OAK Racing has reached an agreement with Pescarolo Sport to take over the manufacturing side of its business, it has been announced.

A statement from OAK Racing added:

"Consequently, the development and construction of the chassis, bodywork and spare parts of the Pescarolo LMP1 and LMP2 prototypes is to be assumed by OAK Racing, as well as all commercial activities.

"The technical development of the prototypes will come in collaboration with the engineering office of Pescarolo Sport.

"Work has already started and a programme of wind tunnel testing is planned for January to ensure that the prototypes are configured for the 2010 regulations and to continue the aerodynamic development undertaken in 2009."

"This agreement allows us to proceed with the development of all the existing chassis and, in particular, to continue the search for more performance. We have strong ties with the brand and the spirit behind the creation of these cars and we absolutely want to continue that," said Jacques Nicolet, president of OAK Racing.

"This is a new challenge for OAK Racing. We take on this task with the same dedication and efficiency that we have showed so far, and with the technical support of the men of the Pescarolo Sport design department.

"Pescarolos are very good cars which demonstrate their qualities every season and I am sure they have a big future ahead of them."