BMW reacts to Honda shock & denies own withdrawal


By BMW Sauber F1 Team
December 5 2008

Statement of Dr. Klaus Draeger, member of the BMW AG Board of Management responsible for development, regarding the withdrawal of Honda from Formula One . "It is with regret that we learnt of Honda's decision. It has no bearing on BMW's involvement in Formula One.

Our F1 involvement is an integral part of the company strategy. There is no better platform than Formula One for demonstrating our brand values. BMW, moreover, makes targeted use of the Formula One project as a technology accelerator for series production.

With the BMW Sauber F1 Team, we have from the start focused on high efficiency and have achieved our successes with a compact and powerful team. The cost-benefit ratio is commensurately positive. The measures now proposed by FOTA for significant cost cuts starting as early as season 2009 are a further important contribution."

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