Penske was co-owner of IndyCar Series racing team Dragon Racing, jointly with Steve Luczo, the Chairman of Seagate Technologies. Raphael Matos won rookie of the year honors in 2009. The team name is derived from Penske's love of books and business interest Dragon Books, Ltd., and his partner's last name. For 2010, Penske's racing team had former Indy Lights champion Raphael Matos behind the wheel of the HP #2 car for the full Indycar Series circuit of events. In 2011, the name of the team changed to Dragon Racing, with Penske as the sole owner, and Paul Tracy was announced as the driver. In 2012 the team planned to run Lotus engines with a two-car team composed of Sébastien Bourdais and Katherine Legge. Due to issues with the Lotus engines Dragon Racing switched to Chevrolet for the Indy 500. Dragon Racing's drivers for the 2013 season were Sebastián Saavedra and Sébastien Bourdais.