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Boozer · 06-01-2009, 08:06 PM

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http://www.sportingnews.com/yourturn...c.php?t=555566

GM says bankruptcy won't hurt Olympic sponsorship

VANCOUVER, British Columbia (AP) -- General Motors says filing for bankruptcy protection will have "no impact" on its sponsorship of the 2010 Winter Olympics.

GM has committed more than $60 million to the Games, mostly in the form of cars and trucks, though roughly $12 million is in cash.

"There will be no impact on our sponsorship of the Winter Games," company spokesman Stew Low said via e-mail Monday. "We are fully committed to our support."

Low wouldn't say how much has already been handed over to Olympic organizers and how much is yet to come, but he did confirm that parts of the sponsorship, including some vehicles, are not yet delivered.

Olympic organizers said they're confident GM will deliver on its sponsorship commitments.

"Over the past several days, our senior executives have been in regular communication with our partners at GM Canada Ltd. who have reaffirmed their support for the 2010 Winter Games," Renee Smith-Valade of the Olympic organizing committee e-mailed.

"GM has been an exceptional partner and has met all of their commitments to date, both financial and value in kind."

06-01-2009, 08:06 PM
Boozer So Fucking Banned Join Date: Feb 2005 Posts: 3,134	Nice http://www.sportingnews.com/yourturn...c.php?t=555566 GM says bankruptcy won't hurt Olympic sponsorship VANCOUVER, British Columbia (AP) -- General Motors says filing for bankruptcy protection will have "no impact" on its sponsorship of the 2010 Winter Olympics. GM has committed more than $60 million to the Games, mostly in the form of cars and trucks, though roughly $12 million is in cash. "There will be no impact on our sponsorship of the Winter Games," company spokesman Stew Low said via e-mail Monday. "We are fully committed to our support." Low wouldn't say how much has already been handed over to Olympic organizers and how much is yet to come, but he did confirm that parts of the sponsorship, including some vehicles, are not yet delivered. Olympic organizers said they're confident GM will deliver on its sponsorship commitments. "Over the past several days, our senior executives have been in regular communication with our partners at GM Canada Ltd. who have reaffirmed their support for the 2010 Winter Games," Renee Smith-Valade of the Olympic organizing committee e-mailed. "GM has been an exceptional partner and has met all of their commitments to date, both financial and value in kind."