Pennsylvania State University will be paying a $60 million fine as a consequence of the child sex abuse scandal that's engulfed the school since last year. But that's not the only financial penalty it faces, as Penn State stands to lose many more millions of dollars in lost revenue from sponsors. Automotive News is reporting that General Motors is reevaluating its financial support of the Nittany Lions athletic programs, though GM would not share specific details of its dealings with Penn State. If GM does decide to drop Penn State, it would follow on the heels of State Farm.
Autoblog , GM reviewing Penn State sponsorship in wake of sex abuse case, GM reviewing Penn State sponsorship in wake of sex abuse case
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