On April 24, 1998, Panoz Auto Develoment Company issued a press release announcing the addition of Raul Boesel to its U.S. sports car racing team.  In addition to his duties driving for McCormack Motorsports in the Indy Racing League, Raul will also drive the Panoz GTR-1 sports car.  Panoz developed the GTR-1 in a partnership with the Reynard Special Vehicle Projects and Roush racing.  Reynard, who designs CART and other open-wheel formulas, developed a sleek, unusual design for the Panoz, often compared with the "Batmobile".   Jack Roush, who also provides engines for NASCAR, provided the powerful Ford V8 engine.

Raul piloted the GTR-1 in 7 events in 1998:

1998 Panoz Sportscar Schedule

Event	Date	Sanctioning Body	Co-driver(s)	Raul finished
24 Hours of Daytona	1/31/98-2/1/98	USRRC	Bundy, Pruett, Wallace	12th
Las Vegas Nevada GP	4/26/98	PSCR	Bernard	16th
Limerock GP	5/25/1998	PSCR	Bernard	2nd
Mid-Ohio Road Racing Classic	6/14/98	USRRC	Bernard	2nd
Sportcar GP at Road America	6/21/98	PSCR	Bernard	8th
Mosport Festival	8/9/98	PSCR	Bernard	4th
First Union Six Hours at the Glen	8/23/98	USRRC	Bernard, Wallace	2nd

USRRC events - 3 out of 5 events - finished 8th overall with 51 points.

PSCR events - 4 out of 9 events - finished 4th overall with 84 points.

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