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The Corvette C5-R was part of a plan by General Motors and their Chevrolet brand to create a factory team to participate in grand touring races not only in North America, but also elsewhere in the world, most notably at the 24 Hours of Le Mans. GM had previously been against approving factory support for Corvette racing programs, although the IMSA GT Championship's Corvette GTPs had seen some support until they ended competition in 1989.
LS1 Crate Engine
The LS1 is the spiritual successor to the “small block V8” that GM uses in rear-wheel-drive cars, trucks, and vans. It was introduced in 1995 as the “GEN III” engine and it only shared rod bearings, lifters, and bore spacing with its predecessors (which was in production 1955 until 2003). Little did GM expect for the LS1 has become a legend.
For 50 years, Chevrolet Corvette has represented American performance. In 2002, Corvette also led the pack at two important racing venues: the Indy Racing League (IRL) and the 86th running of the Indianapolis 500. In its IRL pace duties, Corvette wore a two-tone white and Millennium Yellow paint scheme with checkered-flags graphics forming a V for victory.