Vauxhall announced today that VX Racing will not return to the British Touring Car Championship in 2010.

The Luton-based manufacturer, the most successful in modern touring cars history, will continue to campaign three cars this year, driven by Fabrizio Giovanardi, Matt Neal and Andrew Jordan.

The firm said the decision to withdraw from the BTCC in 2010 was influenced by the absence of other manufacturer-backed teams and financial prudence in the current global economic downturn.

A spokesman said: "While the company regrets having to leave the BTCC for 2010, it will keep an option open for a possible return to the sport in future years.

"The timing of today’s announcement has been carefully considered in order to allow Vauxhall’s key BTCC partner, Triple Eight Race Engineering, based at Greatworth, near Banbury, as much time as possible to develop its future plans.

"Triple Eight has been a successful partner with Vauxhall over the last 13 years, with the team recently celebrating its 100th win with VX Racing earlier this month, having taken Vauxhall to seven manufacturer titles in the last eight years, with the Astra Coupé, Astra Sport Hatch VXR and the Vectra VXR."

The company’s BTCC race programme was rebranded from Vauxhall Motorsport to VX Racing in 2003, with the introduction of the VXR brand to the portfolio the following year.

Andy Gilson, marketing director, Vauxhall Motors said: “The company has enjoyed immense success with BTCC, both on track and as a focal marketing activity for the VXR brand.

"However a number of factors have led us to take the decision to withdraw from the championship at the end of this season. Vauxhall’s primary focus for next year will be bringing to market exciting new products, such as the new generation Astra and Meriva models.

“I would like to take this opportunity to thank Triple Eight Race Engineering for turning our road cars into some of the most successful BTCC entrants in its history.

"I would also like to thank the drivers who have piloted our cars to victory. I would like to think we can end our run in touring cars with another title-winning season.”