Peugeot confirms withdrawal from sportscar racing

Peugeot has announced that they will withdraw from sportscar racing with immediate effect.

The French manufacturer has cited the current economic climate as the reason for their withdrawl with falling sales clearly a key factor in the decision. A statement from Peugeot said:

“This decision has been taken in the context of a difficult economic environment inEurope. Peugeot has chosen to concentrate resources on its sales performance in 2012.”

The diesel powered 908 had been the only rival to Audi’s recent dominance of sportscar racing and the announcement is a huge blow to the fledgling World Endurance Championship. The sports governing body, the FIA, had hoped to see the two giants of sportscar racing compete throughout the season which is due to start in March.

Peugeot had lots of successes since their 2007 return to racing with the undoubted highlight being winning the 24 Hours ofLe Mansin 2009 and their successes at the Sebring 12 Hours.

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