Porsche dropped its factory motorsports program after winning the 1998 24 Hours of Le Mans with the Porsche 911 GT1 for financial reasons, facing factory competition from Audi, BMW, Mercedes-Benz, Toyota and others. An LMP1 prototype with a V10 engine, intended to be entered in 2000, was abandoned unraced due to an agreement with Audi, a related company led by Porsche co-owner Ferdinand Piech. The V10 was used in the Porsche Carrera GT instead, while Audi dominated Le Mans after BMW, Mercedes and Toyota moved to F1.