Didn't Peugeot run a Hybrid car at LM last year?
Maybe the aforementioned is right - maybe they are cutting their losses on the 2012 season, with a full hyrid offering on the cards for 2013, or 2014, with a view to challenging Toyota. Maybe this isn't so bad afterall....If it is anywhere near being clear that Toyota could challenge Audi with the Hybrid, then Peugeot will have a years development on Audi, and you would THINK they'd be that much more ready to challenge.
Or maybe....Peugeot have decided that because I'm not going to LM this year, that it's just not worth competing