NASCAR Driver Kurt Busch Arrested For DWI

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The 46-year-old was pulled over at around 11:30 PM in Iredell County, North Carolina ... following allegations he was driving 18 MPH over the posted 45-MPH speed limit, this according to the Iredell Free Press.

The outlet, citing court documents, reported Busch told officers he had been drinking prior to the stop -- and elicited signs of being wasted, including having "red glassy eyes."

Law enforcement says Busch had a blood-alcohol concentration of .17 -- more than two times the legal limit of .08 in North Carolina.

The retired racer was ultimately taken to a nearby detention facility ... and hit with DWI, speeding, and careless and reckless driving charges.

Hours after being released, Busch said in a statement he was sorry for his actions.

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