Found it on the Sidebar of the Video you posted. The talking in the beginning is German (unusually interesting) and after a few minutes the racing starts. Impressive driving by that old fart, guess he (Peter Zakowski) wanted to have "his car" look good :-)
http://www.youtube.com/watch?v=F8Sll6fli2Q
"Saturday Qualifying Race from FIA GT1 round 5 @ Portimão, Portugal.
Full stint of Alvaro Parente and most of Grégoire Demoustier (camera dies before checkered flag "
Not sure where I should post this, but I think this will be a good place for it . NASCAR Winston (now Sprint) Cup at Suzuka in 1996 . Pretty good race (though a little messy at times as expected with NASCAR pre-00's)