"From 2017 Holden will join forces with another iconic brand in Red Bull Racing Australia to become the Red Bull Holden Racing Team and develop the next generation Holden Commodore as part of the Gen 2 regulations in 2018.
"Holden is an iconic brand in Australian motorsport and today’s decision follows 26 years of unbroken participation in the Championship under the Holden Racing Team banner in association with Walkinshaw Racing.
"I want to thank the Chairman and Managing Director of GM Holden Mark Bernhard and Holden Sponsorship and Motorsport Manager Simon McNamara for their ongoing support and commitment to Supercars. This decision reinforces the underlying strength of Supercars and its position in Australian sport.
"We will continue to work with Walkinshaw Racing to ensure it remains an integral part of the Championship. It is one of the most popular teams in our sport and we look forward to them continuing to be part of Supercars for many years to come."