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BMW pulling out Formula One
Source: Agencies |
July 29, 2009, Wednesday
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Online Edition
Online Edition
GERMAN car maker BMW is pulling out of Formula One at the end of this season.
The company announced the decision at a news conference today.
BMW will remain involved in motor sport but not in Formula One.
BMW was involved in F1 in the 1980s before pulling out, returning as an engine supplier to Williams in 2000. It took over the Sauber team in 2005. Its only Formula One win was in the 2008 Canadian Grand Prix and has had a disappointing 2009 season.
Japanese car maker Honda pulled out of F1 ahead of this season.
The company announced the decision at a news conference today.
BMW will remain involved in motor sport but not in Formula One.
BMW was involved in F1 in the 1980s before pulling out, returning as an engine supplier to Williams in 2000. It took over the Sauber team in 2005. Its only Formula One win was in the 2008 Canadian Grand Prix and has had a disappointing 2009 season.
Japanese car maker Honda pulled out of F1 ahead of this season.
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