2012 IndyCar Series
The 2012 IZOD IndyCar Series was the 17th season of the IndyCar Series, and the 101st season of American open wheel racing. Its premier event was the 96th Indianapolis 500, held on Sunday, May 27. The series was sanctioned by IndyCar, and took place in three countries on two continents. Chevrolet returned to the series for the first time since 2005 while Lotus debuted, with the latter leaving the IndyCar Series after the 2012 season due to poor performance.
2011 IZOD IndyCar World Championship
On December 9, 2011, IndyCar decided that they were not going to return to Las Vegas for the 2012 season. Randy Bernard expressed reluctance to return to the speedway following Wheldon's death, despite the insistence of Speedway Motorsports, Inc. president Bruton Smith (who owns the track in Las Vegas as well as three other tracks used by the IndyCar series) for the series to honor its three-year contract with the track. As of that date, the investigation into the accident was still ongoing. IndyCar was holding back on the release of its 2012 schedule until the investigation concluded. The IndyCar series also conducted an investigation into whether or not the series should continue racing on high-banked ovals such as Las Vegas and Texas Motor Speedway in Denton, Texas. Texas had been one of the staples of the IndyCar series since 1997 and had yet to be confirmed for 2012 prior to the Las Vegas race in 2011. Indycar's future at high-banked ovals was in jeopardy pending the results of the investigation. Texas was eventually placed on the 2012 schedule.