Co-owner Harry Scott vows to try to keep teams on the track.
Turner Scott Motorsports shut down its truck operation on Wednesday sources told Motorsport.com.
No. 31 Crew chief Mike Shelton informed the teams around 3 p.m. ET.
However, team co-owner Harry Scott released a statement three hours later that, TSM will remain "in operation".
“Turner Scott Motorsports remains in operation and will compete in this weekend’s NASCAR events," Scott said via release. "TSM’s NASCAR Nationwide Series race teams represented by the No. 42 driven by Kyle Larson and the No. 31 driven by Dylan Kwasniewski will complete this weekend as scheduled at Atlanta Motor Speedway.
“The No. 31 driven by Ben Kennedy and the No. 32 driven by Cameron Hayley in the NASCAR Camping World Truck Series will compete as scheduled at Canadian Tire Motorsport Park this coming Sunday.
“My investment company, a co-owner of TSM, will continue to do all that it can to keep the team moving forward with or without our business partner Steve Turner. To all TSM employees, sponsors, partners and fans I pledge we will continue to do what we can to keep the teams racing hard each and every week of the season.”
Steve Turner started his truck operation on a limited basis in 2009 and expanded to two full-time teams in 2010. In 2012, Turner won the Camping World Truck Series title with James Buescher. TSM currently campaigns three truck teams with former champion Ron Hornaday Jr. and Ben Kennedy both competing full-time.
Although Hornaday is currently fourth in the point standings, the four-time champion's status is uncertain for this weekend at this time.
In five seasons, TSM has amassed 11 wins.
Troy Turnage, the team engineer for the No. 31 truck tweeted: Boom goes the dynamite!!! On vacation for a little while.
He has since removed the tweet.
Crews were told to remove their tool boxes from the premises in Mooresville.