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BMW follow Honda in quitting Formula One
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BMW rocked Formula One on Wednesday by announcing their exit as a team and engine supplier at the end of 2009.
The Munich carmaker’s abrupt decision, after a dismal season on the track and with the industry in crisis, leaves the glamour sport with just four manufacturers – Fiat-owned Ferrari, McLaren’s partners Mercedes, Renault and Toyota.
However, three new teams are due to enter next year with others on standby.
“The BMW Group will not continue its Formula One campaign after the end of the 2009 season,” the Munich carmaker said in a statement issued before a news conference at their company headquarters.
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