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Lowe’s reaffirms it does not plan to return to NASCAR

Monster Energy NASCAR Cup Series Federated Auto Parts 400 Practice

RICHMOND, VA - SEPTEMBER 21: Jimmie Johnson, driver of the #48 Lowe’s for Pros Chevrolet, drives during practice for the Monster Energy NASCAR Cup Series Federated Auto Parts 400 at Richmond Raceway on September 21, 2018 in Richmond, Virginia. (Photo by Robert Laberge/Getty Images)

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Lowe’s stated Friday that it still does not plan to return to NASCAR after this season despite recent questions to Jimmie Johnson about the company possibly sponsoring the seven-time champion in some races in 2019.

Lowe’s stated to NBC Sports: “Lowe’s has sincerely enjoyed our relationship with Hendrick Motorsports and Jimmie Johnson. We announced early this year, however, that we will redirect our investment away from NASCAR after completion of this season, and that has not changed.”

Sports Business Journal first reported Lowe’s statement Friday.

Hendrick Motorsports announced March 14 that Lowe’s would not return to the team after this season. Lowe’s has been with Hendrick Motorsports since 2001. Johnson has won all seven of his championships with the company.

Marvin Ellison became Lowe’s new president and CEO in July. Within his first week, the company began restructuring and eliminated various executive positions.

Johnson was asked two weeks ago at Indianapolis and earlier this week about the possibility of Lowe’s returning. Johnson said this week he was unaware of such action even with the new executive team there.

Daniel McFadin contributed to this report.