Renowned Porsche driver Alex Davison will return to the Carrera Cup this year with the newly formed President Limo Racing.

Davison heads into the season tipped among the favourites to take out the title after finishing runner-up to young gun Matt Campbell, who will compete in Europe’s Porsche Supercup this year.

The 2004 Porsche Carrera Cup champion joins the new President Limo Racing operation, run by Ash Seward Motorsport, after a successful campaign with Buik Motorsport last year.

Davison enters this weekend’s Clipsal 500 season opener as one of two winners of the Adelaide round in the field.

The Queensland-based driver won on the Adelaide streets in 2012 while Nick McBride enters the event as defending round winner.

“It’s really exciting to be part of the Carrera Cup championship again this season,” said Davison.

“As usual the field is really competitive and, once again, we have an awesome race calendar.

“I’m excited to be part of the newly formed President Limo Racing. George Kenyeres is a great supporter of Carrera Cup and it’s great that he’s stepped up his involvement with this team.

“My goal this season is to go one better than the last.

“I have a really good team looking after my car in Ash Seward Motorsport and I’m confident that we can fight for race and round victories throughout the season.

Hopefully I am in a position to take the title when we line up for the final round in Gold Coast.”

The 2017 Porsche Carrera Cup season begins with three 20 laps races this weekend.