Dodge announced Tuesday it is withdrawing from NASCAR competition at the end of the 2012 season.

The decision announced Tuesday impacts Dodge's involvement in both the Sprint Cup Series and the Nationwide Series. Penske Racing currently fields two Dodge Chargers in Sprint Cup and two Dodge Challengers in Nationwide.

Penske -- the lone NASCAR organization to field Dodges since 2009 – announced in February that it would move to Ford next year.

Penske has fielded Dodges since 2003, winning 29 Sprint Cup races to date and a Nationwide Series championship with driver Brad Keselowski.

This isn't the first time Dodge has chosen to leave NASCAR. The manufacturer pulled out of the sport in 1977 and didn't return until 2001. Since that time, Dodge has accumulated 55 Sprint Cup victories.