BMW CEO confirms to leave Formula One at end of '09

Newswire

FRANKFURT, July 29 (Reuters) - BMW confirmed it would leave Formula One racing at the end of 2009 for image reasons as the maker of sporty luxury cars wants to focus on sustainability and the environment. "We are of the opinion that the premium segment has to remain a positive role model within our society," Chief Executive Norbert Reithofer said in a statement on Wednesday. "We will remain loyal to motor sports, but we will do this in series that enable us to transfer technology more ...

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