KV Racing has confirmed that it will use Chevrolet engines for the 2012 IndyCar season, when the new technical package comes into play.
The Indianapolis-based squad - which has enjoyed backing from the Lotus Group for the last two season - is the third high-profile IndyCar team to join forces with Chevrolet alongside Andretti Autosport and Penske.
"I am very pleased to announce that KV Racing Technology has reached an agreement to compete with Chevrolet power during the 2012 IndyCar season," said KVRT co-owner Kevin Kalkhoven.
"Chevy has a proven history of innovation and success in motorsports and we look forward to continuing that legacy."
Team co-owner Jimmy Vasser competed with a Chevrolet engine during the first two years of his career and admitted he was delighted to reunite with the car maker.
"I am very excited Chevrolet is returning to IndyCar racing and that we will have the opportunity to work with them," said Vasser.
"I have a long personal history with Chevrolet. My first car was a 1969 Camaro, my first podium was with a Chevy engine in 1993 at Phoenix and, I am proud to say, that I am a Chevy dealer.
"We look forward to a very successful relationship with Chevrolet for many years to come."
Lotus is also building an engine to the new regulations which come into force next season, but as of yet only Michael Shank's outfit has committed to running the company's engines.
Subscribe to Autosport Plus
Register for free