Sebastien Loeb will participate in the upcoming Pikes Peak, which takes place June 30, driving a Peugeot 208 prototype, which is currently being prepared in Peugeot Sport. The current record is held by the ramp of Rhys Millen, 9m46.164s, recorded last year, but if the project goes well, it is very likely that the French reach another record to his personal account, leaving how far down can the 9m46.164s.
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Struggling French carmaker PSA Peugeot-Citroen is slashing 8,000 jobs in France and closing an iconic site north of Paris.
Union members said company management announced the job cuts and closure plan during a meeting with the works council. The restructuring plan includes the closure of its Aulnay-sous-Bois factory.
Unions vowed to try to fight back, and plan protests later Thursday.
The company is trying to save €1 billion ($1.2 billion) this year as it struggles to compete in Europe's fiercely competitive car market. It is suffering particularly amid a slump in sales in the recession-hit south of Europe. Its sales plunged 20 percent in Europe in the first quarter.
It is hoping a new alliance with General Motors Corp. will allow it to return to long-term profitability.
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