Dollars And Sense: Fortune 500’s NASCAR Connection
NASCAR polled teams and tracks in a review to see what brands are sponsoring the sport. So far in 2012, 24 brands have committed to sponsorship somewhere within NASCAR. According to Jon Schwartz, NASCAR Integrated Marketing Communications, these new participants include Fortune 500 Altria Group, Hewlett Packard, and MasterCard.
None of these new Fortune 500 company logos, however, are adorned on the hood of a race car. Of course, a Sprint Cup car’s paint scheme is a fan’s favorite place to see a sponsor’s logo, and also the best way to keep a race team full of crew members fully employed. But while the race teams themselves have signed many of their current backers to extensions this season, no major additions for 2013 have been announced as of yet.