Official: Petty and Gillett Evernham Merge

Petty Holdings & Gillett Evernham Motorsports
Announce Agreement in Principle To Form New Team
STATESVILLE, N.C. – Gillett Evernham Motorsports (GEM) and Petty Holdings announced today an agreement in principle to form a new NASCAR Sprint Cup team co-owned by Richard Petty, Petty Holdings, owned by majority shareholder Boston Ventures, and Gillett Evernham Motorsports.
The team will field [...]

Quick Off Season NASCAR Headlines

2000 Cup Series Champion Bobby Labonte has left Petty Enterprises and lets be honest was really never competitive in that #43 car.  Petty is still in exclusive talks to merge with Gillet/Evernham Motorsports which would create a 4 car organization with the #9, #10, #19, and #43.  Labonte said he is not under contract yet [...]

Petty Enterprises Imploding, Loses Labonte

December 11, 2008
By Kerry Murphey
Photo: CIA Stock Photo
Bobby Labonte has been released from Petty Enterprises and now is the highest profile driver (a champion) without a ride right now.  Indications are, he may land at the newly formed Earnhardt/Ganassi Racing, so we will wait and see.
Bobby said “In over 15 years of racing in the [...]