British Touring Car driver Chris Stockton has sold his BTC Racing team to Power Maxed, part of Automotive Brands, as well as its Chevrolet Cruze car and its grid entry slot.

The sale has been approved by BTCC series director Alan Gow, with Stockton remaining involved with the team for the 2015 season. Stockton made the decision to sell so he can have spend more time to concentrate on his growing distribution business.

"I'm sad to be taking a backseat just as things are coming together," Stockton said. "Unfortunately the old adage is true, you wait for a bus and two come along at once.

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"My pallet distribution business is growing phenomenally and opportunities that just cannot be passed up on have been presented. It is just not possible to run a BTCC team, grow my business and race, and do all entities justice unfortunately."

The team will retain it's Power Maxed Racing title for 2015 and will field a Chevrolet Cruze. The 46-year-old is certain that his team is being transferred into the right hands to see it continue to develop and improve.

"Automotive Brands and Adam Weaver personally have been incredibly supportive to the team and myself throughout 2014," Stockten explained. "I couldn't be happier that the team I founded and managed is starting its next chapter in such good hands, on the back of a huge amount of recent developments I learnt during 2014, I am sure that they will be successful."

Weaver added: "Having been involved in the BTCC for the past three seasons, owning a BTCC team is a great strategic move for Automotive Brands. The BTCC is the pinnacle and will support our strategic marketing plans and further development of our premium products."