In 2000, Racing Engineering became the first Spanish team to participate in the 24 Hours of Le Mans, competing in the GT Class with a Porsche 911 GT3-R. Between 2001 and 2006, the team won all six Spanish Formula 3 championships in which it participated — a record for any motor racing team over such a brief period. Drivers who contested the drivers' title included Ander Vilariño (2001), Ricardo Mauricio (2003), and Borja Garcia (2004). Other drivers from this era include Nicolas Prost, Sebastian Vettel, Sébastien Buemi, Álvaro Parente, and Miguel Molina. The team also won the World Series by Nissan team championship in 2002 and finished vice-champions in 2003.
Racing Engineering entered the GP2 Series in 2005 with Neel Jani and recently crowned Spanish Formula 3 champion Borja Garcia, finishing fifth in the teams' championship. In 2006 the team fielded Adam Carroll and Javier Villa, finishing seventh. In 2007 Javier Villa scored three victories. From 2007 onward, all efforts of the Spanish team focused solely on the GP2 Series.
In 2008, Giorgio Pantano claimed the GP2 drivers' title for Racing Engineering; the team finished fourth overall. In 2009, Lucas di Grassi — also serving as third driver for the Renault F1 Team — drove alongside Spanish rookie Dani Clos, who took his first podium at the Portimao round; di Grassi graduated to F1 for 2010.
In 2010, Dani Clos continued with the team alongside Christian Vietoris, vice-champion of the 2009 F3 Euroseries. Clos contended for the drivers' title until the penultimate round and finished one point shy of third; Vietoris won the Monza sprint race from the start. For Abu Dhabi, Vietoris suffered appendicitis and was replaced at short notice by Ho-Pin Tung. Racing Engineering finished fourth in the teams' table.
The 2011 season saw the team compete in the GP2 Asia Series for the first time, with Nathanaël Berthon joining Clos. Vietoris returned for the main series, missed four races through injury, and was replaced by Álvaro Parente. Vietoris won two races; Racing Engineering achieved their best teams' result to that point, finishing third behind Addax and DAMS.
In 2012, Fabio Leimer and Nathanaël Berthon drove for the team; Leimer took six podiums, a pole, and two fastest laps. In 2013, Leimer was crowned GP2 Champion at the YAS Marina Circuit in Abu Dhabi driving for Racing Engineering, while teammate Julián Leal finished 12th. In 2014 the team fielded Stefano Coletti and Ferrari junior Raffaele Marciello, scoring three victories and finishing fourth in the teams' championship.
Alexander Rossi drove for Racing Engineering in 2015 alongside Jordan King, scoring three wins and finishing runner-up in the drivers' championship; the team finished second. In 2016 Racing Engineering again finished second, with Norman Nato and Jordan King combining for four wins. In 2017, Nyck de Vries and Gustav Malja were signed.
In 2018, Racing Engineering returned to endurance racing by entering the European Le Mans Series with an LMP2 car. For 2019, the team transitioned to the NASCAR Whelen Euro Series. Three-time Euro Series champion Ander Vilariño, who had won the 2001 Spanish Formula 3 championship with the team, returned to drive the No. 48 Ford Mustang in the Elite 1 class. He was partnered by 2018 NASCAR Camping World Truck Series Rookie of the Year Myatt Snider in the Elite 2 class. The team also fielded Romain Iannetta and Eric Clément in a No. 88 Ford Mustang across the Elite 1 and Elite 2 classes.
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