An abbreviation of Championship Car, “Champ Car” is used to refer to both the Champ Car World Series and the specifications of the vehicles formally used in the series events.
CART Years
Champ Car was formed in 1978 as the Championship Auto Racing Teams, (CART). The initial purpose was to address concerns drivers and owners had with the United States Automobile Club (USAC), the sanctioning body for U.S. open wheel racing.
2003 Bankruptcy
The CART series went bankrupt in 2003 and reorganized as the Champ Car World Series in order to compete with the Indy Racing League, (IRL).
Merger with the IRL
2008 Bankruptcy
On March 5, 2008 Champ Car filed for Chapter 11 Bankruptcy. The filing stated that Champ Car plans on staying in business long enough to conduct its final race, the Toyota Grand Prix of Long Beach on April 20, 2008.
