BMW sold the F1 team to Peter Sauber on the condition they will compete in the 2010 championship.
Dr. Klaus Draeger, boardsmen at BMW, is very pleased with the deal and stated: “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.“
Financial details are unknown but of the 388 people currently employed, only 250 will remain.
Leave a Comment