Following the abandonment of the project at the end of 1988 by General Motors and the end of privateer competition by Peerless Racing in 1989, the decision was made to take Peerless' car into international racing, entering the 1990 24 Hours of Le Mans.
Following the abandonment of the project at the end of 1988 by General Motors, Peerless Racing took the Corvette GTP effort out for one last "lap". After the 1989 season the decision was made to take Peerless' car into international racing, entering the 1990 24 Hours of Le Mans.