New Porsche Prototype Racing Program Announced

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New Porsche Prototype Racing Program Announced for North America

Penske Motorsports to Partner in Campaigning New Factory-Built Porsche Racecar

ATLANTA, GA, April 15, 2005 – In response to increasing customer demand and to raise the excitement level in American sports cars racing, Porsche Cars North America, Inc. (PCNA), and Porsche Motorsport North America (PMNA), today revealed they will embark on a new racing program created for customers in the American Le Mans Series (ALMS). The two organizations have commissioned their parent company, Porsche AG, to design and construct a racecar that will be eligible to compete in the LMP2 (Le Mans Prototype 2) class of the ALMS. It will be the first Porsche-built prototype racecar since the 1998 Porsche 911 GT1.

Penske Motorsports, Inc., a wholly owned subsidiary of Penske Racing, Inc., will field the new Porsche prototype in its first full season of competition exclusively in 2006. One of the world’s most successful racing organizations, Penske Motorsports has a rich racing history with Porsche highlighted by winning championships in the 1972 and 1973 SCCA Can-Am series campaigning the legendary Porsche 917/10 and 917/30 race cars. It is anticipated Penske Motorsports will debut the new Porsche prototype at the final two races of the 2005 ALMS season, the Oct. 1st Petit Le Mans at Road Atlanta and the Oct. 16th season finale at Laguna Seca, as test events before entering the entire 2006 season.

"Our American racing customers have made it clear to us that they would like to move up several levels in ALMS competition, as would we," said Peter Schwarzenbauer, PCNA President and CEO. "We believe this new Porsche prototype program will provide the perfect means to do so and will generate added enthusiasm for sports car racing in America, especially with Penske Motorsports as our partner and initial entrant."

Porsche's current ALMS customer program, administered by PMNA, is confined to the GT2 (formerly GT) Class, where Porsche customer teams have captured a record 47 victories resulting in Manufacturers Championships in five of the past six seasons primarily racing variants of the production-based Porsche 911 GT3. It is the latest in more than 30 years of highly successful North American Porsche customer racing programs that have featured such famed Porsche racecars as the 934, 935 and 962.

"PMNA is fully committed to provide the same level of customer support for this new ALMS prototype program once it reaches fruition," commented PMNA President, Uwe Brettel. "Indications are there is real interest in a racecar such as this for the LMP2 class."

Porsche Cars North America, Inc. (PCNA), based in Atlanta, Ga., and its subsidiary, Porsche Cars Canada, Ltd., are the exclusive importers of Porsche 911, Boxster and Carrera GT sports cars and Cayenne sport utility vehicles for the United States and Canada. A wholly owned, indirect subsidiary of Dr. Ing. h.c.F. Porsche AG, PCNA employs approximately 250 people who provide Porsche vehicles, parts, service, marketing and training for its 205 U.S. and Canadian dealers. They, in turn, provide Porsche owners with best-in-class service.

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For more information, contact: Bob Carlson (770) 290-3676 or Andy Schupak (410) 739-5677.

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