Stewart-Haas Racing will close at the end of the season, Gene Haas will remain part of both the NASCAR Cup and Xfinity Series divisions moving forward.
Haas announced on Thursday that while three ownership charters will be sold, he is also keeping one and will remain in the Cup Series under the name, Haas Factory Team. In addition to the single charter, Haas Factory Team will also continue to operate a two-car Xfinity Series team, all under the existing Stewart-Haas shop in Kannapolis, North Carolina.
Front Row Motorsports has confirmed that it has purchased one of the charters.
“My commitment to motorsports hasn’t changed, just the scope of my involvement,” Haas said. “Operating a four-car Cup Series team has become too arduous but, at the same time, I still need a platform to promote Haas Automation and grow HaasTooling.com.