Petty: Chrysler 'stopped everything'

Updated: July 4, 2009, 10:27 AM ET
By David Newton | ESPN.com

DAYTONA BEACH, Fla. -- Chrysler is working on a deal to pay off some of its debt to Richard Petty Motorsports, co-owner Richard Petty said on Friday at Daytona International Speedway.

Petty said last month that Chrysler's bankruptcy put cash flow from the manufacturer to the organization on hold. The subsequent layoff of nine RPM employees also was blamed on anticipated cuts from the bankruptcy.

"They've stopped everything,'' he said of Chrysler's support.

Petty said on Friday that RPM should expect some money soon.

"Yeah, we'll get some money from them,'' he said. "Right now we're in the process of figuring out exactly what they can do to get back to us to see what we can do.''

Petty's initial comments increased speculation that RPM may leave Dodge for Toyota after this season. The organization is in the final year of its contract and has partnered with Toyota's Braun Racing for five Nationwide Series races in 2009.

Petty has since said RPM is talking to all manufacturers about next season, including Dodge. He and other team officials said that has not changed.

David Newton covers NASCAR for ESPN.com. He can be reached at dnewtonespn@aol.com.

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