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."

Corvette Racing has won seven consecutive GT1 manufacturers and team championships and six straight drivers championships in ALMS competition. The team holds the series' records for class victories (57) and 1-2 finishes (40).

"Our decision to compete in all 12 rounds of the ALMS schedule in 2008 reflects our commitment to our sponsors, our suppliers, and to Corvette enthusiasts worldwide," said Steve Wesoloski, GM Racing Road Racing Group manager. "There is a reason why thousands of Corvette owners attend Corvette Corrals at ALMS events and why the autograph line at Corvette Racing is the longest in the ALMS paddock: Racing is an integral part of Corvette's history and heritage, and we are continuing that tradition.

"Experience teaches us that motorsports is cyclical, and the GT1 category is currently in transition," Wesoloski observed. "Would we like to see more competition in GT1 in the ALMS? Absolutely! But in the absence of season-long competition, we are absolutely committed to controlling our own destiny. We are pushing hard to develop our chassis and powertrain, to refine our race strategy, and to continuously improve every element of the program. We know that the competition at Le Mans will be intense, and we will use the ALMS series to hone the race cars, the drivers, and the team to prepare for it."

Corvette Racing will test two new Compuware Corvette C6.R race cars in February in preparation for the season-opening round of the ALMS series, the Mobil 1 Twelve Hours of Sebring, on March 15, 2008.