Grove kickstarted a day of driver action in the driver transfer market by announcing it will part ways with 2017 Bathurst champion Reynolds.
In a brief statement, the team said: “Penrite Racing wish to make a statement regarding their 2024 driver line-up.
“Penrite Racing will not be renewing David Reynolds’ contract for 2024. We wish Dave the best in his future endeavours.”
Reynolds is set to join Team 18 alongside Mark Winterbottom, replacing Scott Pye in the #20 Camaro.
It is not entirely clear what that means for Grove Racing's naming rights backer Penrite, which has been closely tied to Reynolds since both driver and sponsor were at Erebus Motorsport.
Source: Autosport