October 29, 2003

GM drops Pontiac Grand Prix from NASCAR program

General Motors announced today that it will not race or support the Pontiac Grand Prix following the end of the 2003 NASCAR season, but will consolidate its resources in NASCAR to exclusively support the Chevrolet Monte Carlo.

"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.

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