Concord, North Carolina-based Chip Ganassi Racing, a motorsports company fielding professional racing teams, has announced that the company would cease its NASCAR activities after the end of the current 2021 Cup Season on November 7, 2021, and transfer all of its NASCAR assets to a competitor, Nashville, Tennessee-based Marks' Trackhouse Racing.
The company's 22-acre headquarters property in Concord, North Carolina was sold to a subsidiary of the Hendrick Automotive Group in Charlotte, North Carolina for $10.2 million. Trackhouse is expected to lease the building from Hendrick to continue racing a two-car NASCAR team.
The closure will impact 55 employees with layoffs scheduled for November 7, 2021.
Chip Ganassi Racing will continue fielding a racing team to compete in the NTT DATA INDYCAR SERIES, IMSA, and Extreme E, using their Indianapolis, Indiana racing facility.
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