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Former FIA WEC GTE Am title-winning team Project 1 Motorsport has filed for bankruptcy in Germany. The outfit, which was a giant in single-make Porsche competition during its three decades of compe…
Former FIA WEC GTE Am title-winning team Project 1 Motorsport has filed for bankruptcy in Germany. The outfit, a giant in single-make Porsche competition, made its FIA WEC debut in 2018 and impressed with a championship-winning season. Founded in 1993 as Tolimit Motorsport, the team earned 18 major Porsche titles before transitioning to the GTE category. Despite successful campaigns, Project 1 was not selected by Porsche for their LMGT3 class in 2024 and struggled to secure new programs. The team’s statement expressed gratitude towards employees, partners, friends, and fans for their support over three decades and vowed to stay connected to motorsport in 2024.
