News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff.com  » Sports » BMW to leave F1 at end of '09

BMW to leave F1 at end of '09

Source: PTI
July 29, 2009 14:04 IST
Get Rediff News in your Inbox:

BMW confirmed it would leave Formula One racing at the end of 2009 for image reasons as the maker of sporty luxury cars wants to focus on sustainability and the environment.

"We are of the opinion that the premium segment has to remain a positive role model within our society," Chief Executive Norbert Reithofer said in a statement on Wednesday.

"We will remain loyal to motor sports, but we will do this in series that enable us to transfer technology more directly and to realise additional synergies."

BMW's head of research and development Klaus Draeger, who is the management board member responsible for motorsports, said the sole reason behind the decision was a realignment of its strategy to reflect its focus on reducing carbon emissions.

"The main reason for this decision was not our current performance or the general economic situation," Draeger said.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

INDIAN PREMIER LEAGUE 2024

INDIAN PREMIER LEAGUE 2024