If you’re going to switch teams, pick a good one. That’s what Team Ethanol driver Paul Dana did. The rumor was floating around until confirmation came today at an Indy Racing League press conference. Paul Dana will now be driving for Rahal Letterman Racing, which makes him a teammate to Danica Patrick.

“This is a huge step up for us from a competitive standpoint because Rahal Letterman has such an excellent track record,” Dana said. “My teammates will be Buddy Rice, who won the Indy 500 in 2004, and, of course, Danica Patrick, who was Rookie of the Year last year.” Rahal Letterman Racing is co-owned by 1986 Indianapolis 500 winner Bobby Rahal and television talk show host and comedian David Letterman.

Team Ethanol is sponsored by the Ethanol Promotion and Information Council. Executive Director Tom Slunecka said they could not be more thrilled with the switch to one of the best and well-known IRL teams. “The Rahal Letterman team, having produced Indy car winners and having the sensation in race car and sports media Danica Patrick, is just a fabulous way for ethanol to get its name out to that many more people.” (Full Release)

You can hear the actual press conference annoucement here.