BMW to compete in Formula 1 from 2006

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. The principle BMW association in Formula 1 in recent years has been since 1997 with the Williams BMW team with the BMW engines among the fastest, though no championship has been forthcoming. BMW formerly supplied engines to F1 constructors in the mid-eighties, winning nine Grands Prix and a championship with their road-car based turbo engine in Nelson Piquet's Brabham. BMW's participation will strengthen the Formula 1 grid.

The following statements were issued at the conference:

Professor Burkhard Göschel, BMW Board Member for Development and Purchasing: "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

"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.

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