facebook
twitter
search
search

Labonte, Petty Enterprises part

Dec. 11, 2008 at 1:33 PM
| License Photo

ARCHDALE, N.C., Dec. 11 (UPI) -- The partnership between driver Terry Labonte and Petty Enterprises ended Thursday because of Petty's worsening economic straits.

Labonte was released when Petty Enterprises announced that it is negotiating with Gillett-Evernham Motorsports to field its flagship No. 43 car next season.

"In over 15 years of racing in the Sprint Cup Series, I can't remember a time when the sport's landscape looks as it does today," Labonte said in a statement. "Saying that, Petty Enterprises and I had serious and very sincere discussions about what was best for myself and everyone involved at Petty Enterprises moving forward. I am ready to explore all opportunities."

Labonte, 44, the 2000 champion, had driven for Petty since 2006 but has decided not to retire, and Petty Enterprises becomes a single-car entity.

Labonte has won 21 times in 546 career races.

"Bobby is a true champion who never failed to give everything he had when he was behind the wheel," Richard Petty said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Report: Aldridge steps back to consider plans
First shoe drops in St. Louis Cardinals' hacking scandal
Miami Heat sign first-round F Winslow
Report: Rondo, Belinelli headed to Sacramento Kings
Dallas Mavericks, Jordan near agreement on max contract