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Penske Entertainment CEO Mark Miles says positive talks continue to take place with its current NTT IndyCar Series engine partners and auto manufacturers who are curious to learn where the series i…
Mark Miles, CEO of Penske Entertainment, confirms ongoing positive discussions with current NTT IndyCar Series engine partners and auto manufacturers interested in the direction of the series’ next engine formula. IndyCar, following a midseason shift to hybridization in July 2024, plans to maintain small-displacement ICE engines and an ERS system with its upcoming formula, possibly starting in 2027. Securing Chevrolet and Honda beyond their current supply contracts is a priority for IndyCar, and efforts to attract a third manufacturer are underway. Mark Miles expressed optimism regarding extensions with existing partners and the potential addition of new manufacturers before formalizing agreements. Penske Entertainment aims to finalize its ICE and ERS formulas to transition from expressions of interest to concrete partnerships with Chevy, Honda, and prospective newcomers. IndyCar’s move towards a new formula involves engaging current and potential manufacturers in discussions about costs and competitiveness to shape the series’ future.
