BMW Sauber F1 sold to Peter Sauber, deal with Qadbak cancelled

BMW has officially announced that it has sold its Formula 1 team back to Peter Sauber and that the deal with Qadbak will not proceed further. This is good news as there should not be any reason for the FIA and other teams not to give Sauber the green light to race in 2010.

“We are very happy with this solution. This fulfils the most important requirement for a successful future for the team. Our relationship with Peter Sauber has always been excellent and marked by absolute respect. We would like to express our thanks to Peter Sauber and the whole team for the excellent cooperation during the recent four years,” said Dr Klaus Draeger, Member of the Board of Management of BMW AG.

Peter Sauber added, “I am very relieved that we have found this solution, it means we can keep the Hinwil location and the majority of workplaces. I am convinced that the new team has a very good future in Formula 1 whose current transformation with new framework conditions will benefit the private teams.” A further agreement with Peter Sauber proposes personnel cuts from the current level of 388 to around 250 employees.

There should be a total of 13 teams now, meaning 26 cars on the grid so it should be an exciting season. Furthermore with the team returning back to Peter Sauber, Petronas is likely to maintain its position as a sponsor, probably becoming the title sponsor again.

Looking to sell your car? Sell it with Carro.

Certified Pre-Owned - 1 Year Warranty

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Harvinder Sidhu

Harvinder Singh Sidhu thinks there's nothing better than Formula 1, not even sliced bread. Having written about cars since 2006, he plunged head first into the industry out of a passion for all things four-wheeled and everything in between. The F1 enthusiast has been following the sport since 1999 and has been keeping up with it since. In between races he keeps himself busy as the host of the Driven motoring show and as our version of the Joker.

 

Comments

  • Jugaus on Nov 28, 2009 at 8:22 am

    Fuhh..good news after all..

    Like or Dislike: Thumb up 0 Thumb down 0
  • SebJr on Nov 28, 2009 at 8:30 am

    Paul, last paragraph. Exciting, not exiting. Cheers

    Like or Dislike: Thumb up 0 Thumb down 0
  • Mazda 3 MPS on Nov 28, 2009 at 9:19 am

    dats the way it should be

    Like or Dislike: Thumb up 0 Thumb down 0
  • Spica on Nov 28, 2009 at 9:23 am

    Sauber Petronas once again

    Like or Dislike: Thumb up 0 Thumb down 0
  • ariff on Nov 28, 2009 at 4:05 pm

    Sauber BMW F1 cars always have the most (i won't say ugly) distinctive nose.

    ..in F1..more teams always means better race

    Like or Dislike: Thumb up 0 Thumb down 0
  • NasRule on Nov 28, 2009 at 5:33 pm

    return of the green machine

    Like or Dislike: Thumb up 0 Thumb down 0
  • blasting on Nov 28, 2009 at 9:42 pm

    sauber petronas datang lg…hahaa..

    Like or Dislike: Thumb up 0 Thumb down 0
  • Motorist on Nov 28, 2009 at 9:50 pm

    Quote: Furthermore with the team returning back to Peter Sauber, Petronas is likely to maintain its position as a sponsor, probably becoming the title sponsor again.

    Are you sure? With the AirAsia led F1 M'sia, do you think Petronas will be hard pressed to support local team.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Mazda 3 MPS on Nov 28, 2009 at 11:10 pm

    Doesn't matter, either way the Malaysian Teams will lose

    Like or Dislike: Thumb up 0 Thumb down 0
  • patiniox on Nov 28, 2009 at 11:53 pm

    stupid mazda pencacai cingciapore

    Like or Dislike: Thumb up 0 Thumb down 0
  • Mazda 3 MPS on Nov 29, 2009 at 3:49 am

    patiniox said,

    November 28, 2009 @ 3:53 pm

    stupid mazda pencacai cingciapore

    ———————

    no just being realistic

    Like or Dislike: Thumb up 0 Thumb down 0
  • tam25 on Nov 29, 2009 at 3:59 am

    Yehaa…Hope to see Sauber PETRONAS on the grid again. Since PETRONAS involvement in F1 has been strictly a business venture, the 'other' team does not really look that convincing as a business entity..at least for the first few years…

    Like or Dislike: Thumb up 0 Thumb down 0
  • Ferruccio on Nov 29, 2009 at 5:49 am

    We're jumping the gun here.

    The news is that BMW sold their equity back to Peter Sauber. This doesn't mean 'Hooray they'll be at Bahrain!'

    1. FIA still need to offically give them a slot

    2. Peter Sauber still need investors to finance the team probably to operate at lower costs (lower competitivenes) then they were used to with BMW behind them.

    3. Who will be their engine supplier?

    4. Petronas? They were exiting BMW Sauber anyway at the end of 2009. So have they changed their mind??

    There's still a lot for Peter Sauber to do but at least now there is certainty that he is in control and that is always welcomed.

    Like or Dislike: Thumb up 0 Thumb down 0
  • squawk on Nov 29, 2009 at 6:48 am

    Good news for the team and Mr Sauber. Always admired his ability to run the team. Hope he gets the proper funding and engine supplier.

    Like or Dislike: Thumb up 0 Thumb down 0
  • BMW Sauber on Nov 29, 2009 at 8:17 am

    Yes!!! Finally the sauber team is back…

    Like or Dislike: Thumb up 0 Thumb down 0
  • lotusfan on Nov 30, 2009 at 4:50 pm

    who is the driver….kubica already gone..

    Like or Dislike: Thumb up 0 Thumb down 0
  • osh_kosh on Nov 30, 2009 at 5:15 pm

    so… Petronas will not go to 1MF1 Team??

    Like or Dislike: Thumb up 0 Thumb down 0
  • Mazda 3 MPS on Nov 30, 2009 at 10:09 pm

    alex yoong?

    Like or Dislike: Thumb up 0 Thumb down 0
  • zeroneight2850988for on Dec 01, 2009 at 12:03 am

    pick me as driver;)

    Like or Dislike: Thumb up 0 Thumb down 0
  • paxter on Dec 01, 2009 at 3:56 am

    I am very sure petronas would like to stay away from lotus f1 if it can… if they were going to sponsor that 1 malaysia team they would have done it a long time ago. Pretty obvious Petronas does not want to have anything got to do with that team…

    anyway sauber and petronas have been buddies since the late 90s and a lot have came out of their partnership from the Petronas v6 engine, to the Petronas superbikes.

    If sauber does get its place next year does that mean. They will return to ferrari transmitions and engines? wish they go with Mercedes engines…

    Like or Dislike: Thumb up 0 Thumb down 0
  • Leonardo on Dec 01, 2009 at 8:37 am

    Ferrari engines and trans just like the good old days of Sauber Petronas. De ja vu? Realistically Sauber would end up somewhere in the middle of the pack as before the BMW era, at best.

    At least Petronas can sent some engineers to join the team like before.

    In my opinion too that Petronas will not sponsor a team just for the sake of being Nationalistic. They would want the brand recognition and they will not get it with a team struggling at the back.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Ferruccio on Dec 01, 2009 at 8:54 am

    paxter said,

    November 30, 2009 @ 7:56 pm

    anyway sauber and petronas have been buddies since the late 90s and a lot have came out of their partnership from the Petronas v6 engine, to the Petronas superbikes.

    ___________________________________________________________________________

    What Petronas V6 engine? There never was such an engine. The Petronas bike had nothing to do with the F1 programme.

    Petronas spend money in F1 to benefit the company, mostly for branding. It is not really for nationalistic reasons. Neither are they spending to enhance their retail revenue. You can't walk into a Petronas petrol station in Europe like you would say a Shell station.

    If it was for nationalistic reasons we would certainly see engineers, drivers, marketeers, technology etc coming out by the dozens from their 12 year involvement in F1. Unfortunately there is none at the moment.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Leonardo on Dec 01, 2009 at 6:56 pm

    There WAS a V6 engine developed by Petronas, but I am not sure if Sauber engineers have any input.

    The Petronas superbike FP1 was developed with Carl Foggerty, a former superbike champ, with some track successes. However the limited edition road bike didn't do well due to the high pricing and the remaining components are stored at the Modenas factory in Kedah, the last time i heard.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Mazda 3 MPS on Dec 01, 2009 at 9:09 pm

    Leonardo said,

    December 1, 2009 @ 10:56 am

    There WAS a V6 engine developed by Petronas, but I am not sure if Sauber engineers have any input.

    The Petronas superbike FP1 was developed with Carl Foggerty, a former superbike champ, with some track successes. However the limited edition road bike didn’t do well due to the high pricing and the remaining components are stored at the Modenas factory in Kedah, the last time i heard.

    ————————————————–

    anybody owns the bike? the naza showroom in PJ still has the FP1 logo on it

    Like or Dislike: Thumb up 0 Thumb down 0
  • Ferruccio on Dec 01, 2009 at 9:41 pm

    As far as I know the only car engine that Petronas built and used as PR to justify their involvement with Sauber via SPE (Sauber Petronas Engineering) was the E01w 4 cylinder engine. However the technologies in use in F1 at the time simply cannot be implemented in the 4 cyl engine.

    Like or Dislike: Thumb up 0 Thumb down 0
  • paxter on Dec 02, 2009 at 12:01 am

    Ferruccio said,

    December 1, 2009 @ 12:54 am

    If you read the memoirs of the previous Chairman of petronas or did some research before bashing. You would know petronas with saubers help built a v6 engine as a prototype and tried to sell it to proton. But proton wanted to go with their own ideas… thus the engine was kept a side till it was sold to a chinese company

    http://paultan.org/2005/07/08/the-petronas-e01/ there u go a link IN PAUL tan on the e01

    Like or Dislike: Thumb up 0 Thumb down 0
  • paxter on Dec 02, 2009 at 12:09 am

    If you read the memoirs of the previous Chairman of petronas or did some research before bashing. You would know petronas with saubers help built a v6 engine as a prototype and tried to sell it to proton. But proton wanted to go with their own ideas… thus the engine was kept a side till it was sold to a chinese company

    http://paultan.org/2005/07/08/the-petronas-e01/ there u go a link IN PAUL tan on the e01

    Like or Dislike: Thumb up 0 Thumb down 0
  • Ferruccio on Dec 02, 2009 at 12:50 am

    Thank you for the article paxter but did you actually read the article yourself before promoting it?

    How did you conclude that the EO1 engine is a V6 ??????

    The EO1 engine as I have said is a 4 cylinder unit. They built the EO1e and EO1w. Btw the e and w versions denote engine orientation. 'East-West' or 'West-East'

    Like or Dislike: Thumb up 0 Thumb down 0
  • ClosetFan on Dec 02, 2009 at 8:32 pm

    Well done paxter. Yes, Petronas did sell the engine to a Chinese party.

    Ferrucio, "Petronas spend money in F1 to benefit the company, mostly for branding. It is not really for nationalistic reasons." if this is true why do they have Malaysia on the cars they sponsor?

    "Neither are they spending to enhance their retail revenue. You can’t walk into a Petronas petrol station in Europe like you would say a Shell station." Well, obviously they have other businesses not just retail stations. Retail brings in small margins, they should concentrate on the bigger bucks.

    "If it was for nationalistic reasons we would certainly see engineers, drivers, marketeers, technology etc coming out by the dozens from their 12 year involvement in F1. Unfortunately there is none at the moment." You really live under a tempurung la. So, you think these people will walk around telling everyone they were involved in F1 is it? I know 3 or 4 engineers personally, and I understand that there were over 20 whom benefited directly from their exposure in F1. I guess, Petronas, after spending so much on them, would like to retain these talented individuals. After all, by contributing to Petronas they indirectly contribute to the country as well.

    Driver?? Well we all know what happened to Alex Yoong. Petronas must have sighed a relief when they were not 'encouraged' to take him onboard, not the best of branding right?!

    Like or Dislike: Thumb up 0 Thumb down 0
  • ClosetFan on Dec 02, 2009 at 8:45 pm

    Anyway, I look forward to hearing Petronas' decision on F1 :)

    Like or Dislike: Thumb up 0 Thumb down 0
  • High Revs on Dec 02, 2009 at 11:11 pm

    A revival for Sauber Petronas team….

    Blue + Green car.Yeah!!

    Like or Dislike: Thumb up 0 Thumb down 0
 

Add a comment

required

required