Last week, Sportscar365 revealed that Welter Racing had been working on the production of an LMP1 chassis. Now it’s been revealed the French manufacturer is also involved in the development of a new engine as well.

The latest issue of the French magazine Auto Hebdo provided additional information about team manager Gerard Welter’s projects.

“By year end, our chassis, with its tub and front/rear crash box will be homologated in compliance with 2014 regulations,” Welter said. “Once LMP2 regulations are known, we shall see whether or not we enter a car.

“If we do, it will either have an engine that is already available on the market or it will have an engine designed by us. This engine will actually be presented to the ACO for homologation purposes very soon.”

This is not the first time that team WR (known as WM until 1989) has developed its own engine. The French team revamped four-and six-cylinder Peugeot engines in the 1980s and 1990s, met with success in the 24 Hours of Le Mans, including an all-time speed record of 405 km/hour in the Mulsanne Straight in 1988, an LMP2 victory in 1993, and a pole position and record lap in 1995.

The French magazine also reported Welter’s intention to produce a limited series of supercars inspired by his LMP1 chassis. It also confirmed that the Green GT prototype is still being developed in the hope that it will fill Garage 56 in future 24 hours of Le Mans editions.