The DAMS racing team abandoned Formula 1 due to a lack of money

The French team DAMS abandoned its project to participate in the Formula 1 world championship. Jean-Paul Driot had only raised half of the 15 million francs deemed necessary and had not paid the 500,000 dollar deposit requested by the Fédération internationale de l'automobile on time. Due to an insufficient budget, the team stopped testing its GD-01 single-seater to redirect itself towards the 1996 international Formula 3000 championship with Jean-Philippe Belloc and Laurent Redon.