neocyber_16
06-22-2005, 02:08 PM
Sauber and Credit Suisse are selling a majority interest in the Sauber Holding to BMW effective 1 January 2006, thus creating the basis for sporting success as well as the future of the factory with its 300 employees at the Hinwil location. As of 2006, the German manufacturer will enter a BMW managed team in the Formula One World Championship.
BMW is acquiring shares from Peter Sauber and will successively take over the shares held by Credit Suisse by the end of 2008. Peter Sauber will continue to hold some of his shares and will assist BMW as an adviser, but withdraw from his operational responsibility. The factory in Hinwil will continue to exist as a legally independent Swiss company affiliated to BMW Motorsport. To achieve the established objectives, BMW will increase the number of employees in Hinwil.
Source: http://www.sauber-petronas.com/en/presse/index.php?op=detail&archive=0&id=114
What does this mean for Jacques Villeneuve? Will he still drive next season? Possible future linup?
NH to BMW
JB to Williams
FM to Ferrari
RB to Honda
BMW is acquiring shares from Peter Sauber and will successively take over the shares held by Credit Suisse by the end of 2008. Peter Sauber will continue to hold some of his shares and will assist BMW as an adviser, but withdraw from his operational responsibility. The factory in Hinwil will continue to exist as a legally independent Swiss company affiliated to BMW Motorsport. To achieve the established objectives, BMW will increase the number of employees in Hinwil.
Source: http://www.sauber-petronas.com/en/presse/index.php?op=detail&archive=0&id=114
What does this mean for Jacques Villeneuve? Will he still drive next season? Possible future linup?
NH to BMW
JB to Williams
FM to Ferrari
RB to Honda