KV Racing’s auction set for March 27

Sebastien Bourdais and Sebastian Saavedra in 2014. Photo: Getty Images
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The remaining assets from KV Racing Technology will be auctioned off on March 27 in a live and online auction put on by Key Auctioneers in Indianapolis.

Much of KV’s inventory has been sold to new Verizon IndyCar Series entrant Juncos Racing, which formally announced its arrival into the series on Tuesday. That includes three chassis, two full sets of pit equipment and one transporter, among other items per Trackside Online.

What’s left for KV of current equipment includes one of the Dallara DW12 chassis – it appears to be the chassis used by Stefan Wilson in last year’s Indianapolis 500 – dampers, drives, gears, lay shafts and more.

There’s also a bit of rolling stock, hospitality and other memorabilia available.

A full page of what’s available is linked here.

KV Racing was born out of the assets of the former PacWest Racing team (PWR Championship Racing in its final year of 2002), and launched as PK Racing in 2003.

Despite going through myriad name changes in the 14 years since, KV was still a fun part of the IndyCar fabric and thanks to Kevin Kalkhoven and Jimmy Vasser, a staple in the paddock. They never fully evolved into a championship-contending team but were an Indianapolis 500-winning entry.

With their demise, it left Dale Coyne Racing as the last of the Champ Car racing teams that switched over to IndyCar in 2008 still standing. But Juncos’ arrival as the ninth team gives new life to a new breed of team owners coming into the series and hopefully opens the door for more from here.

In the meantime, if you’re in Indianapolis and have the means or desire to get a piece of the KV history, March 27 represents that chance.

AJ Foyt Racing promotes Benjamin Pedersen from Indy Lights to IndyCar for 2023 season

Benjamin Pedersen AJ Foyt
AJ Foyt Racing
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Benjamin Pedersen is the first driver to land a promotion from Indy Lights into IndyCar for next season as AJ Foyt Racing confirmed Wednesday he’ll be part of its 2023 lineup.

Pedersen, a 23-year-old dual citizen of Denmark and the United States, spent last season running the full Indy Lights schedule for HMD Motorsports. Linus Lundqvist, his teammate, won the Lights title, and Pedersen finished fifth in the final standings. Pedersen earned his only win earlier this month when he led every lap from the pole at Portland.

Pedersen also ran four races for HMD in 2021 with back-to-back runner-up finishes in his debut. Pedersen landed on AJ Foyt Racing team president Larry Foyt’s radar through a “trusted colleague” and Pedersen spent most of last season shadowing the IndyCar team.

His promotion to IndyCar comes ahead of all four drivers who finished ahead of him in the Indy Lights standings, including champion Lundqvist.

“We are really looking forward to having Benjamin as part of the team,” Larry Foyt said. “His enthusiasm is infectious, and he is 100 percent committed to IndyCar, AJ Foyt Racing, and doing the best he can to win races.

“It’s been great to have him embedded with the team this past season, and everyone is excited to hit the ground running when testing begins. It is also great to have a multi-year program in place, which will help him and the team grow together.”

Foyt did not announce a car number for Pedersen. Kyle Kirkwood spent his rookie season driving AJ Foyt’s flagship No. 14 but Kirkwood is moving to Andretti Autosport. The team has not yet announced if Dalton Kellett will return for a fourth season, and a third car for Tatiana Calderon was pulled from competition after seven races because of sponsorship non-payment. Shutting down Calderon’s team removed the only semi-regular female driver from the IndyCar field.

Pedersen, however, was signed to an agreement Foyt said “spans multiple seasons as the team plans to develop the young rookie and is aligned to a longer-term plan for AJ Foyt Racing.”

Pedersen was born in Copenhagen but raised in Seattle and currently lives in Indianapolis. He said his time shadowing the IndyCar team has given him a jump on his rookie preparations.

“I’ve spent a lot of time this season with AJ Foyt Racing learning the ins and outs of making the jump to IndyCar and it’s been really nice to do that in conjunction with my Indy Lights season,” Pedersen said. “IndyCar has been my target goal since I started open wheel racing in 2016. The racing, atmosphere, fans, events, tracks, etc. are all awesome.”