CHARLOTTE, N.C. -- Bobby Labonte has been released from his contract with Petty Enterprises, which is trying to negotiate a deal with Gillett Evernham Motorsports that would solidify the future of its ...

NEW YORK — Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned. Multiple people familiar with the talks told the AP ...

After almost 60 years in rural Level Cross, North Carolina, Petty Enterprises will move to Mooresville. Team owner Richard Petty hopes the move will attract crewmen who have been reluctant to make the ...

Petty Enterprises will announce today that the company is moving out of its Randolph Countylocation. It's the first move since 1949 for the winningest organization in NASCAR. Richard and Kyle Petty, ...

DAYTONA BEACH, Fla. — Richard Petty, known for his signature cowboy hat and nickname of "The King," has not strapped into a race car for a NASCAR Cup Series race in 30 years. But the 84-year-old still ...

CONCORD, N.C. - One of NASCAR's most storied race teams gave up majority control Wednesday when a private equity firm took over Petty Enterprises. Although Richard Petty says he'll still have a large ...

Petty Enterprises has been getting lapped year after year by the rest of the field. Bobby Labonte has been running well, but it is rumored he'll leave and drive a fourth car for Childress. And it is ...