From nascar.com
Bill Davis, struggling to keep his team afloat during a fruitless search for sponsorship, has sold majority ownership of both his race team and his engine company.
Mike Held, a California businessman, and Marty Gaunt, an executive with Bill Davis Racing, purchased majority interest from Davis.
The duo said they've also taken control of Triad Racing Development, which supplied engines, chassis and bodies for all three of NASCAR's top series.
The new company is named Triad Racing Technologies.
Jacques Villeneuve raced for Bill Davis in the Craftsman Trucks series and in the Sprint Cup earlier this season.
photo:Bill Davis Racing
Bill Davis, struggling to keep his team afloat during a fruitless search for sponsorship, has sold majority ownership of both his race team and his engine company.
Mike Held, a California businessman, and Marty Gaunt, an executive with Bill Davis Racing, purchased majority interest from Davis.
The duo said they've also taken control of Triad Racing Development, which supplied engines, chassis and bodies for all three of NASCAR's top series.
The new company is named Triad Racing Technologies.
Jacques Villeneuve raced for Bill Davis in the Craftsman Trucks series and in the Sprint Cup earlier this season.
photo:Bill Davis Racing