BMW Buys Sauber

The rumors are true. BMW is splitting with Williams and has bought Sauber.  This from AFP: "With a team managed by BMW we will, as of next year, take on responsibility for the entire package, which will include the key factors of the chassis, tyres and drivers," said Goschel. Sauber team principal Peter Sauber said:

For Sauber, the partnership with BMW is an ideal solution as it supports the two goals which have always been paramount for me. Firstly, to offer the team the possibility of improving their sporting performance, and secondly, to safeguard the site at Hinwil and the jobs of today's 300-strong workforce.

Sauber said the costs involved in running a Formula One stable were increasingly prohibitive for private teams.