Peugeot Withdraws from 2012 Le Mans Amid Economic Pressure
Peugeot has confirmed it will not compete in the 2012 24 Hours of Le Mans or any endurance racing, citing the challenging economic environment in Europe.
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Peugeot has confirmed it will not compete in the 2012 24 Hours of Le Mans or any endurance racing, citing the challenging economic environment in Europe.
PSA Peugeot Citroën has announced plans to cut 5,000 jobs in Europe as part of an €800 million cost-saving drive following profit warnings and market challenges.
Peugeot confirmed plans to start local production of the 3008 compact SUV in China from 2012, targeting a growing market but facing strong competition from established rivals.
Peugeot has unveiled the 508 RXH, a diesel-electric hybrid estate with all-wheel drive and upmarket ambitions, before its official debut at the 2011 Frankfurt Motor Show.
BMW and PSA Peugeot Citroën have signed a memorandum of understanding to jointly develop hybrid components for future front-wheel-drive vehicles, aiming to cut costs and accelerate electrification.
Peugeot’s EX1 concept, unveiled in 2010 for the marque’s bicentenary, combined radical design with a 250 kW electric drivetrain and set multiple acceleration records.
Peugeot Sport Total took a commanding 1-2 victory at the 2009 24 Hours of Le Mans, breaking Audi’s winning streak and securing the marque’s first win at the event since 1993.
Peugeot broke Audi’s run at the 2009 24 Hours of Le Mans, with the 908 HDi FAP securing a dominant 1-2 finish in a race marked by reliability and pace.