Whether a place on the grid is offered to Sauber remains to be seen, as the costly and scandal wracked business continues to be roiled by defections of major automakers.
BMW AG agreed to sell its 80% ownership in the BMW Sauber F1 Team to founder and former owner Peter Sauber at the end of last week.
The contract is subject to the team having a starting place for the 2010 Formula One season, which up to this point is unknown because the sanctioning body, Fédération Internationale de l’Automobile, mistrusted the proposed mid-east financing of a restructured team. This previous announced deal from a murky mid-east based company called Qadbak Investment Ltd is now off.
Whether a place on the grid is offered to Sauber remains to be seen, as the costly and scandal wracked business continues to be roiled by defections of major automakers, among them Honda, Toyota, BMW and tire supplier Bridgestone. Renault is also said to be examining its costly participation.
Moreover, Ferrari, the unquestioned superstar marque of the series among fans, is apoplectic about one proposal to cut the obscene costs that are driving other makers away. It would see a spec engine replace the highly specialized, breathtakingly expensive, custom engines now in use. Ferrari’s entire marketing plan is based on its often-successful participation in Formula One, of course.