With the slump of the American economy NASCAR’s most popular manufacturer, General Motors, will cut back on their spending by $10 billion. General Motors fields the Chevrolet Impala SS in NASCAR’s highest level.

GM will not renew contracts with two racetracks and suspend its stock dividend.

"Like all areas of the business, these areas have not gone without a certain level of scrutiny, and there will be modifications and changes in our promotional footprint in all of those areas," said the president of GM North America, Troy Clarke. "We're not going to talk about the details today, and specifically NASCAR, but all those areas have been reviewed and will continue to be as we work these action plans through."

Keep an eye out on HardcoreRaceFans.com for any future details on the GM cutback.