Chip Ganassi Racing to downsize to two cars in IndyCar in 2018

Indianapolis-based Chip Ganassi Racing will cut back to a two-car team in the IndyCar Series next season in a business decision the team owner said led to layoffs.

"With news like this comes contraction and as such we had to let a number of good people go," Ganassi said Wednesday without going into detail. "The decision was not taken lightly, but we felt it was best for our business. It is one of the toughest things you experience as a business owner, especially because I am all too aware that it is the people that make any company tick."

Ganassi has fielded four cars in the IndyCar series the last several years.

Only driver Scott Dixon will definitely return to the program next season, in the No. 9 car.

Ganassi said the driver of the No. 10 car will be announced later. It is widely believed that New Zealand's Brendon Hartley will take over that seat.

Driver Tony Kanaan is expected to move to A.J. Foyt Racing, and it is not clear what drivers Charlie Kimball and Max Chilton will do next season.

"This decision was based on the fact that we felt we needed to get back to our core business of running two championship-caliber teams," Ganassi said.

Only Dixon was in contention for the title this season. He went into Sunday's season finale at Sonoma Raceway just three points out of the championship lead, but slipped to third in the final standings.

Josef Newgarden gave Ganassi rival Roger Penske a second consecutive IndyCar championship on Sunday. Penske had all four of its drivers in contention for the title, and its drivers won 10 of the 17 IndyCar races this season.

Only Dixon won for Ganassi this season.

The team is recovering from the loss of longtime sponsor Target, which is also leaving NASCAR at the end of this season. There was also an adjustment from Chevrolet to Honda. Chevrolet teams—and Penske—dominated the season.