PSA said the state of the market had forced them to put the brakes on their commitment to rallying, although they would be looking for other, less expensive avenues in sport in which to invest.
"Given the current economic climate in the industry PSA Peugeot Citroen has decided not to commit to the world rally championship beyond 2005," said a statement from PSA.
"In 2005 we will be studying alternative ways in which to keep in interest in sport with a reduced budget."
............ are they serious !!!