Larsen Racing System
 LRS
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| Full Name | Larsen Racing System |
| Base | Anderstorp Raceway, Sweden |
| Founder(s) | Björn Larsen
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| Team Principal(s) | 1989-1997Björn Larsen 1998- Andreas Larsen
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| Technical Director | |
| Current Drivers | Group B Rallycross Opel by Larsen Racing System Template:DEN 4.Christian Poulsen Template:FRA 40.Jean-Philippe Fournier  400.Pedro Poole LRS Junior Team 44.Wilhelm Lax 404.Andreas Larsen Touring Car World Series Aron Kagstrom
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| Other Noted Drivers | Slim Borgudd
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| Debut | 1989 WTCM Round 1 |
| Races | 19 |
| Constructors' Championships | 0 |
| Drivers' Championships | 0 |
| Race Wins | 0 |
| Podiums | 0 |
| Points | 75 |
| Pole Positions | 0 |
| Fastest Laps | 0 |
Larsen Racing System (shortened to LRS) was a Swedish racing team founded by former works Saab WSRC driver Björn Larsen to enter the WTCM touring car series in 1989. It initially ran Larsen's then-21yr old son, Andreas in the series, running a privately entered Volvo 240 Turbo.
After initial success in its debut season, winning the 1989 WTCM Independent's Championship with Slim Borgudd, (with Larsen 5th in the final standings) with a highlight being a 7th place overall finish at Bathurst, the team continued to run primarily Scandinavian drivers in various international touring car series throughout the 1990s, becoming a well-established privateer outfit for both Volvo and Opel at times.
By 2019, it has expanded into a number of series, including the new Touring Car World Series as Volvo's works team, and as "Opel by Larsen Racing System" running the eponymous German manufacturer's team in Group B Rallycross.