Chevrolet to Compete in 2012 IndyCar Series with New V-6 Engine

INDIANAPOLIS, Nov. 12, 2010 /PRNewswire/ — Chevrolet will compete in the 2012

IZOD IndyCar Series with a new twin-turbocharged, direct-injected V-6 racing
engine powered by renewable E85 ethanol fuel. The new purpose-built Chevy
IndyCar engine will be developed jointly by General Motors and Ilmor
Engineering.

Team Penske is the first IndyCar team to commit to Chevrolet power in 2012. The
Chevrolet IndyCar engine will be available to all entrants in accordance with
the series’ regulations.

“Indianapolis Motor Speedway has been a proving ground for manufacturers since
Louis Chevrolet, our co-founder, first raced here in 1909,” said Chris Perry,
vice president of Chevrolet Marketing. “Our return to IndyCar as Chevrolet
enters its centennial year is natural. At the same time this engine program will
be a showcase for the efficient and powerful engine technologies that parallel
new Chevrolet vehicles like the Camaro, all-new Cruze compact and Equinox
crossover.”

Chevrolet competed previously in Indy-style competition as an engine
manufacturer in 1986-93 and 2002-05 with V-8 engines, winning 104 races,
powering six driver champions, and scoring seven Indianapolis 500 victories. The
new Chevrolet IndyCar engine program will reunite one of the most successful
partnerships in motorsports when Team Penske introduces the Chevrolet engine in
2012. Team Penske previously tallied 31 open-wheel victories with Chevrolet
engines, including four Indianapolis 500 wins.

“Our vision is to design, build and sell the world’s best vehicles – and racing
is one of the best ways to showcase what we can do,” said Tom Stephens, GM vice
chairman, Global Product Operations. “Re-entering IndyCar racing will help us
take our advanced engine technology to the upper bounds of what’s possible. And
it will also provide a dynamic training ground for engineers, who’ll transfer
the technologies we develop for racing to the products we sell to our customers.

“GM has become a recognized leader in implementing direct-injection technology
in both 4-cylinder and V-6 engines,” Stephens said. “Building on this
foundation, our new partnership with Ilmor will give us even more opportunities
to accelerate our advanced propulsion technology strategy. We’ll work to further
increase performance, while using the least amount of fuel – and we’ll also
learn how to get the most out of E85 ethanol.”

The Chevrolet IndyCar V-6 will have a displacement of 2.4 liters. The powerplant
will have an aluminum block and cylinder heads, and will be a fully stressed
chassis member supporting the gearbox and rear suspension. Technical details and
specifications will be released at a later date.

“We are excited to have engine manufacturer competition again in the IZOD
IndyCar Series, beginning in 2012,” said Randy Bernard, CEO, INDYCAR. “Chevrolet
brings a strong passion for racing, technology, relevance and innovation, which
is a great fit for our new car platform. We are excited about the future of
IndyCar racing with the addition of Chevrolet.”

Note:High-resolution images can be downloaded from the Team Chevy media website:

http://media.gm.com/product/public/us/en/gmracing/news.html

More information on Chevy’s racing heritage and accomplishments in IndyCar click
here:

About Chevrolet: Chevrolet is a global automotive brand, with annual sales of
about 3.5 million vehicles in more than 130 countries. Chevrolet provides
consumers with fuel-efficient, safe and reliable vehicles that deliver high
quality, expressive design, spirited performance and value. In the U.S., the
Chevrolet portfolio includes: iconic performance cars, such as Corvette and
Camaro; dependable, long lasting pickups and SUVs, such as Silverado and
Suburban; and award-winning passenger cars and crossovers, such as Malibu,
Equinox and Traverse. Chevrolet also offers new fuel efficient technologies
including the Cruze Eco and Volt, both arriving in late 2010. Cruze Eco will
offer segment-leading 42 mpg highway while the Chevrolet Volt will offer 25-50
miles of electric, gas-free driving and an additional 300 miles of extended
range (based on GM testing; official EPA estimates not yet available). Most new
Chevrolet models offer OnStar safety, security, and convenience technologies
including OnStar Hands-Free Calling, Automatic Crash Response, and Stolen
Vehicle Slowdown. More information regarding Chevrolet models, fuel solutions,
and OnStar availability can be found at www.chevrolet.com.

SOURCE General Motors