If you have ever watched the Oscars, chances are you’ve seen a GM ad or two. GM even provided alternative fuel vehicles for the celebrities to arrive at the ceremony in. Well, no more.

GM has recently announced that they will be pulling themselves out of the Oscars telecast, the one that they recently spent over $13.5 million dollars on.

GM has already posted loses over $18 billion for the first half of the year alone, its no wonder they are cutting back on television advertisements.