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#pounditMonday, June 24, 2024

Stewart-Haas Racing makes stunning announcement on its NASCAR future

Tony Stewart at a Stewart-Haas Racing press conference

Sep 30, 2015; Kannapolis, NC, USA; NASCAR Sprint Cup Series driver Tony Stewart (14) announces his retirement at the end of the 2016 season during a press conference at Stewart Haas Racing. Mandatory Credit: Sam Sharpe-USA TODAY Sports

Stewart-Haas Racing is shutting down its garage at season’s end.

On Tuesday, team owners Tony Stewart and Gene Haas released a joint statement on their decision to fold the team by the end of the 2024 NASCAR season.

“We have made the difficult decision to close Stewart-Haas Racing at the conclusion of the 2024 season. It is a decision that did not come easily, nor was it made quickly,” the statement read.

“But the commitment needed to extract maximum performance while providing sustainability is incredibly demanding, and we’ve reached the point in our respective personal and business lives where it’s time to pass the torch.”

Stewart-Haas Racing began in 2009 after Haas lured Stewart, a former Cup Series champion, to take an equity stake in what was then known as Haas CNC Racing.

During the 2009 season, Stewart debuted for the team and won its first Cup Series race. Two years later, Stewart earned the team its first Cup title.

Kevin Harvick signed with Stewart-Haas in 2014 and hit the ground running for his new team. In his debut season, Harvick gave the team its second Cup title. Harvick notched 37 Cup Series race wins and 151 top-5 finishes during his 10-year run with Stewart-Haas.

Harvick was also responsible for Stewart-Haas’ last Cup race win in 2022. He retired after the 2023 season.

Cole Custer, son of Stewart-Haas COO Joe Custer, won the team its first Xfinity Series championship last season.

Stewart-Haas lost some major sponsorship support this season from Ford, Smithfield Foods, and Anheuser-Busch.

Haas also owns a Formula 1 team, while Stewart still races in NHRA.

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