Peugeot, Citroen to ditch rally racing

4th November 2004, Comments 0 comments

PARIS, Nov 4 (AFP) - French stables Peugeot and Citroen will end their involvement in the world rally championship circuit at the end of 2005, their parent company PSA announced here Thursday.

PARIS, Nov 4 (AFP) - French stables Peugeot and Citroen will end their involvement in the world rally championship circuit at the end of 2005, their parent company PSA announced here Thursday.

The news comes as a shock since Citroen have recently picked up both the constructors' title and, through Frenchman Sebastien Loeb, the drivers' title. Peugeot came fourth in the constructors’ standings.

PSA said the market had forced them to put the brakes on their commitment to rallying, although they would be looking for other, less expensive avenues in sport in which to invest.

"Given the current economic climate in the industry PSA Peugeot Citroen has decided not to commit to the world rally championship beyond 2005," said a statement from PSA.

"In 2005 we will be studying alternative ways in which to keep in interest in the world of sport with a reduced budget.

"As soon as we know, Citroen Sport and Peugeot Sport will announce which disciplines we will be investing in beyond 2005."

On Tuesday, Ford, who have put their Jaguar Formula One motor racing team up for sale, said they would be staying in rallying for the next four years.

© AFP

Subject: French News

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