DORAL, FLA. (AP) - Cadillac will be the title sponsor of the World Golf Championships at Doral through at least 2016.
General Motors and the PGA Tour announced the deal Monday, advancing the automaker’s progress out of bankruptcy protection. The sides are also talking about bringing a PGA event back to the Detroit area.
PGA Tour Commissioner Tim Finchem says the money problems that hit GM and Cadillac “weren’t related to being able to sell cars” and that the company’s long relationship with golf has aided it through tough times.
GM has returned to profitability. It made $4.2 billion through the first three quarters of this year despite slow auto sales in the U.S. The company shed much of its debt and slimmed down to just four brands as it went through bankruptcy court last year.
___
AP Auto Writer Tom Krisher in Detroit contributed to this report.
By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Independent voices from the TWT Communities
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Video reviews of today's hottest trends in Minecraft (servers and mods) along with a look at the latest video games with your host MCairsoft14 (alias Jerad Zad).
Covering the world of soccer, including the World Cup, Major League Soccer, D.C. United and the English Premier League and other interesting sporting events.
Benghazi: The anatomy of a scandal
13 Photos
Vietnam Memorial adds four names
18 Photos
Cinco de Mayo on the Mall
11 Photos
NRA kicks off annual convention
8 Photos
