Peugeot is retiring from the 2012 Le Mans image

Peugeot has recently announced that it will retire from this year’s 24 Hour Le Mans because of the hard economic climate in Europe.

According to the French based car manufacturer, Peugeot won’t enter this year’s famous 24 Hour Le Mans and it will also retire from every endurance race. Peugeot would rather focus on increasing the sales of production cars and the 24 Hour Le Mans race will be left aside, even if the company has been the main rival of Audi ever since 2007 and the most important victory came in 2009 with the 908 prototype. With the Peugeot retiring from the race, Toyota and Audi will be the only manufacturers left in the LMP1 class this year.

“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. I believe that it is especially true that in tough times one should find ways of expressing full commitment, rather than pulling out. But we can only respect their choice and hope that they can come back soon at the highest level of motorsport”, said the president and governing FIA, Jean Todt, who also managed the Peugeot team when the automaker wont the 1992 and 1993 Le Mans.

Besides Audi and Toyota, who will battle each other in the LMP1 class of 24 Hour Le Mans, Porsche has announced a comeback for 2014.