Former Minardi Formula One team owner Paul Stoddart is to join the US-based Champ Car World Series next year.
Stoddart will bring the Minardi name back into racing in 2007
The Australian aviation millionaire, who sold Minardi to the Red Bull drinks giant at the end of 2005, has taken over the CTE Racing HVM team.
The outfit, which ran Yorkshireman Dan Clarke in 2006, will be re-named Minardi Team USA.
Stoddart said he liked Champ Car's "competitive, cost-effective racing and relatively level playing field".
The team will run Panoz chassis in 2007, and said it would name its drivers and sponsors next year.