15.09.2009
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
About Steve Davies
Steve is a media, venture, and technology advisor and a former Partner at KPMG Consulting, PriceWaterhouse Coopers and Managing Partner at EIM - his clients range from global web and media companies to small start-ups. He formed Drivers Republic (DR) in 2007, the UK's first digital automotive magazine, with a team of EVO and Autocar writers before creating SkiddMark, and also writes as a guest contributor on Unruly Media’s Meme Machine blog and for Econsultancy’s digital marketing blog.
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2 Comments
Archie Davies
September 16, 2009good to hopefully have or keep an F1 team, should make things even more interesting for 2010, not saying they’re not already interesting now
Archie Davies
September 16, 2009good to hopefully have or keep an F1 team, should make things even more interesting for 2010, not saying they’re not already interesting now