Updated: November 11, 2010, 6:42 PM ET

Travis Pastrana to race NASCAR

ESPN Action Sports

Following Wednesday's announcement about Travis Pastrana parting ways with Subaru Rally Team USA, even bigger news came from the camp of the 11-time X Games gold medalist Thursday.

Pastrana will be racing NASCAR in 2011. He'll make his debut in the Nationwide Series with Pastrana-Waltrip Racing, both as a driver and team owner.

Initial plans are for Pastrana to compete in seven NASCAR Nationwide races in 2011 and twenty races in 2012. "I've been following NASCAR closely for years as a fan of the sport with competing in the sport a life-long dream," Pastrana said. "I decided it was time to try and turn that dream into reality and with the help of the Bechtel family [Gary and Blake], Michael Waltrip Racing and Wasserman media group I'm now one step closer!"

Pastrana-Waltrip Racing will field Toyotas out of the Michael Waltrip Racing shop in Cornelius, N.C. Waltrip noted the importance of the youth demographic Pastrana brings to NASCAR.

"Travis has built an enormous and unique following all over the world," said Waltrip, a two-time Daytona 500 champion. "As a race team owner, we are always looking for ways to deliver to our partners and engage our fans better. This is an opportunity to showcase our company and our sport to a new generation of young fans. We're also looking for that next big star. Travis already is one and action sports is full of talented athletes. Having Travis as a part of our program adds another great dimension to our team and NASCAR."

Jen Horsey U.S. Rallycross finals in New Jersey, Nov. 7: the last in a long line of Subarus that Travis Pastrana has beat up on.

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