Sebastian Loeb of France powers his Citroen DS3 through the second stage of the Rally New Zealand, round 7 of the World Rally Championship, in Auckland on June 22, 2012 - AFP

Citroen WRC survives budget slashing

Citroen WRC survives budget slashing

By AutoSport
Last update The 18/07/2012 at 10:48 -
By AutoSport - The 18/07/2012 at 10:48
The Citroen World Rally Team has confirmed the redundancies and financial cutbacks announced by the French manufacturer last week will not affect the firm's commitment to the World Rally Championship.

PSA Peugeot Citroen revealed 8,000 redundancies and the loss of one car-producing factory on Thursday last week after it was announced that it had sold 13 per cent less cars around the world in the first half of 2012 compared with the same period in 2011.

There was immediate concern that Citroen's WRC campaign could be cut, in the same way Peugeot's endurance effort was canned at the turn of the year.

A spokeswoman from Citroen Racing said: "The announcement of last week won't impact our WRC programme. However, we are doing our best to look at options to reduce the financial support of the brand in our sporting package."

Citroen has existing driver contracts with Sebastien Loeb, Mikko Hirvonen, Nasser Al-Attiyah and Thierry Neuville. Loeb is currently considering a clause in his contract which would allow him to walk away from the team with which he has won eight world titles, if he should decide to retire at the end of 2012.

A decision from Loeb is expected in the coming weeks.