Craven had two career wins at PPI
Craven and team owner Cal Wells issued a joint statement Friday, saying the split was in "their mutual best interest.''
"Both Cal and Ricky want to see the best for each other and remain focused on the second half of this season,'' the statement said.
Craven, in his fourth season with Wells' team, goes into Sunday's Siemens 300 at New Hampshire International Speedway 31st in the points. In the first 18 races this season, Craven has not started a race higher than 17th and hasn't finished better than 16th.
Both of Craven's NASCAR Nextel Cup victories came in PPI Motorsports cars. He won at Martinsville in 2001 and at Darlington in 2003.
Copyright 2004 by The Associated Press