Peugeot withdraws from Le Mans endurance racing due to economic reasons

Article by Christian Andrei, on January 18, 2012

Peugeot announced today that after 14 victories in the last 16 races, including a double at the Le Mans 24 Hours 2009 as part of the ILMC championship, it will close its 2012 endurance programme and abandon this year’s Le Mans 24 Hours. According to the French manufacturer, this decision was taken due to the challenging economic environment in Europe but also due to the firm’s intention to launch new vehicles this year.

In addition, Peugeot added that it prefers to concentrate its resources and ensure the successful launches of the 208, 3008 HYbrid4, 508 RXH, 508 HYbrid4 and 4008 models.

Moreover, Peugeot added that the all of the employees concerned will be offered redeployment solutions within the Group thanks to a special system set up to oversee and lead occupational training/retraining as well as internal mobility.

"This decision has been taken in the context of a difficult economic environment in Europe," the Peugeot brand said in a statement on its website. "Peugeot has chosen to concentrate resources on its sales performance in 2012."

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