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 |  Dec 09 2011, 11:15 PM

With 2012 just around the corner now, Chevrolet is hyping up its return to IndyCar where they haven’t been racing for six years. Their return also means the development of a new engine for the racing series, where they hope to take what they learn on the track and apply it to their passenger vehicles.

Their upcoming IndyCar campaign will be powered by a brand new, twin-turbocharged, direct-injected V6 powerplant that runs on renewable E85 ethanol fuel. The excitement and buzz surrounding the program couldn’t be more optimistic, as Chevrolet hopes to transfer a lot of that technology to the street in their upcoming production models.

And if their proven success with their ALMS Corvettes is any indication of what’s to come in production tech-transfer, most of us will be wishing Chevy didn’t take a six year hiatus from IndyCar.

Check out a video after the break showing off what Chevy has in store for the 2012 IndyCar season.

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