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It's a miserable day for motorsport - Peugeot's announced that it'll end its endurance racing program, sidestepping this year's wondrous Le Mans 24 hour race for financial reasons.

In a statement issued on Wednesday, Peugeot said: "This decision has been taken in the context of a difficult economic environment in Europe. Peugeot has chosen to concentrate resources on its sales performance in 2012."