Europe Preview Quotes: Toyota
The Grand Prix Association of Long Beach has been bought by Aquarium Asset Management, guaranteeing that Champ Car rather than IRL IndyCar will run on the Californian streets
Aquarium Asset Management is an affiliate of the Champ Car World Series.
The blue-ribbon event had been mooted to switch to IRL after the contract expired following this year's race. The only remaining stumbling block is gaining consent from the city of Long Beach.
Champ Car president Dick Eidswick said: "Champ Car are pleased that the future of the Grand Prix of Long Beach has been solidified by today's announcement.
"Dover Motorsports did a tremendous job in building the race into one of the top motorsports events in the world and the Toyota Grand Prix of Long Beach has played a large role in the revitalization of the community.
"Champ Car has played a major role in the growth of this event and we look forward to continue building the tradition that has served the community and the series so well, for so many years."
Champ Car has raced at the circuit every season since 1984.
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