[Car home race] Due to the European debt crisis, the European auto market is sluggish, the PSA Peugeot Citroen Group, which is deeply involved in it, announced its withdrawal from the Le Mans endurance race and immediately stopped all endurance racing plans. This move indicates that Peugeot will devote more energy to the research and development of new civilian cars in 2012.
In 2011, approximately 2 million PSA vehicles were registered in Europe, a year-on-year decrease of 6.8%. The main reason is that the Peugeot 207 was hit by a strong impact, which led to a decline in sales. Therefore, Peugeot plans to concentrate resources in 2012 to ensure the smooth launch of the new car 208, thereby replacing the 207 model. At the same time, Peugeot will also launch 4008 and hybrid models 3008 HYbrid4, 508 RXH and 508 HYbrid4.
The Peugeot 908 endurance car has achieved a series of successes in Le Mans, including 14 victories in the past 16 races. The most notable result was that Peugeot beat Audi in 2009, taking the top two of the 24 Le Mans endurance race, ending Audi's five-year winning streak.
It is reported that in 2012, the PSA Group intends to cut costs by 800 million euros and lay off 6,000 employees in Europe (5,000 employees in marketing, sales, IT and R&D departments, 1,000 factory workers). Ironically, a spokesperson for PSA Group stated that its Citroen brand will continue its participation in the WRC World Rally Championship.