F1: Sauber Blames BMW For Failure Of Talks

Formula 1

F1: Sauber Blames BMW For Failure Of Talks

Team founder Peter Sauber pointed the finger Thursday squarely at BMW after it emerged that initial efforts to rescue the Hinwil based outfit had failed...

SPEED Staff / GMM | Posted August 06, 2009 GMM Newswire

Team founder Peter Sauber pointed the finger Thursday squarely at BMW after it emerged that initial efforts to rescue the Hinwil based outfit had failed. (Photo: LAT Photgraphic)

Team founder Peter Sauber pointed the finger Thursday squarely at BMW after it emerged that initial efforts to rescue the Hinwil based outfit had failed.

Earlier reports in the German language media said that Sauber, who founded the team in 1993, and current boss Mario Theissen, held talks with BMW executives about performing a Brawn/Honda-style management takeover.

The 65-year-old Swiss is quoted as saying by the Blick newspaper that the demands of the Munich manufacturer BMW, who bought Sauber in late 2005 and will pull out of Formula One at the end of this season, were "simply too high".

Sauber said efforts to build on the initial interest of potential investors will now continue, and "obviously I'm still here to help".

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