Chevrolet working to retain all teams, especially Gibbs and Hendrick

INDIANAPOLIS -- Chevrolet officials remain hopeful that Joe Gibbs Racing and Hendrick Motorsports will remain a part of the General Motors program in 2008.

GM is in the process of renewing all of its deals, with JGR and HMS being the crown jewels of their program.

Toyota has been linked with JGR in several news reports despite comments from team president J.D. Gibbs that re-signing with GM is his top priority.

Rick Hendrick, the owner of HMS, also has ties to Toyota through his dealership business.

Ed Peper, the general manager of Chevrolet Racing, said during a Thursday press conference at Indianapolis Motor Speedway that he is very confident in negotiations to re-sign all teams currently under the Chevrolet banner.

Terry Dolan, the marketing director for Chevrolet Racing, would not comment on specific organizations.

"I am confident we will have strong teams continuing to represent Chevrolet, not only because we've got a pretty good track record of performance but because we've been dedicated to this sport for a long time," he said of the company that has won 15 of 19 Nextel Cup races this season with 12 of the wins coming from JGR and HMS.

"We have some of the tools and assets they need to succeed in their business."

David Newton covers motorsports for ESPN.com.