The HVM team has confirmed it will move into the World Endurance Championship next season after entering into partnership with Status Grand Prix.
The newly combined outfit will run a Lola-Judd Coupe in the LMP2 class of the series, which will include an entry into the Le Mans 24 Hours.
While HVM expands into sportscars having spent recent years running in the IndyCar Series, Status competed in the ELMS last year while also taking in selected WEC events. The team also made its debut at Le Mans.
“We made a decision to expand our interests into sportscars for next year and once we looked at the WEC programme it was obvious we needed a European base, which is familiar ground for me,” HVM CEO Keith Wiggina said. “Then we started a dialogue with my old friends now together at Status and it quickly became a partnership both parties wanted and embraced.
“We cover two continents with facilities, staff and equipment and we'll hit the ground running, able to compete in both the US and Europe, so it makes perfect business sense. Also both groups have a strong history and relationship with the Lola marquee and its future plans.”
Status team principal Teddy Yip was delighted to be able to confirm the new agreement.
“We are delighted to create this partnership between Status and HVM," he said. "For the step up to a full-time FIA WEC programme our combined strengths create a very strong platform for technical personnel, resources and contacts with drivers and sponsors in both Europe and the USA.
"It's an exciting development for each company to establish a presence on both sides of the Atlantic, and we look forward a long-term collaboration.”
Technical partners, sponsors and drivers will be announced in due course.