The team was founded in 1996 by Gerold Ried to compete in the BPR Global GT Series, entering two GT2-specification Porsche 911 GT2s, numbered 51 and 69, each earning six points in the Teams Championship. In 1997 Proton competed in the inaugural FIA GT Championship season with one 911 GT2, earning a single point. The team also competed at that year's Daytona 24 Hours, finishing 27th overall. Between 1998 and 2002 the team saw little success, mostly operating as a platform for the father-and-son partnership of Gerold and Christian Ried using the same 911 GT2. In 2003 the team moved down from GT to N-GT after acquiring a Porsche 996 GT3-RS, picking up one point at the final round in Monza.
Results improved in 2004, with the team finishing fourth in the Teams Championship; their best race finish was third at the opening round in Monza. In 2005, Proton finished second in the Teams Championship with 45 points, though the GT2 class that season was dominated by Gruppe M Racing, who won every race, finishing 135 points ahead.
For 2006, the team rebranded as Team Felbermayr-Proton after Horst Felbermayr Sr. became part of the team, and introduced a new light blue livery. The driver pairing of Christian Ried and Horst Felbermayr Jr. finished eleventh in the Drivers Championship, and the team finished fifth in the Teams Championship.
In 2007 the team moved into the Le Mans Series, fielding three cars in the GT2 class. Car No. 77, a Porsche 997 GT3-RSR driven by Marc Lieb and Xavier Pompidou, took second in the Teams Championship, three points behind winners Virgo Motorsport; Lieb and Pompidou also finished second in the Drivers Championship. Car 77 won three of the six races. The team also made its Le Mans 24 Hours debut that year, partnering Seikel Motorsport; the car qualified 52nd of 54 and retired after 68 laps with an electrical problem.
The 2008 LMS campaign again saw car 77 finish second in the Teams Championship, five points behind Virgo Motorsport, with Marc Lieb now joined by Alex Davison. The team made its full Le Mans debut — without Seikel partnership — finishing fifth in class with Horst Felbermayr Sr., Davison, and Wolf Henzler.
The 2009 LMS season was the team's most successful to that point. Marc Lieb and Richard Lietz in car 77 won three of five races and took both the LMS GT2 Teams and Drivers Championships, with Lieb and Lietz beating Rob Bell and Gianmaria Bruni by one point in the Drivers standings. At the 2009 Le Mans 24 Hours, car 77 qualified second in the GT2 class — 0.030 seconds behind Flying Lizard Motorsports — but retired after just 24 laps when it ran out of fuel.
In 2010, the team defended both LMS titles and won the inaugural Intercontinental Le Mans Cup, earning 72 points, 15 ahead of AF Corse. At the 2010 Le Mans 24 Hours, car 77, driven by Lieb, Lietz, and Henzler, took the GT2 class victory, beating Ferrari, Corvette, and fellow Porsche factory teams. It was Lieb's second Le Mans class victory and Lietz's second as well. Car 88 finished eighth in a competitive GT2 field.
The 2011 Le Mans Series saw the GT2 class split into LM GTE Pro and LM GTE Am. The team ran car 77 (2011-spec 997 GT3-RSR) in GTE Pro, finishing third in the Teams Championship, and car 88 (older GT3-RSR) in GTE Am, also finishing third, with a win at the opening round at Paul Ricard. In the 2011 ILMC, the team competed in GTE Am under the restored Proton Competition name with Christian Ried driving in almost every round, finishing third in the championship.
At the 2011 Le Mans 24 Hours, the team entered three cars. Car 77 (Lieb/Lietz/Henzler) was the only one to finish, placed fourth in class. Car 63's race ended near dawn on lap 199 when a Corvette C6.R driven by Jan Magnussen, then leading in GTE Pro, tried to lap the Proton car on the inside of the Porsche Curves, went onto the grass, and spun into the driver's side of the Porsche, injuring Felbermayr Sr., who at the time was the oldest driver competing at Le Mans in 2011.
In 2012, Proton Competition announced a campaign in the inaugural FIA World Endurance Championship season, with Marc Lieb and Richard Lietz in the GTE Pro car and Christian Ried alongside Gianluca Roda in the GTE Am Porsche.
At the 2015 Le Mans 24 Hours, Proton Competition teamed with Dempsey Racing under the Dempsey/Proton Racing banner. The No. 77 Porsche 911 RSR, driven by Marco Seefried, Patrick Long, and Patrick Dempsey, qualified fifth and finished second in the LM GTE-Am class.
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