Leading German sportscar team Project 1 files for bankruptcy

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 …Keep reading