Former Cup team Ultra closes.

Ultra Motorsports, which ran the #7 Nextel Cup entry for, among others Michael Waltrip and Jimmy Spencer in recent years and who claimed NASCAR Craftsman Truck Series Championship honours in 2005, has closed its doors for good.

The team, owned by one of the original Craftsman Truck Series team owners Jim Smith, cited the lack of forthcoming manufacturer support as its reason for shutting.

Reigning Truck Series Champion Ted Musgrave, himself a former Nextel Cup driver, now finds himself out of a drive just weeks before the start of the new season in Daytona.

Smith wound down his Nextel Cup operation at the end of 2003 after his most successful season to date with the always-exciting Spencer, who garnered the popular nickname 'Mongo' during the year.