It seems that the 2010 Detroit Grand Prix will no longer happen as it was officially canceled today and isn’t scheduled to return until 2011 at the earliest.

I’m sure you can guess the reason for its cancellation if not, I’ll give you a hint: the economy.

Below Grand Prix Chairman, Bud Denker, comments on the cancellation:

“We had hoped that the economic environment would allow the Grand Prix to return to Belle Isle in 2010. Unfortunately, this continues to be a challenging time to secure sponsorship to produce a world-class sporting event… We remain committed to the future of the race and we are hopeful that the Detroit Belle Isle Grand Prix will return in the summer of 2011.”

Here’s to hoping the economy recovers sooner rather than later so that Detroit can again give the Grand Prix a home.

via Autoweek

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It was recently announced that due to the poor state of the economy, GM is being forced to cancel the 2010 Cobalt SS Sedan.

To sooth the wounds, GM tells consumers that the Cobalt SS coupe is still on board for release featuring a 260hp turbocharged 2.0 liter engine.

I personally share the same opinion with John Neff over at AutoBlog as I prefer the sedan over the coupe anyday.

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