BMW may sell F1 Team

In a press release made yesterday, a press release by BMW AG, we find that the the F1 Team could be sold to Peter Sauber. We find also that the Sauber’s work team employees will fall from 388 to 250. From Press Release: “BMW AG reached an agreement with Peter Sauber regarding the sale of the BMW Sauber F1 Team. The contract is subject to the condition that the team has a starting place for the 2010 Formula 1 season.”

Dr Klaus Draeger, Member of the Board of Management of BMW AG with responsibility for Development, stated this morning: “We are very happy with this solution. This fulfils the most important requirement for a successful future for the team”.

“Our relationship with Peter Sauber has always been excellent and marked by absolute respect. We would like to express our thanks to Peter Sauber and the whole team for the excellent cooperation during the recent four years.” Peter Sauber said that he is relieved that they found this solution, which means that that they can keep the Hinwil location.

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