Petty Enterprises merged with Gillett Evernham Motorsports in 2009 to form Richard Petty Motorsports.
Petty Enterprises is one of NASCAR’s many racing teams and is owned by Richard Petty as well as his son Kyle Petty. Petty Enterprises is based in Randleman, North Carolina. Richard and Kyle supervise the operations of their two NEXTEL Cup Dodge Chargers: the number 45 Marathon Petroleum Company Dodge, which Kyle Petty drives himself and the number 43 Cheerios/Betty Crocker Dodge, driven by Bobby Labonte. It was 1969 when the team was officially named Petty Enterprises. Throughout NASCAR’s history, Petty Enterprises has always been know and famous for its success, but in recent years they have been struggling.
The team has been operating as far back as 1949 when Richard Petty’s father, Lee Petty, first formed Lee Petty Engineering as a NASCAR Grand National Division team with the number 42. Not only was the company formed that year but also the team won their first win at Heidelberg Raceway, finishing second in points that season. 1950 and 1951 saw Petty’s team win one race each season with a victorious three wins in 1952. With this success the team expanded by incorporating another vehicle, the Plymouth, which Jimmie Lewallen drove. The following years saw a major increase in races won by Petty Enterprises. By 1979 the team had won 10 championships in NASCAR premier series.
From 1980 to 1984 Richard Petty drove hard and won several races, but from there on till his retirement he did not win another race. This bad fortune did not stop there, it continued after Richard’s retirement with Petty Enterprises only winning another three races. In 2006 Petty Enterprises hired Bobby Labonte, after he won the NEXTEL Cup, to drive the #43 car and hired Robbie Loomis, who had served as a crew chief for Jeff Gordon, to be executive vice president.
The Petty Family created the number 43 car, hence its name Petty Blue. The blue color is distinct and was created apparently by mistake because of not having enough paint to cover the whole car. It was rumored that the famous paint scheme came about when Richard Petty would not allow sponsors to sponsor his car unless they agreed to keep part of the car blue and the rest they could paint STP Red.