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He tweeted: "Stepping down from Top Gear. Gave it my best shot but sometimes that's not enough." "The team are beyond brilliant, I wish them all the best," he added.
His resignation comes after falling ratings for the show - which hit a series low on Sunday night. He said he would continue with his other BBC commitments, including presenting the BBC Radio 2 breakfast show. "Full steam ahead then with Radio 2, CarFest, Children In Need, 500 Words and whatever else we can dream up in the future," he said.
According to The Sun newspaper, a source said: “Matt is going to get the big job on his own. There are already active negotiations and he’s almost certain to sign now that he doesn’t have to work with Chris.
Chris won’t be replaced but Matt will become the star presenter surrounded by the existing team.” They continued: “Chris is gone – everyone here [at Top Gear] is celebrating. It’s [the first series] been a disaster.”