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Petty Enterprises, Labonte plan announcements Thursday morning on future

Updated: December 10, 2008, 9:12 PM ET
By David Newton | ESPN.com

CHARLOTTE, N.C. -- Petty Enterprises plans to make an announcement regarding its future on Thursday morning, sources told ESPN.com.

Bobby Labonte, the driver of the No. 43 that team owner Richard Petty drove to seven Sprint Cup championships, also is prepared to make an announcement.

Details of the announcements were not immediately known, but the Pettys have been in negotiations with Gillett Evernham regarding a possible merger into a four-car team.

Under that scenario, the ...

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