Scott Dixon, racing for the Target Chip Ganassi IRL team, is your pole sitter for the upcoming Indy 500. Scott took the front spot with a 4-lap average of 226.366 MPH, about 0.5 MPH faster than last year's pole sitter. Slotting in behind Dixon is his teammate, Dan Wheldon, just a fraction slower at 226.110 MPH.

The first 22 slots in the 32-car field have been decided. Dixon and Wheldon will be followed by Ryan Briscoe, Helio Castroneves, Danica Patrick, Tony Kanann and Marco Andretti as the top six. The final 11 slots will be decided this Saturday and Sunday. The 92nd Indy 500 takes place on Sunday, May 25.

The fallout from the Indy Car/Champ Car merger has begun to rear its ugly head. First, superpower team Forsythe Racing announced its departure from the scene. and now Champ Car has officially filed for bankruptcy. The disruption of the scheduled 2008 Champ Car season leaves contracts broken and bills to pay, but no event revenue to balance the budget. Bankruptcy court papers reveal that the dying series has a multitude of creditors knocking on its door.

We had just reported that an agreement to reunite the estranged U.S. open wheel racing series of the Indy Racing League and Champ Car World Series was all but inked, and now it is officially official.

Champ Car and the Indy Racing League, the two de facto open wheel racing series in North America since CART split after the 1995 season, are reportedly close to a truce that could reunite the two series as soon as the 2008 season