KV Racing confirms exit from IndyCar
16 February 2017 – KV Racing Technology co-owners Kevin Kalkhoven and Jimmy Vasser have confirmed that the IndyCar outfit has closed, ending its stay in the category.
KV Racing began under the PK Racing banner in Champ Car in 2003, and moved across to IndyCar in 2008 under the reunification process in American single-seater racing.
KV won the Indianapolis 500 in 2013 with Tony Kanaan and in recent years triumphed on occasion with Sébastien Bourdais, scaling back to a one-car operation last year.
Bourdais moved across to Dale Coyne during the off-season and KV had not recruited a replacement.
"I have really enjoyed my time in the series, helping with reunification and of course winning the greatest spectacle in racing, the Indianapolis 500," said Kalkhoven.
"It is my firm belief that the series is on a major upswing under the leadership of Mark Miles and Jay Frye and has a bright future.
"I remain committed to help in any way I can, particularly in encouraging new owners and sponsors, in particular Ricardo Juncos, to whom we will be offering our support."
Juncos Racing currently competes in IndyCar's feeder series, Indy Lights.