BMW agree deal with Peter Sauber to save F1 teamPublished on Fri, Nov 27, 2009 at 18:10 | Source : Reuters Updated at Fri, Nov 27, 2009 at 18:47 Like this story, share it with millions of investors on M3
BMW have cancelled the planned sale of their Formula One interests to Qadbak Investments and agreed a new deal with Peter Sauber to save the team, the carmaker said in a statement on Friday. "Yesterday, BMW AG reached an agreement with Peter Sauber regarding the sale of the BMW-Sauber F1 team," BMW said. "The contract is subject to the condition that the team has a starting place for the 2010 Formula One season." "This means that the sale to Qadbak Investment Ltd. that was initially planned will not be completed."
PREVIOUS STORY NEXT STORY More on Moneycontrol
Headlines
 06:24 PM
 01:00 PM
 10:23 AM
Video of the day
Slideshows
Trending NewsBusiness News
|
News Sources Say BCCI Sahara Meet BCCI Agrees To All Other Demands Put In By Sahara  The latest earning numbers FIRST on CNBC-TV18
Videos
Interviews
 Feb 12 2012, 15:00 | Source: CNBC-TV18  Feb 11 2012, 11:52 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
|||||||
