Formula One news

BMW confirms F1 commitment

After Honda's shock announcement that it would withdraw from F1 immediately, the BMW team has moved to quash any speculation that they could follow suit, by confirming its commitment to F1.

"It is with regret that we learnt of Honda's decision. It has no bearing on BMW's involvement in Formula One," said BMW board member Dr. Klaus Draeger. "Our F1 involvement is an integral part of the company strategy. There is no better platform than Formula One for demonstrating our brand values. BMW, moreover, makes targeted use of the Formula One project as a technology accelerator for series production."

"With the BMW Sauber F1 Team, we have from the start focused on high efficiency and have achieved our successes with a compact and powerful team," he added. "The cost-benefit ratio is commensurately positive. The measures now proposed by FOTA for significant cost cuts starting as early as season 2009 are a further important contribution."

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• 05 Jul.
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• 04 Jul.
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• 03 Jul.
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• 02 Jul.
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• 01 Jul.
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• 30 Jun.
  • GPUpdate TV: Dixon leads Ganassi 1-2 at Richmond

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