Hybrid Racing withdraws

Hybrid Racing, who recently announced their involvement with the Saleen S7R GTS Racing program for the GrandAm championship has today withdrawn its entry. Of course, a surprise to many, a team spokesman cited "car completion, reliability and a...

Hybrid Racing, who recently announced their involvement with the Saleen S7R GTS Racing program for the GrandAm championship has today withdrawn its entry.

Of course, a surprise to many, a team spokesman cited "car completion, reliability and a budget well below our standards of operation are concerns enough that this team cannot ignore."

Longtime Hybrid Racing sponsor Mark Place Ltd. Will purchase the car as they are a dealer for the S7 streetcar, while promoting that through racing the S7R. Hybrid Racing team owner Rod Everett has had several meetings with the team's marketing partners and Saleen prior to this decision, stating, "I have encouraged them collectively to do one of two things. Produce additional funding as the current budget is much too modest for such an undertaking what with racing's high cost of operations, not to mention new car development. Or contact other teams that may have financial resources above our own that can accommodate this program.

It is believed that Everett's advice has led them to a startup team in the northwest. The new team's commitment is to begin the season of nine races at Homestead, Florida, March 3.

"We are very happy that they have found someone to commit to the program. We wish our friends well. Meanwhile, we are pursuing other interests and considering another race program with our existing Marketing Partners to further suit their needs," said Everett.

-www.hybridracing.com

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Series Grand-Am