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Italian Car Company Dallara Expanding in Speedway, Indiana

Italian racing company Dallara is expanding its Speedway, Indiana operations. The move will create more than 80 jobs, and invest $7 million. The Speedway site will be the company's only location outside its base in Parma, Italy. Dallara will produce a new Indy Car in Speedway.

"The new Dallara IndyCar will be built in Speedway, Indiana, and it will set new standards in terms of safety, fuel efficiency, raceability, technology performance and cost containment," said Gianpoalo Dallara, founder of Dallara Automobili. "Dallara has been a trusted, credible, stable and loyal partner of the Indy Racing League for the past 12 years. We are committed to the development of this new car by locating a dedicated facility near the Indianapolis Motor Speedway."

The Speedway Redevelopment Commission helped secure the project.

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