In the following years, Penske struggled to match the performance of the teams using the Lola chassis and the new Ford-Cosworth engines, as the driver line ups also grew younger and more talented, including Emerson’s new teammate, Paul Tracy. In 1993, reigning F1 champion Nigel Mansell joined IndyCar, further intensifying the championship’s competitiveness.
Despite these challenges, Emerson remained a strong contender, winning four races in 1992. Faced with Lola’s superiority, Penske responded: Nigel Bennett refined the PC21, optimizing its aerodynamics, while Ilmor developed the Chevrolet 265 V8 turbo into the “C” version, capable of producing 775bhp at 12,000rpm. The PC22 also introduced a six-speed sequential gearbox and push-rod suspension. Interestingly, that same year, Ayrton Senna tested a PC22 at Fittipaldi’s invitation, though he ultimately remained in Formula 1.
At the age of 47, Emerson delivered an outstanding season, securing nine podiums, three victories, and finishing as runner-up in the championship. At the Indianapolis 500, he drew upon his vast experience to claim PC22’s most significant victory. Chassis #002, featured in Emerson Fittipaldi’s collection, is one of the most important, having been driven by both Fittipaldi himself and his teammate, Paul Tracy.