Peugeot says 'that's it'.
Peugeot has vowed never to return to Formula One, following a disappointing campaign with McLaren, Jordan and Prost in recent seasons.
The French company sold its grand prix engine development arm to Asian Motor Techniques [AMT] late last month, and has apparently included a clause in the sale contract promising not to return to the top flight inside five years. In reality, however, it could be a lot longer before the lion symbol is again seen on an F1 car.
Peugeot has vowed never to return to Formula One, following a disappointing campaign with McLaren, Jordan and Prost in recent seasons.
The French company sold its grand prix engine development arm to Asian Motor Techniques [AMT] late last month, and has apparently included a clause in the sale contract promising not to return to the top flight inside five years. In reality, however, it could be a lot longer before the lion symbol is again seen on an F1 car.
''I want one thing to be totally clear,'' company president Frederic Saint-Geours was quoted as saying, ''We are pulling out of Formula One 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 One.''
AMT will team up with the Arrows team in 2001, leaving Alain Prost to source a new powerplant for his troubled team. Mugen and Ferrari are touted as his best options, although Supertec may now have softened its opinion about supplying the French outfit.
