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/C O R R E C T I O N -- General Motors Corporation/
In the news release, GM (NYSE: GM) Strengthens Chevrolet NASCAR Program in 2004,
issued earlier today by GM over PR Newswire, we are advised by the company that
there are changes to the second and last paragraphs and a media conference call
has been scheduled. Complete, corrected release follows:
DETROIT, Oct. 28 /PRNewswire/ -- Following the end of the 2003 NASCAR season,
GM will consolidate its resources in NASCAR to exclusively support the Chevrolet
Monte Carlo and further advance and solidify the dominant position enjoyed by
Chevrolet in this series.
"GM Racing will focus its 2004 NASCAR program on the Chevrolet Monte Carlo, and
will no longer race or support the Pontiac Grand Prix race car," said Doug
Duchardt, director of GM Racing. "This transition will enable GM Racing to
strengthen its Chevy Nextel Cup program and, at the same time, work with Pontiac
on its future racing plans."
"Given Pontiac's long association with NASCAR and our many great accomplishments
over the years, the decision to withdraw from NASCAR was not an easy one," said
Lynn Myers, general manager of Pontiac-GMC. "Consistent with GM efforts to
focus its racing programs, Chevrolet will carry the NASCAR banner while Pontiac
can now devote resources to developing future racing and marketing programs
consistent with our new performance products, including the GTO, Grand Prix Comp
G, G6 and the GXP performance series. We are proud of our racing
accomplishments and we recognize that it is a powerful engineering, people
development and marketing tool. Pontiac is investigating new opportunities to
highlight the performance of our vehicles on the track."
Coming into the 2003 season, the Pontiac Grand Prix won two of the past three
NASCAR Winston Cup drivers' championships: Bobby Labonte in 2000, and Tony
Stewart in '02.
Chevrolet has an ongoing record of dominance in NASCAR's modern era. Chevrolet
has won 23 of the last 31 NASCAR Winston Cup manufacturers' championships
including the 2003 title with 10 different drivers capturing 17 wins in 33 races
so far this year. Through 2003 in the NASCAR Busch Series and Craftsman Truck
series, Chevrolet has won 10 of 13, and five of nine NASCAR manufacturers'
titles respectively. With 2003 drivers' titles still to be determined in both
series, Chevrolet has won 11 of 21 in Busch and seven of eight in Craftsman
Truck.
DATASOURCE: General Motors Corporation
CONTACT: Mike Stoller of GM Racing Communications, +1-313-665-2445,
; or Jim Hopson of Pontiac-GMC Communications,
+1-313-667-4124,
Web site: http://media.gm.com/
http://www.gm.com/