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BMW finds a buyer for its F1 team
15
Sep

BMW finds a buyer for its F1 team

Posted by Steve |   Posted in: Featured Articles, MOTORSPORT   |  0 Comments
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BMW AG has announced that it has reached agreement with Qadbak Investments Ltd, a Swiss-based foundation which represents the interests of certain Middle East and European based families, to purchase the Hinwil based BMW Sauber F1 Team.

What this means for the future of the F1 Team and it’s place in the 2010 season is as yet uncertain, but it should result in jobs being saved at the ex-Sauber factory.

UPDATE: Press release from BMW Sauber F1: “We are pleased to confirm that the FIA has indicated that we may have a place in the 2010 Formula One World Championship. The team expects to line up on the grid for the first race of the 2010 season.”

Reporter: Tony Braybon

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Steve  - Founder of Drivers Republic (DR), business advisor but most importantly a lifelong enthusiast of cars, bikes and anything with an engine.

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This article was written by Steve on Tuesday, September 15, 2009, 12:13. Steve has written 362 articles on this site.

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