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BonneMe
 
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Peugeot OUT in LeMans/ALMS/WEC

Oh snap! Will ACO ease up on gasoline LMP1 cars more to give Audi real competition, or will they run off with it and quit in a few years.. Private teams will still run a 908 at LeMans this year hopefully? I definitely rooted for Audi over the surrender monkeys, but this isn't good for anyone All good things and all that I suppose.



Quote:
Jan 18 (Reuters) - Former winners Peugeot will not enter this year's Le Mans 24 Hours race after announcing on Wednesday that they had pulled out of the new FIA world endurance championship for financial reasons.

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

Peugeot last won Le Mans in 2009, with their diesel cars finishing second, third, fourth and fifth behind the number two Audi last year.

Audi have won the race 10 times in the last 12 years.

PSA Peugeot Citroen, Europe's second-biggest car maker, is struggling to rein in costs and revive flagging sales after a series of profit warnings. In October, Chief Executive Philippe Varin announced plans to save an additional 800 million euros ($1.03 billion) this year, including some 6,000 job cuts.

Jean Todt, president of the governing International Automobile Federation (FIA) who managed Peugeot's team when the carmaker won Le Mans in 1992 and 1993, was disappointed by the decision.

"To lose such a strong player like Peugeot is bad news, indicating what a tough period the automotive industry is going through, and this group in particular," he said in a statement.

/snipped

/me trying to get big into sports car racing this year and make a little content...
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Old 01-18-2012, 05:25 PM BonneMe is offline  
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mekilljoydammit
[H]Cars refugee and rotary whore at large
 
Keeping up with this on some for-pay news sites... no. No privateers, no nuzzink.

Boo.
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Old 01-19-2012, 07:08 AM mekilljoydammit is offline  
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Typhoon43
 
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Wondering how many I'll see at Rolex this year. I really hope this isn't a trend with manufacturers.
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Old 01-19-2012, 07:32 AM Typhoon43 is offline  
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mekilljoydammit
[H]Cars refugee and rotary whore at large
 
Rolex is looking to have a pretty good entry field; bunch of new manufacturers coming in the GT side, new look on the DP cars. ALMS and the rest of the WEC teams seem to be doing okay; new cars and teams coming onboard there as well. Peugeot just decided to be pansies.
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“We thought it must be possible to make an interesting living messing about with racing cars and engines." -Keith Duckworth

Driving: A nice practical sedate car... '03 WRX
Shooting: Canon P, Zorki 6, Nikon D5100, 1911, FAL
Old 01-19-2012, 04:45 PM mekilljoydammit is offline  
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