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."

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Car enthusiasts will be happy to know that after 14 years of not being seen in the tracks, Cadillac is slated to make a comeback to endurance racing. Cadillac has...
by - December 2, 2016
Nico Rosberg of Mercedes-Benz was crowned as the victor of the 2016 FIA Formula One World Championship in a thrilling finish. The last leg of this season was the Abu...
by - November 29, 2016
If you’re going to quit, at least do it with a loud bang. This is what just Volkswagen and Audi did in their last races of the 2016 season. In...
by - November 24, 2016
Nissan has finally unveiled its racer for the upcoming 2017 season of the Japanese Super GT Series – the 2017 Nissan GT-R Nismo GT500. Apparently, Nissan has made a number...
by - November 15, 2016
You will likely see two new models for the NSX going around the racing circuits this 2017. One of which is the Acura NSX-GT, which will be joining the Supercar...
by - November 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries