Vector Sport regrets a contract which has "not been honoured by Isotta Fraschini"

It is with the greatest regret that Vector Sport announces that it will not be competing in the 2024 FIA World Endurance Championship. As widely publicised, Vector Sport was chosen to be the factory team for the new Isotta Fraschini LMH car in 2024, a collaboration dating back to December 2022 when the contract was signed and announced. The Italian team’s brand has been predominantly displayed on the Vector Sport LMP2 car throughout the 2023 WEC season. Since the Spring of 2023, Vector Sport has been expecting to manage the testing and race development programme – as originally agreed – in preparation for competition next year.  In reality Isotta Fraschini has failed to release the Tipo 6 Competizione or any data, despite repeated requests.  Team Principal Gary Holland states: “The level of disappointment we feel about Isotta Fraschini’s stance is hard to put into words.  We have been given minimal access and input into the development of this new Hypercar, despite solid earlier agreement about race car testing and development in preparation for 2024. We therefore have no real idea at all as to how the Isotta development has progressed.  “Vector Sport has registered for entry with the LMP2 in the European Le Mans Series for 2024 as was announced before the end of the WEC season, but we have no options in WEC at this late stage.  We have, however, already entered into positive negotiations for 2025 and are looking forward to working with a manufacturer in WEC which aligns with our values and ambitions.” Commercial Director Adam Shore adds: “Our contract signed in December 2022 contains clear terms which have not been honoured by Isotta Fraschini. Their approach has been intransigent and ultimately a blatant breach. “We have a range of legal options open to us of course, but we are a professional racing team aligned to the best interests of the sport. The FIA World Endurance Championship and those interests are paramount in our minds. As Gary says, we are more focussed for the time being on concluding arrangements for a competitive WEC campaign in 2025.”       More details on Vector Sport’s 2024 plans in ELMS and otherwise will be confirmed in the coming weeks.