Motor racing-BMW agree deal with Peter Sauber to save F1 team

Newswire

LONDON, Nov 27 (Reuters) - 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 ...

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