Chevrolet announced Tuesday that seven-time Tour de France winner Lance Armstrong will drive the 2006 Corvette Z06 pace car at this year's running of the Indianapolis 500.

The striking red, white and blue 'Vette will be the eighth to pace the Indy field in the race's history, marking the 17th time a Chevy has had the honor.

The stars and stripes color scheme is intended to tie in with Chevy's "An American Revolution" marketing campaign, and looks to be a vast improvement over the purple and yellow extravaganza that graced Jay Leno's Corvette pace car at this year's Daytona 500.

[Source: GM]