M&M's pulls sponsorship for remainder of season; will return for 2012

Credit: Lisa Janine Cloud for Skirts and Scuffs

M&M's and the Mars Corporation have released a statement regarding their sponsorship with Kyle Busch:

"Kyle Busch will not drive the M&M’S® car for remainder of the 2011 NASCAR season, but he will return next season as our driver. We will not compromise our values for victories. We sincerely hope our actions will positively impact Kyle and that he comes prepared next season to abide by the values we hold so dear."

“We strongly support Mar's decision,” said Joe Gibbs, owner of Joe Gibbs Racing. “This gives us all time to work together to foster a positive change where Kyle can continue racing in a way we can all be proud of.”

This is just the latest domino to drop since Busch's incident at Texas Motor Speedway during last Friday's NASCAR Camping World Truck Series race. Since that time, Busch has been placed on probation, removed from his Nationwide Series ride for Homestead and other potential fallout still looms. 

Busch along with Joe Gibbs are scheduled to meet with the media Friday morning at Phoenix International Raceway to answer further questions.