From Jayski.com:

DEI and Petty merger? UPDATE 2: Talks about a possible merger between Dale Earnhardt Inc. and Petty Enterprises are under way, according to sources familiar with the situation, and Wells Fargo's sponsorship money could be key to making something happen. However, the economic chaos that is wracking the country is also playing havoc with so many suddenly struggling NASCAR teams that it's unclear how any of the various scenarios might actually play out. And just what positives might even come out of a DEI-Petty merger aren't that clear, either. Richard Petty sold a "significant" stake this summer in Petty Enterprises, the family racing operation in business since 1949, to Boston Ventures, a private equity firm. Precisely how that joint NASCAR venture might fit into any DEI-Petty merger is unclear, considering the financial problems of many Wall Street investment firms. Petty Enterprises is looking for a 2009 sponsor for Bobby Labonte, who drives the legendary #43 car. #45-Kyle Petty, the other Petty driver, has been at odds apparently with some of the team's executives, and he appears to have the option to take the Wells Fargo sponsorship with him to another team. If Kyle Petty were to leave, that would, for the moment, leave Petty Enterprises with no major sponsors.(Winston Salem Journal)(10-17-2008)


UPDATE: Robbie Loomis said Petty Enterprises has been approached by at least three organizations about a possible alliance heading into next season. The vice president of racing operations, speaking Friday at Martinsville Speedway, would not identify them, but published reports say Dale Earnhardt Inc. might be on that list. DEI officials declined to comment. Loomis said the Pettys' deal with Dodge extends three years past this one. DEI signed an extension with General Motors/Chevrolet before this season. Loomis said Petty Enterprises is closer to naming a sponsor for Labonte, and he appears close to set on Chad McCumbee to drive the second car, which will be the #44. He said the key in all of this is continued growth of the Petty brand, which a merger with DEI may or may not allow.(ESPN.com)


AND Officials from Petty Enterprises do not deny that they have held preliminary discussions about a possible future partnership of some sort with Dale Earnhardt Inc., but they strongly deny that anything is close to happening or even likely to happen. In fact, Robbie Loomis said that DEI is not the only group with which Petty Enterprises is discussing its future. Nor is it alone in the Sprint Cup Series garage area, where Loomis insisted all teams are scrambling to find stronger footing in difficult economic times. "The bottom line for us is that we're committed to Dodge," Loomis said. "We like Dodge as our manufacturer; Richard Petty especially. We have three more years with them as far as solid commitments. We feel good about where we're at with them."(NASCAR.com)(10-18-2008)


UPDATE 2: Petty Enterprises appears on track to merge somehow with Dale Earnhardt Inc., which would turn the Petty Dodges into Chevrolets.apparently. Or maybe its just Kyle Petty merging. Richard Petty Sunday didnt have much to say about the DEI report; he didnt deny the talks, but he insisted he didnt have to panic about things: We did our panicking last year. Thats why we did the deal with Boston Ventures. Were ahead of the curve. However there appears to be considerable internal disagreement between the father and son about the next business steps to take, though #43-Bobby Labonte still has no sponsor for 2009, and Kyle Petty himself apparently is looking to leave Petty Enterprises at the end of the year and take the companys only full sponsor, Wells Fargo, with him.(Winston Salem Journal)(10-20-2008)