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GM bankruptcy creates ripple effect

Updated: June 17, 2009, 6:20 PM ET
By David Newton | ESPN.com

CHARLOTTE, N.C. -- General Motors will reduce its financial support in the Sprint Cup series, officials from several Chevrolet teams confirmed on Wednesday.

Hendrick Motorsports, Stewart Haas Racing, Earnhardt Ganassi Racing and Richard Childress Racing officials said they have been asked to participate in cutbacks by the U.S. auto manufacturer that recently filed for Chapter 11 bankruptcy. Officials did not say how large the cuts would be.

"We had very productive conversations this ...

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