IndyCar, LLC, based in Indianapolis, Indiana, is the sanctioning body for American open-wheel racing. It oversees two series: the premier IndyCar Series, highlighted by the Indianapolis 500, and the developmental Indy NXT series. IndyCar is a member of the FIA through ACCUS.
In 1979, CART primarily sanctioned Indy car racing when the organization broke away from USAC.
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 1996, CART retaliated by scheduling what was supposed to become its new showcase event, the U.S. 500, at Michigan International Speedway on Memorial Day, the traditional date for the Indy 500.
In 1997, CART returned to branding as simply CART, and resurrected the term "champ car" to describe their vehicles.
In 1997, the new technical rules featured less expensive chassis and "production-based" engines that were purchased rather than leased, but most importantly, were technically incompatible with CART specifications.
Following a settlement, the IRL agreed not to use the name before the end of the 2002 season.
In 2002, the IRL began to draw top teams from CART, contributing to the latter's bankruptcy.
Following a series of accidents in 2003, including accidents involving Mario Andretti and Kenny Bräck, as well as the death of Tony Renna, 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.
In 2003, CART was replaced by the Champ Car World Series.
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 to the IndyCar Series schedule.
On February 10, 2008, Tony George, along with IRL representatives, traveled to Japan to discuss moving the Indy Japan 300 at Twin Ring Motegi to accommodate the Long Beach Grand Prix.
In February 2008, an agreement was completed to unify IndyCar and Champ Car for 2008.
In 2008, the IndyCar Series and the Champ Car World Series were unified, with the unified series using the IndyCar Series name.
In February 2010, Randy Bernard was announced as the new IRL CEO.
On January 1, 2011, the trademark name INDYCAR was officially adopted, replacing the Indy Racing League name.
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 as CEO and replaced by Mark Miles.
On November 1, 2013, the company's legal name was changed to INDYCAR LLC.
In 2013, IndyCar collaborated with DreamWorks Animation to launch the comedy film Turbo.
In November 2019, Penske Entertainment Corp., a subsidiary of Penske Corporation, purchased IndyCar and the Indianapolis Motor Speedway from Hulman & Co.
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