Luczo Dragon Racing and de Ferran Motorsports have announced a merger that will see the two teams join forces for the 2010 IndyCar Series season.

De Ferran Motorsports boss Gil de Ferran has spent the past two seasons racing in the American Le Mans Series with his team before retiring from racing a second time at the end of 2009, with a move back to IndyCars being the plan for the season ahead.

Having elected to go into partnership with Luczo Dragon co-owners Steve Luczo and Jay Penske, de Ferran will now take on the mantel of co-owner, president and managing partner of the newly names Luczo Dragon/de Ferran Motorsports outfit.

Raphel Matos, who won the rookie of the year title in 2009, will return in 2010.

"This is a hugely exciting announcement," de Ferran said. "Our aim is to put together a state-of-the-art motorsports operation with a sharp focus in high technology and developing the science of performance. We have a very talented driver in Raphael Matos who has been a winner at every level he raced and showed great potential already last year, becoming rookie of the year.

"The foundation is set and with our collective resources and leadership we hope to break new ground and become one of the most competitive teams in the IZOD IndyCar Series."

Luczo co-owner Penske welcomed the deal and said he was confident that the newly merged team would prove to be a success on track.

"Gil and I have known each other for ten years - when he started racing for my father," he said. "Gil has always had ambitions outside of the car and Steve and I have been talking to him about working together for some time. Luczo Dragon Racing and de Ferran Motorsports will live together. We all share the same vision for the future in this industry and with our combined skills we are confident that we can make a real success story of this new venture.

"We have the resources and the knowledge to build a great motorsport organisation together."