Very interesting
"BMW will enter their own Formula One team in the 2006 world championship after buying a majority share in Sauber, it was announced on Wednesday. The German carmaker also wants to continue supplying engines to current partner Williams.
In a press conference at their Munich headquarters, BMW’s Motorsport Director, Dr Mario Thiessen, sat alongside team principal Peter Sauber, revealed details of the new agreement, which will come into effect at the start of January, 2006.
BMW is acquiring shares from Peter Sauber and will successively take over those held by long-time Sauber backers, Credit Suisse, by the end of 2008. Peter Sauber will retain a stake in the team and will assist BMW as an adviser, but withdraw from his operational responsibilities........"
Read more here
http://www.formula1.com/news/3215.html
"BMW will enter their own Formula One team in the 2006 world championship after buying a majority share in Sauber, it was announced on Wednesday. The German carmaker also wants to continue supplying engines to current partner Williams.
In a press conference at their Munich headquarters, BMW’s Motorsport Director, Dr Mario Thiessen, sat alongside team principal Peter Sauber, revealed details of the new agreement, which will come into effect at the start of January, 2006.
BMW is acquiring shares from Peter Sauber and will successively take over those held by long-time Sauber backers, Credit Suisse, by the end of 2008. Peter Sauber will retain a stake in the team and will assist BMW as an adviser, but withdraw from his operational responsibilities........"
Read more here
http://www.formula1.com/news/3215.html