P1racenews AI automatic summary:
IndyCar boss Miles rules out non-points race in Argentina for 2024
The momentum for hosting an IndyCar event in South America started gaining traction late last year, with plans to hold a non-points race at Autódromo Termas de Rio Hondo in fall 2024. This initiative was driven by Ricardo Juncos, co-owner of Juncos Hollinger Racing, who collaborated with the local government to bring IndyCar to Argentina. Discussions progressed rapidly, leading to venue tours by Jay Frye and other Penske leadership members in March. However, due to economic challenges and government spending cuts in Argentina, the possibility of hosting the event in 2024 seems unlikely. Despite the setback, Ricardo Juncos continues his efforts, engaging with officials and policymakers for potential future opportunities. Jay Miles acknowledged the challenges faced in Argentina’s current business environment, indicating that a race in Argentina is not feasible for the upcoming year.
