Skip navigation
Newswire

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

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.