The following years, Scuderia Lavaggi was strongly affected by the financial crisis started in USA, which expanded soon in the rest of the world.

The sponsors who were supporting the Lavaggi LS1 project disappeared and Giovanni had to face the racing seasons and the car’s updates imposed by the rules changes, with his own resources.

Since I was a little boy, the high admiration I always felt for the real big names in the motorsport world, was making me dream that I could be able to emulate them one day.

May be the fact of being born on 18th February, exactly the same day as Enzo Ferrari, has influenced my destiny by an unknown astrological effect and keeps my passion burning."

[5] Two races later, at the LMS season finale (the 1000 km of Jarama), the car competed for the first time, with Lavaggi partnering Xavier Pompidou.

In fact, at the end of the season, Lavaggi stated that he hadn't had a single mechanical issue apart from the engine failures, with the rest of the car proving reliable despite having covered around 2,500 km (1,553 mi), and the limited testing the team had done.

[10] Despite the poor financial situation, and the changes to the LMP regulations for 2009, imposing heavy modifications to the car, Lavaggi opted to carry on running the LS1 for another season.

[12] One more LMS entry would follow, in the fourth round of the series (the 1000 km of Nürburgring), but this time the car lasted little longer than 40 minutes, and 21 laps, before being retired because of a clutch failure.