Chevrolet's net worth in 2023

Chevrolet Motor Company started as a standalone company before it was acquired by General Motors in 1918. Regardless of the acquisition, Chevrolet grew into one of the household names in the automotive industry. It primarily focused on producing and selling a wide range of vehicles, from subcompact automobiles to medium-duty commercial trucks.

Most notably, post the acquisition, Chevrolet has been frequently used as a synonym for General Motors and its products. As per macrotrends.net, General Motors has a net worth of around $45.01 billion as it continues to have a stronghold in the automobile industry.

As per companiesmarketcap.com, GM has total assets of around $275.83 billion. However, it is worth noting that when it comes to NASCAR, Chevrolet seems to have an unbelievable authority.

Who owns Chevrolet and where is the headquarters?

On November 3, 1911, the birth of the Chevrolet Motor Company took place when Louis Chevrolet co-founded the company with his brother Arthur, William Durant, and William Little. Interestingly, Durant was responsible for founding General Motors in 1908. However, he was fired after just two years from his senior management position.

While Durant played a key role in building the Chevrolet Motor Company, the agenda was always to acquire a controlling stake in General Motors. Eventually, he succeeded in doing so with a reverse merger in 1918 and earned back his presidency role at General Motors. Unfortunately for him, he was ousted in 1919 as Alfred Sloan took over.

From there on, Chevrolet became the volume leader at GM as it competed directly with Ford's Model T. Fortunately, there was no looking back for Chevy despite being under the ownership of General Motors. Currently, its headquarters are based out of Detroit, Michigan.

Chevrolet joins the NASCAR family

Since the NASCAR Strictly Stock Division started racing in 1949, Chevrolet has had a presence around the sport. However, it was not until 1955 that Chevy managed to register a victory at NASCAR's highest level. It was Fonty Flock driving a Bel Air at Columbia Speedway in South Carolina who made history then.

It is no secret that the American manufacturer has had its ups and downs in the sport. In fact, there was an 11-year period where no driver managed to win a championship with Chevrolet. At the same time, seven-time champions wiz Richard Petty, Dale Earnhardt Sr, and Jimmie Johnson have at least won the championship once using a Chevy.

Which NASCAR teams drive Chevrolet cars?

Having plenty of experience and expertise in the sport, Chevrolet has managed to grasp a number of teams under its belt. In the NASCAR Cup Series, giants Hendrick Motorsports have been using the Chevy for the longest of times. Not to forget, HMS owner Rick Hendrick also shares a special bond with the American automotive manufacturer.

On the other hand, Richard Childress Racing, Trackhouse Racing team, JTG Daughtery Racing, Legacy Motor Club, Kaulig Racing, Spire Motorsports, and Live Fast Motorsports, all use the Chevy for their Cup Series ambitions. While a number of other teams in the Xfinity and Truck Series use the same manufacturer, JR Motorsports and Kyle Busch Motorsports are some of the notable team names.

Chevrolet Drivers in NASCAR

Which Chevrolet cars are featured in NASCAR?

With Chevrolet involved with NASCAR for a long time, different stock car variants have blessed the track over the years. Models from the Bel Air, Biscayne, Chevelle Laguna, Lamina, Monte Carlo and Monte Carlo SS, and the Impala and Impala SS. Interestingly, the Lumina ran from 1991 to 1995.

It was Monte Carlo that replaced the Lumina and later on, Impala SS took the place in 2008. However, currently, it's the Chevrolet Camaro that has ruled NASCAR. With the sixth generation Camaro coming off the assembly line in January 2024, it is interesting to see what Chevy comes up next year.

Global Chevrolet's Vice President Scott Bell spoke to Forbes earlier in March this year. He said, "As we prepare to say goodbye to the current generation Camaro, it is difficult to overstate our gratitude to every Camaro customer, Camaro assembly line employee and race fan. While we are not announcing an immediate successor today, rest assured, this is not the end of Camaro?s story."

The Camaro ZL1 debuted in the NASCAR Cup Series in 2018, after which the sixth generation Camaro ZL1 1LE took its place in 2020. With electrification becoming the norm in the automotive industry, it is certainly exciting to see what Chevrolet brings to the table.

Who owns the teams that use Chevrolet cars in NASCAR?

Among the teams using Chevrolet in NASCAR, there are some big names involved. With Hendrick Motorsports owner Rick Hendrick formerly the youngest Chevy dealer in the United States in 1976, his relationship with the automobile company runs deep. Along with him, former race car driver and one of the wealthiest men in North Carolina, Richard Childress, is also associated with the Michigan-based company.

Missouri-born Justin Marks and Grammy Award winner Pitbull owns the Trackhouse Racing team in the Cup Series. Amazingly, the big names don't end there. NBA All-Star center Brad Daughtery along with former advertising executive Tad Geschickter and wife Jodi own JTG Daughtery Racing.

Next up, it's the seven-time Cup Series champion Jimmie Johnson and Maury Gallagher-owned Legacy Motor Club. Most notably, legendary Cup Series driver Richard Petty remains the team ambassador. While Matt Kaulig owns Kaulig Racing, Jeff Dickerson and T.J. Puchyr remain the proud owners of Spire Motorsports. Interestingly, three Cup Series drivers wiz B. J. McLeod, Matt Tifft, and Joe Falk combine to own Live Fast Motorsports.

Clearly, Chevrolet has some top entities involved with them, which probably has helped them immensely in their impressive run in NASCAR.

Which engine manufacturer builds Chevrolet engines for NASCAR?

Chevrolet's approach to building its engines has been a unique one, especially after an alliance in 2020. In October 2020, Hendrick Motorsports and Richard Childress Racing formed an alliance ahead of the 2021 NASCAR Cup Series season. The two organizations joined hands to focus on engine R&D and in the process also formulating a common Chevrolet engine specification.

Amazingly, this saw the Michigan-based company become the only original engine manufacturer in NASCAR to have two organizations building and supplying powertrains. With HMS and RCR producing engines under its ECR Engines banner, the success itself spoke volumes of their efficiency. Both Ford and Toyota have only one supplier as far as their engine building is concerned.

How many wins does Chevrolet have on the NASCAR circuits?

Without a doubt, Chevrolet has been dominant in NASCAR for the longest period. With a legacy spanning over eight decades, the American manufacturer has imposed its authority in the sport and how. Despite 16 different automakers trying out their hand in NASCAR, Chevrolet has stunningly stood out with over 800 victories so far.

As reported by Forbes, until March 26, 2023, Chevrolet had 837 wins in the NASCAR Cup Series. Given their first victory came in 1955, they have not only been consistent but unquestionably, one of the powerhouses in the sport.