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Autosport

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Leading German sportscar team Project 1 files for bankruptcy

Project 1 BMW Porsche Marco Wittmann DTM WEC Philipp Eng Alexander Trienitz Rene Rast Le Mans

The team entering its 30th season, run by Hans-Bernd Kamps, has also announced that its event company Project 1 Drivetime, which ran the BMW M2 Cup on the DTM undercard, will also close down.

A short statement released by the team on Monday evening said: "After numerous discussions with investors, manufacturers, partners and friends, we were unable to achieve a positive result for the continuation of our companies Project 1 Motorsport and Project 1 Drivetime.

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