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PSA to end WRC assault after 2005
PSA to end WRC assault after 2005
Spain - Citroën - 04/11/2004 12:59:39
Peugeot and Citroen have announced that they will no longer continue to compete in the World Rally Championship from the end of 2005. Their parent company has cited tough conditions in the car market as the reason for its withdrawal.
In a statement, the PSA Peugeot Citroen group said: “In five consecutive years of competition in the World Rally Championship, Peugeot and Citroën have won five manufacturers titles and three drivers titles. These results reflect the diligent, passionate determination of each marque, backed by a substantial financial commitment to motor sports competition.
"Due to tougher conditions in the car market, new opportunities in motorsports will be reviewed in 2005, with a view to enabling the Group to significantly cut its sports budgets Peugeot and Citroën will remain strongly committed to the World Rally Championship in 2005. However, PSA Peugeot Citroën has decided that the marques will no longer take part in the WRC beyond that date. At the appropriate time, Citroën Sport and Peugeot Sport will announce the sports in which they will participate after 2005."
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