BMW to pull out of F1 at the end of 2009 season

BMW to exit F1

BMW to exit F1

About eight months after Honda pulled the plug on Formula One another manufacturer announced its F1 exit. Here is the full news as published by BMW short while ago:

The BMW Group will not continue its Formula One campaign after the end of the 2009 season. Resources freed up as a result are to be dedicated to the development of new drive technologies and projects in the field of sustainability. BMW will continue to be actively involved in other motor sports series. The landmark decision to restructure BMW Motorsport’s activities was made at the Board of Management’s meeting yesterday.

“Of course, this was a difficult decision for us. But it’s a resolute step in view of our company’s strategic realignment. Premium will increasingly be defined in terms of sustainability and environmental compatibility. This is an area in which we want to remain in the lead. In line with our Strategy Number ONE, we are continually reviewing all projects and initiatives to check them for future viability and sustainability. Our Formula One campaign is thus less a key promoter for us. Mario Theissen has been in charge of our motor sports program since 1999. We have scored a large number of successes in this period, including some in Formula One racing. I would like to express my sincere gratitude to Mario Theissen and his team for this,” – Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AG.

“It only took us three years to establish ourselves as a top team with the BMW Sauber F1 Team. Unfortunately, we were unable to meet expectations in the current season. Nevertheless, our ten years of Formula One experience have had a major impact on our development engineers. We have racing to thank for numerous technological innovations as well as the competitive spirit that drives us to develop mass-produced cars.

Since we only made this decision yesterday, we cannot provide any more precise information. We will develop and assess various scenarios and do our best to find a solution for the employees in Hinwil and the staff members involved in the Formula One project in Munich. We are aware of the responsibility we shoulder and will inform the staff as soon as we can make a clear statement.” – Dr. Klaus Draeger, the member of the Board of Management responsible for development

“Of course, we, the employees in Hinwil and Munich, would all have liked to continue this ambitious campaign and show that this season was just a hiccup following three successful years. But I can understand why this decision was made from a corporate perspective. We will now focus sharply on the remaining races and demonstrate our fighting spirit and put in a good result as we bid farewell to Formula One racing.” – BMW Motorsport director Dr. Mario Theissen

BMW will continue its programs in a number of motor sports series: BMW will appear on the starting grid in the touring car series and young driver promotion program in Formula BMW. This will be supplemented by BMW’s participation in ALMS, the American Le Mans Series, endurance races and close-to-production customer sports. Furthermore, BMW Motorrad Motorsport will continue its campaigns, with the super bike world championship leading the way.

It does not seem like BMW plans to continue supplying engines for F1.

5 Comments Post a Comment
  1. F1 TrollNo Gravatar says:

    Awesome. Honda, now BMW. Are Toyota to follow? They were more rumored to quit than BMW was. This seems like a breakdown of FOTA to me. Perhaps the manufactueres really will start there own series. Who knows.

    Then again, it’s hard to stay motivated when you have to blow through several hundred million dollars and you’re at the bottom of the grid.
    .-= F1 Troll´s last blog ..FIA Superlicense-gate with Jaime Alguersuari Victim of the Press =-.

  2. Arun SriniNo Gravatar says:

    Sad to see them go. Frank Williams would be laughing for Mario to leave him and think he could make a team,er., he nearly made a great team. Every team has its ups and downs, and maybe it was too much concentration on the KERS that damaged their season. Sad to see Dr. Mario, as he is affectionately called, to leave the sport.
    Maybe Kubica would partner Alonso for ferrari in 2010, and nick to Force India or some other team that can profit from his experience and consistency. But I will be really sad not to see the emblem anymore in f1.

  3. KotenokNo Gravatar says:

    Now it’s time to raffle the bunch of technical of employees between the new teams and those which finally decide to enter the next championship.
    .-= Kotenok´s last blog ..F1Wolf commented on Kotenok’s video ‘The Duel’ =-.

  4. KotenokNo Gravatar says:

    Well, well… I don’t know what he may feel, personally I think that Sir Frank Williams isn’t this kind of people which delights from others failures. But anyway, he may have something to say about that, something like “I advised them, corporations seeking business doesn’t suit to this sport”. Anyway, they were trying to rule the team… I do not pity that BMW went by its own then.

    But what I pity a lot is the orphan project, looking forward the 2010 there’s already a lot invested, there’re lots qualified people which will have to stop thinking in long term and switch to what is next mode, contracts ,and BMW had anyway the team structure well planned and the facilities… When a building is build, the promoters and chief architect do not decide to demolish it just because the deadlines don’t match with the planned schedule. But we can’t say the same from a business based in a F1 team.
    .-= Kotenok´s last blog ..F1Wolf commented on Kotenok’s video ‘The Duel’ =-.

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