Chip Ganassi Racing with Felix Sabates on Wednesday announced reigning Indianapolis 500 and IndyCar Series champion Dario Franchitti has signed a multi-year deal with the organization to compete in the Sprint Cup Series, beginning in 2008.

Franchitti will become the first European driver in the 59-year history of NASCAR to join the series full time when he assumes the driving duties of No. 40 Dodge next season.

“Any time you can sign a driver of Dario’s caliber you have to be thrilled,” said Ganassi. “Dario is a world-class driver. He is a proven winner, an Indianapolis 500 champion and an accomplished individual that will be a super teammate to both Juan Pablo [Montoya] and Reed [Sorenson].”

For more, visit NASCAR’s website.