From Jayski.com:

Announcement: Michael Waltrip Racing unveiled the next phase of its accelerated growth, announcing several moves to enhance its future as an elite NASCAR racing organization. Michael Waltrip introduced Robert Kauffman as an equal ownership partner in a newly formed company, Michael Waltrip Racing Holdings, LLC. Kauffman, a founder and managing partner of Fortress Investment Group, will lend financial and business strategy support to MWRH to ensure its growth is both strategic and successful. Kauffman, a long-time racing enthusiast who was born in New York and currently lives in Europe, is pursuing this business opportunity personally, not through Fortress Investment Group. Waltrip also confirmed that MWRH will field three full-time NASCAR Sprint Cup teams and one full-time Nationwide Series effort in 2008, and that rookie David Reutimann has renewed his driving contract to remain in the MWRH stable for the next three years. Waltrip will continue to drive the #55 Toyota Camry sponsored by NAPA Auto Parts. Reutimann will drive the first five races of the 2008 Sprint Cup season in the #00 Toyota Camry before taking over the #44 UPS Toyota Camry starting at Martinsville, Va. Dale Jarrett will drive the #44 UPS Toyota Camry for the first five Sprint Cup races (Daytona International Speedway, California Speedway, Las Vegas Motor Speedway, Atlanta Motor Speedway, Bristol Motor Speedway) and will run his final race in May in the Sprint All-Star event at Lowe's Motor Speedway. Reutimann, currently second in Busch Series drivers points, will also drive the #99 Toyota Camry sponsored by Aaron's Sales Lease and Ownership, Best Western and XM Satellite Radio, full-time in the Nationwide Series, running for the championship. As part of the business strategy, MWRH is adding depth to its executive management team. In addition to retaining Ty Norris as its Vice President and General Manager, MWRH announces the hiring of Calvin Wells III as its Executive Vice President of Operations and Larry Johns as its Chief Financial Officer.(Michael Waltrip Racing PR), no word on another driver for the #00 team. Stremme and Mayfield had been rumored. See the #00 Team Page for more info.(10-12-2007)

Jarrett to Retire from Full-Time Competition: Dale Jarrett announced he would retire from full-time competition in the Nextel Cup Series at the conclusion of the 2007 season. While Jarrett is retiring from full-time competition, he will compete in six races during the 2008 season [the Bud Shootout, the first 5 races, and the All-Star race in May]. "This is obviously a decision that required a lot of thought and consideration and it is one of the hardest things I've had to do," said Jarrett. "I've been fortunate to have one of the best NASCAR sponsors in UPS, and I'm first and foremost a competitor. The desire to compete is the reason why I have continued as a driver in the Nextel Cup Series. But I've come to the decision to get out of the racecar and while I'll miss being a driver, I am looking forward to the next phase of my life and career."(Michael Waltrip Racing PR), for earlier information and rumors see the #44 Team Page.(10-12-2007)