You know things aren’t going the greatest when companies like Microsoft and Google put on hiring freezes, Yahoo! goes on a firing spree, electronics giant Best Buy making moves to reduce staff, folks out at Target Corp getting the chop, and every other person is out there job hunting because of this economic downturn. To make matters worse, credit card companies like American Express began lowering or freezing borrowing from their valued customers making matters worse for those looking to invest. Even my favorite blog site, The Consumerist, has fallen under hard times and is up for sale. You can tell times are bad cuz their ads are so big, they cover blog post titles.
And thereby, we can claim that the economy is just as miserable as the weather is right here in Minnesota.
Unfortunately, this trickle down effect has now hit the world of auto sports breaking the seemingly life-long bond between Subaru and the World Rally Championship. Without going into details, a statement from the parent company Fuji Heavy Industries (owned by Toyota) revealed that (Subaru) has officially pulled out of the 2009 WRC campaign. The economy could be one of the bigger reasons behind this decision but irrespective of the cause, it’s a sad day to see an icon like Subaru divest itself off of the rally championships. This from a company that made a name for itself by designing passenger vehicles from all of their testing and experience in the World Rally Championships. Truly a shocker!
All we have are memories…