Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Top opposition figure arrested in Burundi

Read more

MEDIAWATCH

"Is the UK still located in Europe?"

Read more

DEBATE

Crossing a red line: French mayor slammed for profiling Muslim students

Read more

DEBATE

Down to the wire: UK election poll shows main parties neck and neck

Read more

ENCORE!

Film show: 'A Thousand Times Goodnight', 'My Old Lady' and 'Titli'

Read more

FOCUS

UK election: Health system a key issue in Wales

Read more

FACE-OFF

Le Pen vs Le Pen: France's far-right family feud turns epic

Read more

MIDDLE EAST MATTERS

Saudi Arabia: Behind the royal family reshuffle

Read more

BUSINESS DAILY

Oil industry cuts an election issue in Scotland

Read more

BMW to quit F1 at end of season

Video by FRANCE 24

Text by NEWS WIRES

Latest update : 2009-07-30

BMW announced on Wednesday its decision to pull out of Formula One at the end of the current season, due to a "new strategic direction" in the group. With just eight points, the German team is in last position in this current championship.

AFP - German car manufacturer BMW announced on Wednesday that they will pull out of Formula One at the end of this season.

"The BMW Group will not continue its Formula One campaign after the end of the 2009 season," the Formula One team said in a statement.

The decision is a result "of the new strategic direction of our business", said BMW chairman and CEO Norbert Reithofer.

"Resources freed up as a result are to be dedicated to the development of new drive technologies and projects in the field of sustainability," the statement said.

"BMW will continue to be actively involved in other motor sports series."

BMW drivers Nick Heidfeld and Robert Kubica have just eight points between them this season to leave their team last in the constructors' championship.

Date created : 2009-07-29

COMMENT(S)