BMW to withdraw from F1?

Jami6989 · #1 (**permalink**) 07-29-2009, 03:07 AM

BMW May Announce Formula One Withdrawal Today, Autosport Says
2009-07-29 01:35:04.661 GMT

By Beth Mellor
July 29 (Bloomberg) -- Bayerische Motoren Werke AG may today announce its withdrawal from Formula One at the end of the current season, Autosport magazine reported on its Web site, citing an invitation to an emergency meeting for reporters today.
BMW’s briefing will be hosted by Chief Executive Officer Norbert Reithofer, Klaus Draeger, director for development, and Mario Theissen, motor sport director, the magazine reported.
BMW’s invitation says the meeting is being held because of “current developments in motor sport,” the magazine reported, while saying officials at BMW declined to comment.

Jami6989 · #2 (**permalink**) 07-29-2009, 09:17 AM

Confirmed!

URGENT Formula One: BMW to quit Formula One at end of
2009-07-29 08:14:54.823 GMT

season

BERLIN, July 29, 2009 (AFP) - German car maufacturer BMW announced on Wednesday that they will pull out of Formula One at the end of this season.
"The BMW Group will not continue its Formula One campaign after the end of the 2009 season," the Formula One team said in a statement.
fbe/ea09

DesperateSP2 · #3 (**permalink**) 07-29-2009, 11:59 AM

As usual BMW management is much wiser than others.

drthompson65 · #4 (**permalink**) 07-29-2009, 05:53 PM

Rumor has it Kubica is being looked at by Ferrari for Massa's ride as soon as Valencia.

For a small privately held company I didn't see how much longer they could hammer it out with Ferrari (Fiat) and Mercedee Benz.