2011 saw the return of a Pescarolo works team under the form of a new team named Pescarolo Team, succeeding to Pescarolo Sport, being bankrupt in July 2010 after their financial difficulties. Pescarolo Team raced in the LMP1 class in the 2011 Le Mans Series season at the 2011 24 Hours of Le Mans. OAK Racing raced their own modified version of the 01 with two LMP1 cars and two LMP2 cars. The No. 35 OAK Pescarolo 01 finished third in the LMP2 class at the 2011 12 Hours of Sebring, the other two cars OAK Racing brought along (which were LMP1 cars) both retired, one of which led the race overall for a brief period after a full course caution. Pescarolo Team competed at the 6 Hours of Castellet with one car. Pescarolo's return was a dream comeback as they won overall. The grandfathered V10-powered car finished one lap ahead of second place car with Emmanuel Collard, Christophe Tinseau and Julien Jousse piloting the car.