How much money is “Michael Waltrip” spending on his new racing teams and facilities?”
Toyota Over Spending?….One fear is that Toyota will spend its way to domination in the sport [NASCAR], raising costs for everybody and perhaps eventually running off an ailing domestic manufacturer. Officials at Ford, which has struggled financially while sales of Toyota’s have gained greater share in the United States, have been most vocal in their criticism. Dan Davis, director of Ford Racing Technology, said his manufacturer’s NASCAR operation is financially sound. But he said Toyota’s spending spree in acquiring crew chiefs, drivers, engineers, tire changers and other support personnel has affected his teams. That includes Robert Yates Racing, which lost Jarrett and his UPS sponsorship [#44 Toyota]. “I think they have been predators, and people would say that might be extremely negative,” Davis said. “I would say that in the business world, people are predators. That’s how you get things done. When anything new comes in with a lot of resources, then those entities are going to tr
