BMW have announced what appears to be a hastily convened press conference at its headquarters in Munich. It has been suggested that the German giant could be set to announce its departure from Formula One at the end of the current season. The press conference will be held in the next few hours.
Heading the press conference will be BMW Chairman, Dr Norbert Reithofer and he will be accompanied by senior executives Dr Klaus Draeger, Director for Development, and Mario Theissen, BMW Motorsport Director.
BMW are believed to be close to signing a Concorde Agreement that would commit the team to Formula One through to the completion of the 2012 season. However, this new revelation clearly puts that commitment in serious doubt.
So, BMW could be set to follow Honda and quit F1. Quite where that would leave the Sauber compnent of the BMW Sauber team is anyone’s guess at the moment.
Perhaps the only other news from BMW Motorsport that would generate such heavy hitters at a press conference would be an unlikely announcement that they have lured Michael Schumacher out of retirement.
[Source: autosport | Thanks to Chris for the tip]
2 replies on “Rumour: BMW set to quit F1?”
Hey maybe that is why Schumacher has come out and say that he is not going to race in place of Massa! Haha wishful thinking.
Haha, yeah, I was being a bit cheeky with that last para. 😛