Nascar team Hendrick Motorsports has extended its primary sponsorship deal with Lowe’s until the end of 2018.
The home improvement retailer will continue to back the team’s No. 48 Chevrolet driven by reigning Cup Series champion Jimmie Johnson, who has also extended his contract with Hendrick for another three years, until 2020.
Financial terms of the deals, which were both due to expire at the end of this year, were not disclosed when they were announced on Friday. Lowe’s will back Johnson at all 38 races during next year’s Monster Energy Cup Series campaign.
Lowe’s first sponsored Johnson at Hendrick in 2001. Since then, the partnership has been one of the most successful in Nascar, with Johnson claiming a record-equalling seven Cup Series championships and 83 race wins, including three so far this season.
“My relationship with Lowe’s, Hendrick Motorsports and all of my teammates means so much to me,” Johnson, 41, said in a statement.
“It says a lot to have one sponsor, one crew chief and one team for so long. I couldn’t be more proud to represent everyone at Lowe’s and Hendrick Motorsports, and I continue to be as grateful for the opportunity as I was when we started.”