Thread: BMW retires from F1

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BMW will end their involvement in Formula One racing at the end of the current season, it was announced on Wednesday.

The news came at a press conference held at the company’s German headquarters in Munich, attended by BMW Sauber team principal Mario Theissen, along with Dr. Norbert Reithofer, the chairman of the BMW board, and Dr. Klaus Draeger, the director for development.

“Of course, we, the employees in Hinwil and Munich, would all have liked to continue this ambitious campaign and show that this season was just a hiccup following three successful years," said Theissen. "But I can understand why this decision was made from a corporate perspective. We will now focus sharply on the remaining races and demonstrate our fighting spirit and put in a good result as we bid farewell to Formula One racing.”

So what is the main reason for their pullout? After being in F1 for so many years, winning races, having some great drivers on their side....?