BMW Sauber to quit F1

[T1M]

BMW announced at an urgent press conference in Munich on Wednesday morning that it will withdraw from formula one at the end of the 2009 season. The decision was made at a board meeting 24 hours earlier.

 

"I can understand why this decision was made from a corporate perspective," said team boss Mario Theissen, who admitted he was disappointed but would push for good results in the seven remaining grands prix.

 

Bernie Ecclestone said earlier he believes the decision was due to a lack of results.

 

"It's a resolute step in view of our company's strategic realignment," said board chairman Dr Norbert Reithofer. "Premium will be increasingly defined in terms of sustainability and environmental compatibility. This is an area in which we want to remain in the lead. We are continually reviewing all projects and initiatives to check them for future viability and sustainability. Our formula one campaign is thus less a key promoter for us."

 

Source

[KoenigseggBG]

Renault are said to quit aswell. Well, F1 has had brighter times...

[Pherelas]

Renault would be a loss, BMW Sauber have been no-where is season.

[weishen]

Toyota is also quiting F1,but 2010 season will be new F1 team coming in like 1 Malaysia F1 team to replace it.

[TDU 505]

That would be Lotus right? With Alex Yoong driving for them?

[weishen]

Yea its Lotus engineered. but is not Alex Yoong who drives it. He is now racing in Macau GP. Maybe Fairus Fauzy is the new driver..