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Peugeot exiting Le Mans racing effective immediately

by Zach Bowman (RSS feed) on Jan 18th, 2012 at 11:52AM

PSA Peugeot Citroën has announced the French automaker will leave Le Mans racing indefinitely. Reuters reports the manufacturer cites financial issues as the reason for the drastic move, saying Peugeot will now focus its efforts on improving its sales performance in 2012. For its part, Peugeot has issued an official statement confirming the development on its motorsports site, which you can read after the jump. Peugeot is currently Europe's second-largest vehicle manufacturer, though the company has suffered a string of thinning profit reports in recent months. Last year, Phillippe... Read More

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