Petty Enterprises is a NASCAR racing team based in Randleman, North Carolina. The team is owned by Richard Petty and his son Kyle Petty, who oversee the operations of two Sprint Cup Dodge Chargers: the #43 Cheerios/Betty Crocker Dodge, driven by Bobby Labonte, and the #44 Dodge, driven by Chad McCumbee. In 1969, the team was first named Petty Enterprises. Despite being one of the most successful and famous teams in NASCAR history, the team has struggled in recent years.
The team has been operating since 1949, when Lee Petty formed Lee Petty Engineering as a NASCAR Grand National Division team as the #42. The team's first win also came that year in Lee's 5th start at Heidelberg Raceway. Petty and the team finished 2nd in points that season. Petty won one race apiece in 1950 and 1951, before collecting three victories in 1952. 1953 saw the team expand to multi-car for the first time, fielding a Plymouth for Jimmie Lewallen at Palm Beach Speedway, who finished second to Petty. Lee grabbed five wins that season and finished second points, before winning the championship in 1954. He followed that up with six more wins the next season and two more the following year, making him one of the more dominating drivers in the series at that time. In 1957, Petty won four more races as the team began running additional teams. Tiny Lund, Bill Mutz, and Ralph Earnhardt ran races with the team, before Bobby Myers was killed in an accident at Darlington Raceway.