BMW: Pulling out of Formula One by 2010!

BREAKING NEWS: BMW decided to pull out of Formula 1 by 2010 and will have an official statement by Norbert Reithofer (Head of BMW), Klaus Draeger (Head of Development) and Motorsports Head Mario Theissen on 29th July 10AM German time!
Reasons are the disappointing results as well as the financial burden for Formula One.
Related news: GermanCarBlog, P4MR, BMW
Source: Autobild
Labels: BMW
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