Peugeot 'Never Again' in F1

French car manufacturer Peugeot have made it clear that their recent decision to leave Formula One is final, saying they will never again compete in Formula One.

Peugeot 'Never Again' in F1

French car manufacturer Peugeot have made it clear that their recent decision to leave Formula One is final, saying they will never again compete in Formula One.

The President of Peugeot, Frédéric Saint-Geours, spoke at a press conference, saying that he was relieved that the company were no longer involved in Formula One.

"I want one thing to be made totally clear," he said, "and that is that we are pulling out of Formula 1 for good. In life, one must never say never, but if you want my opinion, it is that Peugeot will never again race in Formula 1. We have even stipulated in the contract with AMT that we will not do so for the next five years."

He explained that the decision was a financial one, saying: "We came to this decision way back in November 1999 because we simply do not believe that the massive investments in Formula 1 are justified by the returns."

"I maintain that even though we are in a period when many major manufacturers are deciding to enter Formula 1, we have the right to have a different opinion and to adopt different sporting and commercial strategies," he added.

After entering Formula One in 1994 with McLaren with a fourth place in the Constructors' Championship, Peugeot have only achieved at best moderate success with Jordan and Prost, with Prost yet to score a point so far this year.

At the end of the year, Asia Motor Technologies will buy all Peugeot Sport's resources so they can supply Arrows with engines next year, while Peugeot Sport's headquarters will close at the same time.

However, their withdrawal from Formula One does not mean a total withdrawal from motorsport for Peugeot. "We will continue to compete in the World Rally Championship, but Formula 1 is not for us," confirmed Saint-Geours.

shares
comments
Burti on pole for Jaguar seat
Previous article

Burti on pole for Jaguar seat

Next article

Italian teams testing at Fiorano

Italian teams testing at Fiorano
The relaxed home life that helps F1’s Danish superstar to deliver Plus

The relaxed home life that helps F1’s Danish superstar to deliver

The unrelenting grasp of the tax man prompts most racing drivers to move to the likes of Monaco, Switzerland or Dubai. But, as OLEG KARPOV found out, Kevin Magnussen is quite happy where he is, thank you very much – at home, with his family, in Denmark

How Perez has shown what many F1 drivers need from the 2022 season run-in Plus

How Perez has shown what many F1 drivers need from the 2022 season run-in

OPINION: Sergio Perez’s Singapore triumph arrested a big decline in his Formula 1 performances against Max Verstappen at Red Bull since his Monaco win. He now needs to maintain his form to the season’s end, while others are also seeking a change in fortunes

How the FIA should punish any breaches of the F1 cost cap Plus

How the FIA should punish any breaches of the F1 cost cap

OPINION: On Wednesday, the FIA will issue F1 teams with compliance certificates if they stuck to the 2021 budget cap. But amid rumours of overspending, the governing body must set a critical precedent. It needs to carefully pick between revisiting the bitterness of Abu Dhabi, a contradictory punishment and ensuring parity for the rest of the ground-effect era

Formula 1
Oct 4, 2022
Singapore Grand Prix Driver Ratings 2022 Plus

Singapore Grand Prix Driver Ratings 2022

A testing return to the Singapore Grand Prix in tricky conditions created plenty of hazards and mistakes for the Formula 1 drivers to fall into. That partly explains a number of low scores, including from a handful of high profile runners, allowing others to take a starring role under the floodlights

Formula 1
Oct 3, 2022
The two key contributors to Leclerc's defeat to Perez in F1's 2022 Singapore GP Plus

The two key contributors to Leclerc's defeat to Perez in F1's 2022 Singapore GP

In a marathon Formula 1 Singapore Grand Prix, Sergio Perez’s victory was only assured hours after the race due to a stewards investigation. Throughout the contest the Red Bull driver impressively held off Ferrari’s Charles Leclerc in changing conditions to see the Mexican pull out enough of an advantage to negate his post-race penalty

Formula 1
Oct 3, 2022
The time-honoured manufacturer model that can't apply to all F1 teams Plus

The time-honoured manufacturer model that can't apply to all F1 teams

What happens, asks MATT KEW, if the old adage of win on a Sunday, sell on a Monday is no longer true for F1 manufacturers?

Formula 1
Oct 2, 2022
Why is Oscar Piastri F1's most sought-after rookie? Plus

Why is Oscar Piastri F1's most sought-after rookie?

The Australian rising star is fast, consistent, confident, adaptable and has shown excellent racecraft, but there’s already a taint to his reputation. That hasn’t stopped him becoming the hottest property in this year’s F1 driver market and why McLaren moved fast to snap up the 21-year-old

Formula 1
Sep 30, 2022
The unintended benefit that F1's new engine rules era will deliver Plus

The unintended benefit that F1's new engine rules era will deliver

Formula 1's incoming engine rules shake-up has multiple targets. But it may also solve what has been a bone of contention since the hybrids arrived in 2014. The new plan will allow the series to pump up the volume

Formula 1
Sep 29, 2022