Is Mars leaving NASCAR?

The maker of M&M's last signed a contract extension with Joe Gibbs Racing and Kyle Busch in 2019. Vincent and the team at Mars Wrigley opted to fully withdraw from the company's Nascar sponsorship come the end of the 2022 Nascar season, leaving many in the industry in shock.

Why is Mars Inc leaving NASCAR?

According to Sports Business Journal, Joe Gibbs Racing president Dave Alpern rationalized M&M Mars' departure, saying the brand "wants to try some new things - and no matter how big a brand is, they have a finite budget, so when you want to try something new, it has to come from somewhere else."

Which sponsors are leaving NASCAR?

But with a mass exodus of sponsors in the past, and another big one set to leave after 2022, is sponsorship now a problem in NASCAR? Companies such as Home Depot, Lowes, Office Depot have left the sport in recent years, and M&M's is set to join them after the upcoming season.

Is Kyle Busch losing his sponsor?

Kyle Busch loses M&M sponsorship

In January, before the start of the 2022 season, the 36-year-old driver visited with the media and admitted he was disappointed in the decision but understood it was part of the business and still had hope about his future with the team.

Is Kyle Busch staying with Joe Gibbs Racing?

With no sponsor in place for 2023, Busch's continued role as the driver of Joe Gibbs Racing's No. 18 Toyota is not clear, and comments made by Busch in April only added to speculation about what might happen to one of NASCAR's biggest stars.

M

Is M&M's leaving NASCAR?

Over the offseason, M&M Mars announced that they will stop sponsoring two-time NASCAR Cup Series champion Kyle Busch after the 2022 season, ending a run of more than three decades in racing. But they plan to make the most of their final season as the sponsor of the #18 Joe Gibbs Racing Toyota, and that starts now.

Is Interstate Batteries leaving NASCAR?

Under the new agreement, Interstate Batteries will continue to serve as the official battery of Joe Gibbs Racing and as the primary sponsor on the NASCAR Cup Series No.

How much does M&M pay to sponsor NASCAR?

Chocolate brand to retain partnership until 2018.

Joe Gibbs Racing (JGR), Busch's team, agreed the extension with M&Ms' parent company Mars for 32 events per season. The deal could be worth as much as US$12 million a year to the team.

Is Mars leaving Kyle Busch?

Longtime sponsor M&M's, which had been with Kyle Busch for two Cup championships, will be leaving NASCAR after the 2022 season – ending a partnership on the No. 18 Toyota that began in 2008 with Joe Gibbs Racing and Mars Inc., the brand's parent company.

Who will sponsor NASCAR in 2022?

What they've been up to: Ahead of the 2022 season, Joe Gibbs Racing bolstered their sponsorship portfolio. The team has extended its partnership with Rheem and its brands will continue to be featured on both the number 20 and number 18 cars driven by Christopher Bell and Kyle Busch.

Why did Kyle Busch leave Hendrick?

When the decision to let Kyle Busch leave his stable after the 2007 campaign where he finished 5th overall a red flag of caution was wandering over his head. Hendrick decided to let Busch go to the highest bidder which happened to be Joe Gibbs Racing and Toyota Motorsports.

What car is Kyle Busch driving today?

As of 2022, he competes full-time in the NASCAR Cup Series, driving the No. 18 Toyota Camry for Joe Gibbs Racing and part-time in the NASCAR Camping World Truck Series, driving the No. 51 Toyota Tundra for Kyle Busch Motorsports.

Does Kyle Busch have a sponsor?

Kyle Busch has been sponsored by M&M's since he joined Joe Gibbs Racing in 2008, but the company informed the team ahead of the season that it was leaving NASCAR at the end of this year.

Who owns Interstate battery?

Interstate Battery System of America, Inc., a.k.a. Interstate Batteries, is a US privately owned battery marketing and distribution company. It markets automotive batteries manufactured by Brookfield Business Partners, Exide Technologies, and others through independent distributors.

Who sponsors Kyle Busch in 2022?

Another recognizable and long-tenured NASCAR sponsor is leaving the Cup Series. Joe Gibbs Racing and Mars announced on Monday that 2022 would be the company's final season sponsoring two-time Cup Series champion Kyle Busch.

Who is the richest NASCAR driver?

1. Dale Earnhardt Jr. Dale Earnhardt Jr. earns the ranking of the wealthiest NASCAR driver, with an estimated net worth of $300 million.

What is the R-word in NASCAR?

The R-Word stands for retarded, a slur against all people with disabilities. The R-Word first came to my attention at the time of this article when Nascar driver Kyle Busch used the word during a post-race interview at Martinsville Speedway in Ridgeway, Virginia.

Does Jeff Gordon own part of Hendrick Motorsports?

Gordon, the face of NASCAR as it exploded in popularity in the 1990s, had an equity stake in Hendrick Motorsports since 1999, and his interest in the business side of the sport only grew, even as he called races in the Fox Sports booth.

How rich is Danica Patrick?

The estimated net worth of Danica Patrick is $80 million. Danica Patrick is an American racing driver and spokesperson. Dana has the title of the most successful woman in the history of American racing.

How much does NASCAR drivers make a year?

The salaries of Nascar Drivers in the US range from $21,364 to $577,997 , with a median salary of $103,858 . The middle 57% of Nascar Drivers makes between $103,862 and $260,376, with the top 86% making $577,997.