France's stock market is going to drop Peugeot, once one of the world's best-known automakers, from its index of the 40 top French companies. It caps a lousy year for the once highly regarded Peugeot, the Associated Press reports.

The Paris bourse will drop PSA Peugeot Citroën from its CAC-40 index, the exchange operator said.

Peugeot, once a well-known brand in the U.S. as well as Europe, has been a part of the index since it was created in 1987. It's still a name-brand company in France -- and has made some pretty good and tough cars over the years. But most recently, Peugeot has fell on tough times because of lessening demand in Europe, where economic trouble is still in full flower, and Asian imports. Peugeot stock has fallen 7% in the past year.

General Motors still has a 7% ownership share of Peugeot. Peugeot had no comment to the AP.