Overview
- Team Penske signed Malukas to a multiyear deal to drive the No. 12 Verizon Chevrolet beginning in 2026, with his debut set for St. Petersburg on March 1.
- He replaces two-time champion Will Power, who departs after 17 seasons and has signed with Andretti Global for next year.
- Malukas arrives from A.J. Foyt Racing, a Penske technical ally, after finishing 11th in 2025 and taking second at the Indianapolis 500.
- The Chicago-born driver has three career IndyCar podiums in 61 starts and becomes the youngest member of Penske alongside Josef Newgarden and Scott McLaughlin.
- His promotion leaves an opening at Foyt and adds momentum to the 2026 IndyCar driver shuffle, with multiple seats and candidates still unresolved.