Gibbs to Toyota – Official UPDATE 4:

been told that the Joe Gibbs Racing / Toyota announcement will be made at the JGR Headquarters the week before the Richmond race.(8-30-2007) UPDATE: Joe Gibbs Racing is expected to announce next week it will join Toyota Motorsports beginning next season, sources told ESPN.com. A news conference has been scheduled for Wednesday morning at JGR headquarters. Expected to be in attendance are team drivers Tony Stewart and Denny Hamlin. A GM official reached Thursday in Detroit said the manufacturer would not comment. Toyota Motorsports officials were equally mum.(ESPN.com)(8-31-2007) UPDATE 2: Kyle Busch confirmed that he has been told that Joe Gibbs Racing will race Toyotas next season. Busch said he is comfortable with the switch, which is expected to be announced next week by the team. Mark Cronquist, the team’s head engine builder, is expected to spearhead the work on the engine. (SceneDaily.com)(8-31-2007) UPDATE 3: SPEED will interrupt regular programming on Sept. 5 at 11am/et to present a live NASCAR press conference. It is expected to be an announcement from Joe Gibbs Racing regarding the 2008 season.(9-5-2007) UPDATE 4: the press conference started just after 11:00am/et with JGR’s J.D. Gibbs and Jimmy Makar; drivers Tont Stewart and Denny Hamlin; crew chiefs Steve Addington, Mike Ford and Greg Zipadelli; JGR’s engine builder Mark Conquist; and Toyota officials Jim Aust and Lee White. Gibbs announced the team is switching from Chevy/GM to Toyota in 2008. Stewart says he is excited about the move and working on extending his contract. His USAC and WoO teams will stay Chevy and nothing will change there. Hamlin says he is working on his contract and is excited about the move.(9-5-2007) PR: Joe Gibbs Racing (JGR) will campaign Toyota Camrys in the Sprint Cup Series and NASCAR Grand National Series [and also will switch to Toyota in the Busch Series] beginning in 2008. “We look forward to partnering with Toyota in NASCAR in 2008. Toyota will be hands-on with us as we become an integral part of their long-term development in NASCAR,” said J.D. Gibbs, president of JGR. We have 420-plus families that are our number one priority, and taking care of them for the future is very important to us. Our people have made us as successful as we are today, and it’s those same people who will ensure our success in the future. When our teams win, those families win. We’re thrilled for everyone at JGR who will benefit from this.” “This decision was made by all of the key leadership at JGR,” said Jimmy Makar, senior vice president of racing operations for JGR. “It was a decision made by the people in our competition department, who live by the one question whenever a decision is made regarding Joe Gibbs Racing: ‘Will this make us more competitive on the race track?’ The consensus answer was yes.”(see full PR at the Joe Gibbs Racing site)(9-5-2007)