Peugeot confirms F1 withdrawal.
As expected, Peugeot will not be directly involved in the grand prix scene next season, following the sale of its engine building arm to Asian Motor Technologies [AMT].
The news will come as no surprise to beleaguered team boss Alain Prost, who has suspected for some time that his French partner would be no longer at the end of the year. The contract between Prost's eponymous team and Peugeot Sport expires on 31 December, but was never likely to have been renewed following the breakdown of relations between the two parties in a stormy three-year partnership.
As expected, Peugeot will not be directly involved in the grand prix scene next season, following the sale of its engine building arm to Asian Motor Technologies [AMT].
The news will come as no surprise to beleaguered team boss Alain Prost, who has suspected for some time that his French partner would be no longer at the end of the year. The contract between Prost's eponymous team and Peugeot Sport expires on 31 December, but was never likely to have been renewed following the breakdown of relations between the two parties in a stormy three-year partnership.
According to Sky Sports text news service, an announcement from Peugeot has confirmed that, from the end of the year, its engine programme will be handled by AMT, and will benefit just the Arrows team. AMT is expected to retain Peugeot's staff and premises in France.
Prost, meanwhile, is left without an engine deal for 2001, and continued to chase possible deals with Mugen, Ferrari and Arrows existing supplier Supertec.
