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FROM GM RACING:

Corvette Racing to Compete in 12-Race American Le Mans Series in 2008

Chevrolet Factory Team to Run Entire ALMS Schedule and 24 Hours of Le Mans

DETROIT - Corvette Racing, the most successful team in the history of the American Le Mans Series, will compete in the GT1 class in all 12 events on the ALMS schedule in 2008. Chevrolet's two-car factory road racing team will also return to the 24 Hours of Le Mans in pursuit of a sixth GT1 title in the world's most famous sports car race.

"Corvette Racing was conceived as a long-term program to showcase the performance, technology, and value of Chevrolet's world-class sports car," said Mark Kent, director of GM Racing. "Since the team's competition debut in 1999, Corvette Racing's success in top-tier road racing has produced a strong return on our investment, paying dividends in marketing, engineering, technology transfer, personnel development and other areas of our business. Corvette is now a performance icon that's recognized around the world, and Corvette Racing's continued participation in the ALMS and the 24 Hours of Le Mans will be an important element in the global celebration of GM's 100th anniversary in 2008."

In 2009, The GT1 Class Corvette returned to an in-house factory effort and returned to GT2 class.  Expenses took their toll on the financially strapped General Motors Corporation.