KV Racing Technology have announced that they have signed an engine deal with Chevrolet for the 2012 season.
That makes them the fourth team to join Chevrolet's roster of teams for the new season, alongside Penske Racing, Andretti Autosport and Panther Racing.
The switch to Chevrolet after several years of Honda exclusivity in the IndyCar Series was expected, despite the team's Lotus branding for the last two years: Lotus are the third proposed engine supplier for the new season, but have so far only managed to convince Michael Shank's fledgling team to sign an engine supply deal with them for next year.
In explaining the team's switch to Chevrolet, KVRT co-owner Jimmy Vasser pointed out that: "I have a long personal history with Chevrolet. My first car was a 1969 Camaro, my first podium was with a Chevy engine in 1993 at Phoenix and, I am proud to say, that I am a Chevy dealer. We look forward to a very successful relationship with Chevrolet for many years to come.
“I am very excited Chevrolet is returning to IndyCar racing and that we will have the opportunity to work with them," he added.
Chevrolet has been involved in motor racing since its inception in 1911, which has seen Chevy-powered cars take 104 IndyCar race wins including seven Indy 500 victories, resulting in six series championships over the years.
Chevrolet pulled out of the IndyCar Series after the 2005 season, leaving all cars running Honda engines. But with the arrival of a new IndyCar Safety Cell chassis from Dallara and a new specification of engine being introduced in 2012, Chevrolet has been tempted back to IndyCar - with Roger Penske being a key factor in the return of General Motors to US open wheel racing.
"We are pleased to welcome KV Racing Technology to Team Chevy for the 2012 IZOD IndyCar Series," said Jim Campbell, Chevrolet's Vice President for Performance Vehicles and Motorsports in the United States. "The team puts a high value on advanced technology, as does Chevrolet with its IndyCar engine program that uses key technologies from our production engines."
Chevrolet have said that their 2012 IndyCar V-6 will have an aluminium block and cylinder heads, direct injection and twin turbochargers. The engine will also be a fully stressed chassis member supporting the gearbox and rear suspension
“Chevy has a proven history of innovation and success in motorsports and we look forward to continuing that legacy," said Vasser's co-owner in KVRT, Kevin Kalkhoven.