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Shank sells his IndyCar, still eyeing Indy 500

Updated: February 8, 2013, 1:45 PM ET
Associated Press

INDIANAPOLIS -- Michael Shank has sold his IndyCar to Schmidt Peterson Motorsports, officially ending his bid to run a full-time program in the series.

Shank is still trying to field a car for the Indianapolis 500 and is talking with existing teams about a potential partnership for the May race.

Shank spent $1 million on a Dallara DW12 in anticipation of fielding an IndyCar team last year. But a shortage of engines and difficulty in putting together a sponsorship package kept Shank ...

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