PARIS (Reuters) - Former winners Peugeot will not enter this year's Le Mans 24 Hours race after announcing on Wednesday that they had pulled out of the new FIA world endurance championship for financial reasons.
"This decision has been taken in the context of a difficult economic environment in Europe," the French carmaker said in a statement on the company website. "Peugeot has chosen to concentrate resources on its sales performance in 2012."
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