It seems that the trickle down effects from the Chrysler bankruptcy have already begun as the Associated Press is reporting that Richard Petty Motorsports has laid off nine employees and cut salaries for many of it’s remaining ones.
The story directly cites the Chrysler bankruptcy as the main cause of a slow down of funding for the team and the basic reason for the cuts. The story paints a very bleak picture for the Petty team who is apparently scrambling to cut a deal with Toyota for next season to remain on the circut.
If this was Friday, we’d make it a reason to go home early and drink. Ah, what the hell, it’s Friday somewhere.
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