In 1988, Team WM Peugeot knew they had no chance of winning the 24-hour endurance race, but they also knew that their Welter Racing designed car had very good aerodynamics. Thus they nicknamed their 1988 entry "Project 400" (aiming to be the first car to achieve a speed of 400 km/h on the famous straight), although the official team entry was named WM Secateva.