IndyCar, LLC, based in Indianapolis, Indiana, is the sanctioning body for American open-wheel racing. It oversees two racing series: the IndyCar Series, highlighted by the prestigious Indianapolis 500, and the Indy NXT developmental series. IndyCar is a member of the FIA through the Automobile Competition Committee for the United States.
In March 1996, CART filed a lawsuit against the Indianapolis Motor Speedway in an effort to protect their license to the IndyCar mark after the Indianapolis Motor Speedway had attempted to terminate it.
In 1997, CART returned to branding as simply CART, and resurrected the term "champ car" to describe their vehicles after agreeing to give up the use of the IndyCar mark following the 1996 season.
Following a series of spectacular high-profile accidents in 2003, including American racing legend Mario Andretti and former champion Kenny Bräck, as well as the death of Tony Renna in testing at Indianapolis, the IRL made additional changes to reduce speeds and increase safety.
For the 2003 racing season, the Indy Racing League announced it would rename their premier series the IndyCar Series. CART filed for bankruptcy that year.
In November 2007, Tony George offered Champ Car management a proposal that included free cars and engine leases to Champ Car teams willing to run the entire 2008 IndyCar Series schedule in exchange for adding Champ Car's dates at Long Beach, Toronto, Edmonton, and Australia to the IndyCar Series schedule, effectively reuniting American open-wheel car racing.
On January 23, 2008, Tony George offered Champ Car management a proposal that included free cars and engine leases to Champ Car teams willing to run the entire 2008 IndyCar Series schedule in exchange for adding Champ Car's dates at Long Beach, Toronto, Edmonton, and Australia to the IndyCar Series schedule.
On February 10, 2008, Tony George, along with IRL representatives Terry Angstadt and Brian Barnhart, plus former Honda executive Robert Clarke, traveled to Japan to discuss moving the Indy Japan 300 at Twin Ring Motegi.
In February 2008, Indy Racing League founder and CEO Tony George and owners of the Champ Car World Series completed an agreement to unify the sport for 2008. The result was that the Champ Car World Series was suspended except for the Long Beach Grand Prix. Many of the former Champ Car teams moved to the IndyCar Series using equipment provided by the IRL.
The IndyCar Series and Champ Car World Series were unified for the 2008 season, with the unified series using the IndyCar Series name.
Randy Bernard was announced as the new IRL CEO in February 2010.
On January 1, 2011, the trademark name INDYCAR was officially adopted by the sanctioning body, previously known as the Indy Racing League.
In 2011, the sanctioning body dropped the Indy Racing League name, becoming IndyCar to reflect the merged series.
In October 2012, Randy Bernard was fired and replaced by Mark Miles.
On November 1, 2013, the company's legal name was changed to INDYCAR LLC.
IndyCar collaborated with DreamWorks Animation to launch comedy film Turbo in 2013.
In July 2025, Fox Corporation purchased a one-third stake in Penske Entertainment Corp for around $125–135 million.
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