DeWalt discontinues NASCAR sponsorship

DeWalt announced that it will not renew its sponsorship with Matt Kenseth of Roush Fenway Racing for the 2010 NASCAR season. The company says that due to declines in the construction industry, it needs to redirect resources elsewhere.

Matt Kenseth, driver of the number 17 Ford Fusion, and his crew won the 2000 Rookie-of-the-Year award, two World Pit Crew Championships, the 2003 Series Championship and qualified for more than 18 races, including this year’s Daytona 500.