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Michael Shank Racing stripped of 3rd-place finish

Updated: January 31, 2013, 11:55 PM ET
Associated Press

DAYTONA BEACH, Fla. -- The third-place finisher in last weekend's Rolex 24 at Daytona has been hit with harsh penalties for a rules violation.

Grand-Am Road Racing stripped the No. 60 Ford Riley of Michael Shank Racing of its podium finish, $35,000 in prize money and 30 championship points.

The sanctioning body discovered mechanical adjustments to the car's engine, which resulted in "performance levels outside the documented maximums."

Shank says the team is "as surprised about ...

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