The Indy 500 is an annual automobile race held at the Indianapolis Motor Speedway in Speedway, Indiana. The race is part of the IndyCar Series and is one of the most prestigious events in motorsport. The term 'Indy 500 Automobile' refers to the cars that are used in the race. The PACER is a type of Indy 500 Automobile that is powered by a turbocharged V6 engine and has a top speed of over 200 mph. It is considered to be one of the fastest and most reliable cars in the IndyCar Series.