BMW team to replace Sauber

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BMW is striking out on a new path in Formula One. After acquiring a majority shareholding in the Swiss Sauber team, a BMW managed team will be contesting the Formula One World Championship as early as 2006. This was decided by the BMW Board of Management on Tuesday. It means that, for the first time in company history, BMW will be competing independently in Formula One.

Professor Burkhard Göschel, BMW Board Member for Development and Purchasing commented in Munich: "This decision is a strong, long-term affirmation of BMW's commitment to Formula One. We anticipate that Formula One will emerge strengthened from the current restructuring phase and that it will continue to represent the top echelon of motor sport for the future as well. For BMW, Formula One is thus the right platform for demonstrating our competence as a car manufacturer.

Success in Formula One increasingly depends on the perfect interplay of all factors. That is why we have resolved to extend our involvement beyond our present role of engine partner. With a team managed by BMW we will, as of next year, take on
responsibility for the entire package, which will include the key factors of the chassis, tyres and drivers.

Naturally this decision impacts on our partnership with WilliamsF1. We want to discuss the future options together with WilliamsF1 in order to find the right way forward for both sides. We do not expect instant success from the new constellation, but we are convinced that we have chosen the right path for the long term."

Dr Mario Theissen, BMW Motorsport Director said: "The realignment of our Formula One strategy is based on two insights. Firstly, the influence of the engine on the winning potential of the overall package has diminished; the car, tyres and drivers play a greater role than they used to. Secondly, from our point of view, an optimal overall package can only be achieved with a fully integrated team and coherent processes throughout."

"In restructuring we are taking account of these insights. At Sauber we have found a
solid foundation for vehicle development and production, along with the requisite
know-how and one of the most modern wind tunnels. The results achieved there so
far are worthy of respect in the light of the team's limited budget."

BMW will not only maintain this foundation but build on it. That applies both to the facilities and to the staff. Additional workplaces will be created at the Sauber headquarters in Hinwil. The new team will be managed as a fully integrated project
from two locations, as has long been standard practice at BMW for series production.