Honda Performance Development, Inc., the racing arm of American Honda Motor Company, Inc., today announced plans to adopt the new engine formula for the IZOD IndyCar Series, extending participation beyond expiration of its current supply agreement at the conclusion of the 2011 season.

HPD has provided engines to the Series since 2003, and has served as the single engine supplier to America's premier open-wheel racing formula since 2006. HPD will continue to provide the current Honda Indy V-8 engine to all IndyCar competitors during the 2011 season, after which a new 2.4-liter, twin-turbocharged V-6 power plant, designed by…