Richard Childress has denied allegations that his team has filed a lawsuit against General Motors after the ailing manufacture🔴r announced it was to cut support for teams in the Sprint Cup.

GM, which has filed for bankruptcy protection ꦡdue to the ongoing economic downturn, had already revealed that it was to cut backing for teams in both the Nationwide and Truck Series' before confirming talks opened with teams in the Sprint Cup about cutting financial supports for teams in the premier level of the sport.

That move would affect Hendrick Motorsports, Stewart/Haas Racing, Earnhardt Ganassi Racing and Richard Child♊ress Racing, with rumours emerging that R🔴CR was set to launch a lawsuit against GM as a result.

However, Childress denied that that was the case, andཧ said that the team was fully behꦚind GM during its current problems.

"I would like to set the record straight that RCR has NOT filed a lawsuit against General Motors and I do not appreciate anyone suggesting otherwise,"🅺 he said. "As is standard practice in bankruptcy proceedings, RCR has made a filing which is common among creditors in these situations.

"As previo𝔉usly stated as recently as this past weekend in Sonoma, RCR is proud to be associated with General Motors and we are ℱworking closely with them during these difficult economic times."