Furniture Row Racing will stop fielding their No. 78 Toyota in the Monster Energy NASCAR Cup Series in 2018, according to news release from the team Tuesday.
The team cited “lack of funding to field a competitive team.”
“I’ve always felt that we could be a competitive team and run for a championship even when it seemed like a pipe dream to many racing insiders,” team owner Barney Visser said. “But to be successful in any business you need to assemble the right people and make a strong commitment to succeed.
“We achieved what we set out to do and feel like we climbed Mount Everest. To continue with anything less than a competitive team would not be acceptable. It’s been one incredible ride.”
Martin Truex Jr. has been driving for the team since 2014, amassing 17 wins for the organization and the 2017 championship.
“We still have unfinished business to attend to and that’s to give everything we have to successfully defend our Monster Energy NASCAR Cup Series championship,” Martin Truex Jr. said. “Right now that is foremost on my mind as it is with the entire team.”
With the exception of 2017, he team has fielded mostly single-car entries since the team debuted in 2005.
Past drivers for the organization include Jerry Robertson, Kenny Wallace, Joe Nemechek, Regan Smith, Kurt Busch and Erik Jones.
Smith earned the team’s first win in NASCAR’s top series in 2011 at Darlington Raceway.
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