Charlie Schwerkolt has signed Lee Holdsworth as Team 18 Driver for the next two upcoming Supercars seasons.

"It's great to sign a multi year contract with Preston Hire Racing. After all the blood sweat and tears put in from everyone involved, I'm looking forward to helping the team reach its true potential over the next few seasons. It's awesome to have some continuity heading into next year," Holdsworth said.

The two year contract means that Schwerkolt and Holdsworth will have been partnered for 4 years at the conclusion of 2018.

“I am extremely excited to have Lee re-signed for a 2 year extension, it is great for continuity of both team and driver partnership together. We can really now focus on building Team 18/ Preston Hire Racing for the future," Schwerkolt said.

"Lee is a great ambassador for our brand, a special person and also a mate and I am very proud to have him to continue on this journey together. We are really excited about getting results for the future and the next 2 years."

"We have an amazing group of partners/sponsors, a great car and most importantly a fantastic team of people/staff behind our single car out fit. Bring on Bathurst!”