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Penske12Racing77
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Jim Smith and Ultra Motorsports will shut down the #7 Nextel Cup team after the Daytona 500. Although the possibility exists for Ultra to run additional Cup races, Smith says he's turning his full attention to the Craftsman Truck Series. "I'm not going to run this team out of my own pocket anymore," Smith says. "Half the team has left, the other half has been laid off, and anyone left over we'll keep to work on other stuff. There will still be plenty of racing in my future." Driver Jimmy Spencer's plans are uncertain.