, if that is a fuel injected 350 or a carb'd 350 with the perfect setup and gear and they compete, awesome, I just don't like how NASCAR continually regulates on what and how the teams do things.
If this did happen, I can only imagine the whining of the people about how the Hendricks, Roushes, RCR, ( high budget teams ) are flat out dominating. Think of the "good olde days" when there was only 2 or 3 cars on the lead lap. If Nascar didn't regulate they way they do, there might only be 4 teams racing this year with the economy as rough as it is.

Pissed off? Hardly.
 
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Old Nov 24, 2008 | 04:16 PM
  #27  
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Hopefully they end NASCAR once and for all. . . Save all the racing fuel for true racers out there. . . Finally stop the circle madness and stop slaughtering innocent horses for their glue to hold on their advertizing stickers. . . .





poor horse. . being beaten to adhese decals to a 'race car'
 

Last edited by Camarothatcould; Nov 24, 2008 at 04:25 PM.
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Old Nov 24, 2008 | 05:05 PM
  #28  
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Originally Posted by Camarothatcould
Hopefully they end NASCAR once and for all. . . Save all the racing fuel for true racers out there. . . Finally stop the circle madness and stop slaughtering innocent horses for their glue to hold on their advertizing stickers. . . .





poor horse. . being beaten to adhese decals to a 'race car'
You need an appointment with Dr. Phil!!!.........
 
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Old Nov 24, 2008 | 05:37 PM
  #29  
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Originally Posted by FX41
I want my racing to be dangerous, fast and rough, thats what NASCAR used to be.
Sadly that era ended in turn 4 on the last lap of the 2001 Daytona 500.
 
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