Important news expected from BMW today

BMW has called an emergency press conference for Wednesday. Dr. Norbert Reithofer, the chairman of the BMW board, Dr. Klaus Draeger, the director for development, and Mario Theissen, BMW motorsport director will be present. There hasn’t been any confirmation what will the press conference be about other than we can expect imporatant news. The fact that BMW is sending its top brass to attend indeed suggests that we are in for some big news.

We will see more when the BMW top guns assemble in Munich later today and tell us what is on their mind. But the expectations are that BMW is about to follow Honda and pull out from Formula One …

5 Comments Post a Comment
  1. TimmieNo Gravatar says:

    Would be a major shame but in current market, even though it is not as bad as it was it isn’t surprising.

    BMW have been consistently good over the last few years then this year when wayward and cost them huge amounts of money for a wasted season, as much as i would rather see them stay they obviously would pull out now if ever before any kind of concorde agreement is signed and they are tied to a formula they no longer want to race in.

    Big shame if that is what is happening!

  2. osamaNo Gravatar says:

    well, given the huge decline in BMW’s profits over the past year, its not a big surprise (although its very sad)

  3. F1WolfNo Gravatar says:

    what is interesting is the timing ofthis “important announcement” whatever they plan to announce. The Concorde Agreement binding the manufacturers to F1 till 2012 is to be signed this week …

  4. nieuweNo Gravatar says:

    And here is the latest from down in NZ

    BMW plans to pull out of F1: report
    New 7:20PM Wednesday Jul 29, 2009

    German media is reporting that BMW will withdraw from Formula One.

    German media says car maker BMW plans to pull out of Formula One at the end of this season.

    The newspaper Bild, and others, are reporting that the company will announce the decision at a news conference later on Wednesday.

    BMW will remain involved in motor sport but not in Formula One.

    BMW was involved in F1 in the 1980s before pulling out, returning as an engine supplier to Williams in 2000. It took over the Sauber team in 2005. Its only Formula One win was in the 2008 Canadian Grand Prix and has had a disappointing 2009 season.

    Japanese car maker Honda pulled out of F1 ahead of this season.

  5. JRNo Gravatar says:

    Formula 1 is only for winners. We all tolerate losers.

    I would know. I’m like the Mark Webber of Life.

    I figured that out about the same time Mark Webber did. Last week.

    You fellas are all missing the most important point of conversation.

    Does BMW suck?

    or do Kubica and Heidfeld?

    I can’t answer that question.

    I think Nakajima and Sutil suck. But there are differing opinions.

    If Ferrari wants a new driver, I’d take Rosberg. Rosberg burns rubber. (that’s an American phrase, it means he screws, it doesn’t mean he grains his softs)

    Don’t get me wrong, I love Alonso. But he is geting old and he is going to jinx the whole thing.

    It doesn’t matter to me. I want to see what happens to Barrichello. The old man went crazy. Let’s see how they treat him.

    How about Button? That car is done. Button has seen his last win. The whole season was a fluke for Brawn and everybody knows it. Otherwise, the Red Bulls would not be doing what they are doing.

    I hope Massa recovers fast and returns in 2010 to show the world how a real driver races.

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