July 28, 2009
BMW to leave F1? Speculation grows ahead of press conference Wednesday
It is been confirmed by our sources that BMW has called what is being described as "an important press conference" in Munich Wednesday morning. The growing rumor is that BMW will announce it is leaving Formula 1 at the end of the season to concentrate on more cost effective racing series, sports cars and sedans which have historically been BMW's playground.
We will not speculate at this time on the reasoning for this decision which contradicts BMW's statement earlier in the season regarding its long term commitments to Formula 1. Stay tuned...