The Gigawave Motorsport team, which was set to represent Nissan in this year's new FIA GT1 World Championship, is to close down according to a report in this week's AUTOSPORT magazine.
Gigawave was Nissan's development partner on the V8-engined GT-R project in 2009, and was due to have coordinated sale of cars and spares for the Japanese manufacturer this year. The company has not yet officially confirmed its decision, but AUTOSPORT reports that financial problems were behind the move.
Nissan, which is now looking for a new European agent and team to run a pair of its GT-Rs in 2010, still has two cars entered in the FIA GT1 World Championship with the Swiss Racing Team.