Riffrag Business & Finance Report

Hinwil – Finally, BMW decided to sell the shares back to Peter Sauber. Practically, this makes the future with Team Sauber Formula One (F1) was saved.

The future based on it’s time Hinwil questionable. It happened since BMW announced no action to compete in F1 in the past July 29, 2009 due to financial crisis.

Sauber admitted relieved to get back its shares, “I am very happy that we finally managed to find the best solution,” said Sauber F1Live as quoted on Sunday (29/11/2009).

“That means, we can maintain the team’s headquarters in Hinwil. I believe this new team has a bright future in Formula One. The transformation of the current with the new conditions will benefit the team,” he continued.

“Our staff is very competent and motivated and I’m looking forward to this new challenge. I want to thank BMW for four years with our success,” he said.

One of the BMW board member Klaus Draeger Dr solution also glad this happened. “This is very important to the success of these teams. Working together we are very satisfied,” Draeger said.

“We also want to thank Peter Sauber and the entire team for working together during the last four years this extraordinary place,” he said.