GM cuts ties with spokesperson Tiger Woods after nine years due to dire financials
GM has announced they are cutting ties with phenom golfer Tiger Woods after nine years of endorsements. Woods was earning nearly $7 million from the relationship. GM and Wood's handlers say the announcement was mutually beneficial to each party; GM needs to reserve cash and Woods wants more family time.
I never understood GM's Buick divisions deal with Tiger. It was not a believable brand effort. Buick is GM's aging brand still pulling in mostly 60 plus year olds. Tiger was supposed to dramatically make the brand more appealing to younger car buyers but it really didn't work. Buick has had one auto entry success with the Enclave SUV/Wagon but other than that, the brand is nearly dead. ( I did see a great looking Riviera concept car at the LA Auto show this week...but it may be too late to revive that marque).
Tiger seemed the wrong sports guy to be affiliated with Buick. It was so NOT him to be a Buick man---Buick is so not youthful, over the top fantastic or always poised, polished and polite---it's a cranky old brand for pete's sake.... and I always felt it was just a good money deal for Woods and one that gave senior GM execs who love golf face time with the world's greatest golfer....not a brand relationship that could help the Buick product line.
In a way this move by GM is good for both parties. GM saves cash and Tiger who doesn't need money stops hurting his image by this miss matched association. No one looks bad with this split because of the circumstances.
Tiger I am sure can find a much more suitable automotive deal now worth more money even in this weak economy he is that valuable a resource. Although, he has been out of the limelight recovering from knee surgery and thus not as valuable as he has been....but relative to other celeb endorsers he's still King.
Watching out for you everyday.
Eli






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