Dreyer & Reinbold Racing, currently racing as Panther DRR, has confirmed that it will be withdrawing its No. 22 entry driven by Oriol Servia in the IZOD IndyCar Series following the Indianapolis 500. The team had acknowledged last week that lack of sponsorship was likely to force such a move.
In a statement, the team said it will retain a core group of employees at DRR's shop in Carmel, Ind., while considering opportunities in other forms of racing. Dreyer & Reinbold Racing plans to field at least one entry in the 2014 Indianapolis 500.
"We have a long history at the Indianapolis 500 and that is our main focus right now," stated team co-owner Dennis Reinbold.
Robbie Buhl, the other team co-owner, added, "We have to thank our great network of partners that have supported us and we want to continue to perform at our highest level for them. We'll be working hard to bring in additional sponsors as we rebuild after Indy this year and look to next season."
Prior to the 2012 Indianapolis 500, Dreyer & Reinbold Racing entered a strategic alliance with Panther Racing. "We have a great technical partnership with Panther Racing and we look forward to continuing that through the Indy 500," said Reinbold.