Crisis crunch... for everyone
Par Benjamin Martin-Tardivat le mardi 25 novembre 2008, 06:34 - Valeurs - Lien permanent

General Motors today said it would terminate its endorsement deal with Tiger
Woods in December, ending the pro golfer's nine-year stint with the
automaker.
GM issued a statement asserting that both GM and Woods "agreed to a mutual and
amicable separation that included a desire for more personal time for the
golfer who is expecting his second child in
late winter as well as the search for budget efficiencies during a difficult
economy for GM."
Tiger Woods signed with GM nine years ago, but has been used sparingly by the
automaker. Earlier this year, however, GM began featuring Woods front and
center to boost sales of the Buick Enclave luxury crossover. TV spots featured
Woods discussing what he likes about his Enclave.
In June, GM launched a promotion for Buick called "Tee Off with Tiger," where
fans were asked to guess Woods' score on each hole he played through the fall,
for a chance to win his services as a caddy at Torrey Pines golf course.
As the auto industry continues to sputter and the big carmakers seek a federal
bailout, it's little surprise that media spending in the category has begun to
erode.
According to Nielsen Monitor-Plus data, Ford and Chrysler each spent 22 percent
less on advertising in 2008, while General Motors' ad spend dropped 6 percent.
Through July, GM retained its position as the top-spending auto company,
investing $1.25 billion in advertising.