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News roundup including BMW, Schumacher and Piquet // A catchup of the news we missed over the last few days

Published by Christine

News roundup including BMW, Schumacher and Piquet
News roundup including BMW, Schumacher and Piquet audio waveform
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This is F1Minute for the 3rd August 2009.

We took a bit of an unplanned hiatus in the middle of last week, and now there is lots of news to catch up on. Today we’ll cover the headlines, and we’ll fill in some more details throughout the week.

Firstly, BMW announced that they are quitting the sport at the end of this year, citing many reasons including a refocusing of the company’s aims, plus this season’s poor results. Minority shareholder Peter Sauber says he is looking at possible ways to save the team and the many jobs that are at stake.

This news was completely overshadowed by the announcement that Michael Schumacher would be coming out of retirement to deputise for Massa in Valencia. FOTA initially agreed that he could waive the testing ban to try out a current car. However, Williams and both Red Bull teams have today said they do not agree with this.

Two notes to finish, the Concorde Agreement was finally signed, and Piquet has issued a statement today saying he no longer drives for Renault.

That’s it for now, I’ll be back tomorrow with another F1Minute.