BMW say goodbye to F1


BMW has announced it’s decision to quit Formula 1 at the end of current season. The team was formed at the end of 2005 as a result of a takeover of Sauber team after their partnership with Williams.

Dr. Norbert Reithofer, chairman of the BMW board, said that the decision was made after a refining of the company’s future strategy.

“Of course, this was a difficult decision for us. But it’s a resolute step in view of our company’s strategic realignment,”

“Premium will increasingly be defined in terms of sustainability and environmental compatibility. This is an area in which we want to remain in the lead. In line with our Strategy Number ONE, we are continually reviewing all projects and initiatives to check them for future viability and sustainability. Our Formula 1 campaign is thus less a key promoter for us.”

“Mario Theissen has been in charge of our motor sports program since 1999. We have scored a large number of successes in this period, including some in Formula 1 racing. I would like to express my sincere gratitude to Mario Theissen and his team for this.”

The decision is in wake of poor form on track after 3 previous promising years. BMW has been a major player in FOTA and its withdrawal from F1 would be a strange move at the moment when the Concorde agreement appears to arrive. Resources freed up as a result are to be dedicated to the development of new drive technologies and projects in the field of sustainability but nothing is conclusive on future of Robert Kubica and Nick Heidfeld.

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