Castellotti was considered the greatest Italian driver since Alberto Ascari. In 1958, Castellotti's friend Giuseppe Corsi founded Scuderia Castellotti in Lodi to honour his memory. The team used modified Ferrari Tipo 553 2.0-litre engines bored out to 2.5 litres and rebranded as "Castellotti", with "Eugenio" on the cam covers. The cars were easily distinguishable from other F1 T51s in that their exhausts were fitted on the left, while all other engines used in T51s had their exhausts on the right. The team competed in four events in 1960 with Italian drivers Gino Munaron, Giorgio Scarlatti and Giulio Cabianca. Cabianca scored the team's first championship points by finishing fourth at the 1960 Italian Grand Prix. The team folded in 1961 after Cabianca fatally crashed in the same autodrome where Castellotti had his accident. Castellotti's legacy has been honoured by Club Auto Moto Storiche Castellotti in Lodi.