All Quiet in Detroit

With car sales plummeting globally, the industry needs advance financing.

October 28, 2008

FOR decades, NASCAR car racing has symbolized car industry supremacy in Detroit, Michigan, USA. Winning at the NASCAR circuit is identical to Detroit’s expertise in designing racing cars. The race arena is also like a showroom. So tight is the relationship between NASCAR and Detroit that among car dealers there’s a saying, “Whatever wins [in NASCAR] on a Sunday, will be sold the following Monday.”

Today NASCAR’s very existence is in gr

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