Carl Russo drove for the team then known as Performance Development and Racing, or PDR which was owned by Steve Wulff before Russo drove in the Toyota Atlantic Series before he gave up his seat to young driver Aaron Justus.
Cristiano da Matta was injured in a collision with a deer during testing at Road America on August 3, 2006.
On September 17, 2006, the team announced that it would hold a "shootout" at Sebring Raceway to determine who would drive the #10 car in the final two races of the season.
On October 9, it was revealed that the winner of the shootout was Australian Ryan Briscoe, who would make his first appearance for the team at his home race, the Lexmark Indy 300.
Towards the end of the 2006 season, Russo announced that he would be bringing his company public, a move that required that he divest himself of his sometimes unprofitable motorsports interests.